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Royal Bank of Scotland Share Chat (RBS)



Share Price: 351.90Bid: 352.10Ask: 352.20Change: 7.00 (+2.03%)Riser - Royal Bank Scot
Spread: 0.10Spread as %: 0.03%Open: 342.50High: 352.70Low: 339.00Yesterday’s Close: 344.90


Share Discussion for Royal Bank Scot (RBS)


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jings100
Posts: 7,588
Off Topic
Opinion:No Opinion
Price:337.90
Fingersnthumbs
4 Jun '14
Nationally there is no housing boom . What you have at present is a totally fragmented market with large areas of the country where prices have risen at reasonable rates and in some instances not at all . London and surrounding area is now so out of kilter with the rest of the country that trying to work out average national house price figures no longer makes any sense . Not sure what lessons have been learned when banks are implementing lending criteria which apply equally to borrowers in London and the north of Scotland .
 
HALFMIST
Posts: 162
Answer
Opinion:No Opinion
Price:337.90
Housing
4 Jun '14
I do not get this one size fits all attitude taken . Having recently applied for a mortgage whilst in semi retirement most mortgage lenders are reluctant to lend to us because on multiple income basis we fall short on their one size fits all basis. Despite having other assets valued at around £1.8m and only wanting to borrow £360000 on a £875000 property we were turned down by a number of providers. Who is the safest bet us with substantial equity or someone who has a higher income but could easily loose their job at any time .The selection criteria is crazy as there is no way we would default on a £360000 mortgage and put our other assets at risk. So basing lending criteria purely on current income basis which by the way is often manipulated will have very little influence on whether someone defaults or not. Fortunately there are specialist mortgage providers such a Scottish Widows who look beyond the one size fits all basis which are getting good quality customers at the expense of the likes of the RBS
fingersnthumbs
Posts: 188
Off Topic
Opinion:No Opinion
Price:337.90
housing
4 Jun '14
Its very reassuring that they are tighnening mortgage because we are clearly in a housing bubble, 2008 lessons learned from the banks?
TheTraveller
Posts: 422
Off Topic
Opinion:No Opinion
Price:336.30
neephead
4 Jun '14
Nope missed it
NeepHead
Posts: 1,388
Off Topic
Opinion:No Opinion
Price:337.50
The Traveller
4 Jun '14
Must surely have bottomed at 334? Hope you got in?
joesnatch
Posts: 174
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:336.90
What happened
4 Jun '14
To the price last time there was a shake up with staffing levels?
TheTraveller
Posts: 422
Off Topic
Opinion:No Opinion
Price:335.90
jings
4 Jun '14
wondering if i should get back in at this level, or more to come 64k dollar thing
jings100
Posts: 7,588
Off Topic
Opinion:No Opinion
Price:335.70
The Traveller
4 Jun '14
Current retrace at about expected levels . Hopefully start rising from here . Fingers crossed .
TheTraveller
Posts: 422
Off Topic
Opinion:No Opinion
Price:335.30
ooops mistake
4 Jun '14
3.342
TheTraveller
Posts: 422
Off Topic
Opinion:No Opinion
Price:335.90
neephead
4 Jun '14
3.3353 now on google.............. now i am watching it again



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