I mean that loan application refusals have jumped 30%. I mean that Now, Today, Tomorrow loans are HARDER to get than when you got one.
They will probably get even harder in the next month and the next year.
House prices are CRASHING in America, Ireland and Spain. Thats a fact.
What do you think is about to happen to the UK?
1)House prices level off and the economy has a subdued but OK year. Or.
2)House prices crash and the economy enters recession?
The banks are already deeply in trouble with Northern Rock already needing more emergency loans than the total cost of Trident. There will be more to come.
Your chances of getting a £40k loan for flying training to get a job as an airline pilot with airlines going bust left right and centre are small. For reference, see 2008.
Cheers
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