PPRuNe Forums - View Single Post - Growing evidence that the downturn is upon us....
Old 1st Jul 2008, 11:25
  #983 (permalink)  
chris-squire
 
Join Date: Nov 2003
Location: Top Draw, Right Hand Side
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HSBC Loans stopping.......

The only way this will happen is if house prices fall to a level that means any security over the loan becomes a bit shaky. As long as HSBC's money is safe I rekon they'll carry on with it, the amount of money they make out of those loans vs the risk that they face with them means that it's only logical to carry on. However it wouldn't surprise me if they some how changed the way that the loan scheme works. Perhaps they'll reduce the amount of money on offer or maybe shorten the repayment term. Who knows. One thing is for sure....the next year or so looks to be pretty interesting for everyone connected to aviation!

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