Does anyone have any ideasoverpriced target for this if i want a stag it on wednesday? Ideas and thoughts with reasons for price targets explained would be appreciated. No daft AIM styled ramping required please. I was thinking about £3.00 as well or around 15% above IPO.
Probably because a lot of these interest only mortgages are set to start maturing in the next 5 to 10 years and there is concern and evidence that quite a number of people who took out these mortgages don't have the funds to pay off their loan so as a worse case this could lead to defaults / repossessions or best case is they would have to extend their mortgage period but this is only kicking the problem into the long grass as sooner or later the loans need to be repaid so having a high amount of this type of mortgage on your books isn't brilliant IMHO
Why are people on here suggesting it's a negative TSB having a high amount of interest only mortgages on their books?! As long as the mortgages are in positive equity surely they are the most profitable type of mortgages for TSB to have?
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