RS> property which is empty coz tenants cant be found. Corse that varys
RS> considerably around the country too.

DM> Just as an aside, wouldn't the new mortgage policy of requiring 20%
DM> deposit for a new home now affect the number of tenants in
DM> circulation.

RS> Well, the new policy doesnt require a 20% deposit, just require the
RS> banks to hold more liquid reserve for the loans which lend more than
RS> 80%. And there are what are called cocktail loans which are another
RS> way around that too.

DM> I hadn't followed the details too closely, as I am not in the process
DM> of chasing mortgages, but from all the media, the definite impression
DM> was that 20% was required, as opposed to the previous 10%, 5%, or 2.5%.

Nope, it aint that simple.

--- PQWK202