-=> Quoting Rod Speed to Dieter Mirbach <=-

 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 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.

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


... deny thy father and forget thy tagline.
___ Blue Wave/QWK v2.12
@EOT:

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