Now I hope with the best brains within the parliament they are able to conjure up some rescue plan to see us through this.  Again on my gut feel we are a great nation and I think we have the brains to do it.  If it really is a global problem then putting the best minds in the world all together they must be able to come up with something, right?

The second question of whether we will see credit levels restored back to the 2006 levels I am sure we will see.  In fact the more I think about it the credit will be over restored to people like you and me.

I reckon mortgages will be given to people who understand good debt and bad debt.  Good debt is debt taken on to make investments.  Bad debt is debt taken on for anything else other than investments! i.e. holidays, cars, plastic surgery, pet monkeys, you name it!

If I look at my debt I have to say it is all good.  How about you?

So when the credit markets start to melt who do you think they are going to want to lend to?  Dare I say it the buy to let investor.  I reckon our time is coming.

If I let you know about my credit history I have 200+ loans all paid on time for the last 6 years.  If the banks are looking for somewhere safe to place their money with then look no further!

So keep your credit file in check, build some good credit history and get ready to pounce.  As soon as the credit market shows signs of recovery expect a 17% bounce in prices very quickly.

If you are putting10% down to buy a property and gaining 17% then you will be making a 170% return on your money.  Now that's what I am talking about!

Look at my list of 10% down properties.

 

Ajay

Posted on: 29th Jan 2009

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