*snip*The banks despite this massive £40bn+ investment from TAXPAYERS money are just not lending at all... you either have to be super rich or live at home to be able to buy a house these days and its bloody annoying.
I wish Brown and Darling would pass this bill forcing banks to start lending sensibly again not requiring 25% deposit etc. To put this in perspective the average house price is around £160k ergo you need £40000 to put down as deposit...
Well if you've contracted yourself to a massive amount of dept then what the TAXPAYERs are paying are the cost for those debts - a repayment if you will. In another post you've indicated that you're overdrawn etc so you're just paying for your (and others like you) which have placed themselves in debt.
I, on the other hand, have been a saver - I still have to pay for YOUR debts even though I don't have any (at all!).
I'm sat waiting for the house prices to fall, that 160-180K to pay for a two bedroom house down in the south east and I'll then put down that 25% deposit. I will also be able to pay the repayments too (this is aimed an anyone that's overstretched their finances that caused the boom in house prices). How can I afford that - simple I spent over ten years saving.
However I blame the banks for changing to becoming lending houses rather than savings banks.
I see the future being hard - as everyone is having to pay for the mistake they can't keep the money flowing through businesses.. job cuts ahoy!