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Talkback

Are Alliance & Leicester and NatWest right to cut their

loan-to-value criteria for areas of the South-east due to fears of a

downturn in the housing market?

“No. Why should they? Lenders have been offering 95 per cent for as

long as I can remember and I have been in business since 1985.”Joseph

Gillespie, Gillespie Financial Services

“Yes. I think far too much money is being loaned in all

directions.”William Paterson, Mr WS Paterson

“Yes, probably, in view of the fact that people suffered badly from

negative-equity problems in the past and lenders should look to

protect people from that.” Paul Armstrong, Independent Financial

Planning

“They have got to treat everyone the same. They shouldn&#39t just do it

for the South-east.”Donald Fraser, Inverness Insurance Centre

“They are right to be on their guard. There are a lot of factors

which show the picture is not quite as rosy as we are led to

believe.” Helen Moran, Helen Moran Associates

“I can understand why they have done it. Prices have been pushed up

too high by estate agents. I can see a downturn coming if interest

rates are put up.” Graham Bacon, GB Financial Management

“No. It is a worrying trend. Other major clearing banks are not doing

it and are distancing themselves from it, which I think is a good

thing.” Brian Mitchell, Mitchell Prockter Financial Services

“No. There is not much difference between 95 and 90 per cent LTV and

lenders are covered by mortgage indemnity anyway.” Man Lau, MFL

Financial Management

yes 50%

no 50%

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