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The big FHL loan book blows up in their faces thread


spygirl

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spygirl

Needs its own thread, away from general properdee and 'Renting in coastal ...'

Theres only 2 BS that do any ammount of FHL lending -Leeds BS and  Cumberland BS.

Leeds think theyve found a magic niche of higher returns. They are wrong.

Cumberland has always done FHS. However, until v recently they would only lend to FHL located with the Lakes district/x miles from Cumbria.

Neither have a fucking clue what they are doing.

CBS old lending restrictions used to limit its risks and exposure.

Now CBS will lend to any brassy Wessy trollop lookign to turn a Barrat house into Mariners Rest FHL ...

https://www.financialreporter.co.uk/mortgages/the-cumberland-enhances-holiday-let-range-with-new-ltvs-and-lower-rates.html

https://www.cumber

land.co.uk/business/mortgages/holiday-let

https://www.cumberland.co.uk/news/the-cumberland-announces-a-robust-financial-performance-during-challenging-year21--

 

What changed at CBS?

New CEO - 

https://www.newsletter.co.uk/business/cumberland-building-society-appoints-des-moore-new-ceo-1047911

Mr Moore has had a career in banking for over 30 years, much of which has been in leadership roles across financial institutions in the province and the Irish Republic, most recently as managing director of First Trust Bank – Northern Ireland’s 4th biggest bank and 5th most profitable company.

You really dont want to be touching anyone involved in baking before 2008 and all  that. esp one from NI/Ireland.

 

 

 

Edited by spygirl
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One percent
11 minutes ago, spygirl said:

Needs its own thread, away from general properdee and 'Renting in coastal ...'

Theres only 2 BS that do any ammount of FHL lending -Leeds BS and  Cumberland BS.

Leeds think theyve found a magic niche of higher returns. They are wrong.

Cumberland has always done FHS. However, until v recently they would only lend to FHL located with the Lakes district/x miles from Cumbria.

Neither have a fucking clue what they are doing.

CBS old lending restrictions used to limit its risks and exposure.

Now CBS will lend to any brassy Wessy trollop lookign to turn a Barrat house into Mariners Rest FHL ...

https://www.financialreporter.co.uk/mortgages/the-cumberland-enhances-holiday-let-range-with-new-ltvs-and-lower-rates.html

https://www.cumber

land.co.uk/business/mortgages/holiday-let

https://www.cumberland.co.uk/news/the-cumberland-announces-a-robust-financial-performance-during-challenging-year21--

 

What changed at CBS?

New CEO - 

https://www.newsletter.co.uk/business/cumberland-building-society-appoints-des-moore-new-ceo-1047911

Mr Moore has had a career in banking for over 30 years, much of which has been in leadership roles across financial institutions in the province and the Irish Republic, most recently as managing director of First Trust Bank – Northern Ireland’s 4th biggest bank and 5th most profitable company.

You really dont want to be touching anyone involved in baking before 2008 and all  that. esp one from NI/Ireland.

 

 

Would he make cakes for gay people?  

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  • 5 weeks later...

to be fair,it's not jsut holiday lets,I think a lot of BS's are going to blow up......again.

Lot claiming CET 1 ratio's 15% ++ but I suspect if you looked into some of those loans you'd see some humdinging car crashes waiting to happem

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