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Star Letter Extra 13/06/14

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  • 13/06/2014
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Star Letter Extra 13/06/14
Each Friday, Mortgage Solutions takes a look back at the best reader comments on the website and letters to the editor.

Vince Cable: Cap mortgage lending at 3.5 x income

Isn’t the whole point of MMR to get away from income multiples and base lending on affordability?

Mark Williams

Capping LTVs won’t slow London market – LSL

I know it would be hugely unpopular amongst the more affluent buyers but I think stamp duty could be increased on properties costing over £500,000 or even £750,000.

This would have little effect on the housing market outside of London and the lower priced property transactions would be unaffected.

Hampshire

World Cup prediction league: Can you beat our mortgage industry XI?

Broadhead’s your man. I am backing the perennially brilliant Dutch. Holland reached the final last time, breezed the qualifiers this time, and are coached by the outrageously successful Louis van Gaal.

They do face Spain, who beat them in the final in 2010, in their first match but even if they lose against them — and I don’t think they will — you’d fancy them to progress.

James Staunton

Lloyds and Halifax axe in-branch tracker mortgages

It will be interesting to see what the FCA’s response is, as LBG is effectively denying branch customers ‘advice’ between fixed or variable, and I thought that ‘advice’ is something which our beloved regulator had at the very heart of MMR.

How can they pretend to offer ‘advice’ to cutomers enquiring at the branch, when they can only have the option of fixed or fixed?? Within the next 12 months LBG won’t be offering mortgages in their branches, and will have a purely telephony based offering.

The Cynical Broker

Only 30% respond to mortgage lenders over interest-only loans

What nonsense I wonder how many of the 30% of respondents told their lender to mind their own business. Wheatley and his cronies live in a different universe!

Bill

Thank you for your comments this week

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