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maggie thatcher


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as i remember it under OLD labour the banks would would lend you approx 2.5 times your annual income for mortgage purposes under Torys & New Labour/Torys that jumped to upto 7 times your your annual income, IRRESPONSIBLE lending anyone???:001_tt2:

 

As I remember it, when I first got my mortgage in 1992, I was allowed only 2.5 times my annual income. Given the subject title of this thread, please remind the boys and girls who was no longer in power by this time and therefore had nothing to do with your comment here? :001_smile:

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As I remember it, when I first got my mortgage in 1992, I was allowed only 2.5 times my annual income. Given the subject title of this thread, please remind the boys and girls who was no longer in power by this time and therefore had nothing to do with your comment here? :001_smile:

 

Dont knock him out first punch,wer'e meant to be sparring.:laugh1:

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As I remember it, when I first got my mortgage in 1992, I was allowed only 2.5 times my annual income. Given the subject title of this thread, please remind the boys and girls who was no longer in power by this time and therefore had nothing to do with your comment here? :001_smile:

 

And when I finally got round to buying a house in 2005 I was allowed 4 times (although it may even have been 6?)

 

But that was for the same reason that in 1994 my parents bought the farm for £280k, but 10 years later, and after 7 years of 'the prudent chancellor' I couldn't buy half what they did even for twice as much.....:001_rolleyes:

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]New labour were labour' date='not consevatives[/u'][/b].:001_rolleyes:,Brown encouraged daft lending,& look where that got us...:biggrin:

 

no just watered down consevatives, Brown encouraged daft lending,& look where that got us, what about individual responsabilty:001_tt2:

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Labour always bugger up the economy, always. Believing social ills can be fixed by throwing money at them for starters. Masters of the er-nitiative but neglecting the maintenance...

 

Absolutely right. Even after all these years they still seem incapable of following the most basic arithmetic, that income needs to exceed expenditure if they're ever going to balance the books..... :001_rolleyes:

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