UK 07:42 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A wide ranging podcast today from my rather cold garage in Bristol. Why oh why cant I be in Greece? In today's issue I sart with the disgraceful antics of the directors of AIM casino shocker The Hotel Corp (HCP) and Shore Capital. Pledge your support to Marcus Yeoman marcus@springtimeconsultants.co.uk now! Then I turn to Oxford Instruments (OXIG), SQS Software (SQS) which gets a major doing over, Fitbug (FITB), Tern (TERN) and M Winkworth (WINK) where my thoughts are more about UK house prices than about the company itself.
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Comments
Jason
Impact on mortgages from even small rises will be profound.
For a number of years maximum lending has been based on affordability rather than an income multiple. The problem is mortgage payments at low interest rates are affordable / very cheap so maximum loans available now are actually larger than the 3-4x multiples previously lent during last housing bubble. As an example when I ran my own income through one building society’s model (which has a reputation as being a pretty cautious lender) I could borrow almost 5.5x my income.
If borrowers have stretched themselves that much just to get a foot on the housing bubble ladder they will be in the brown stuff up to their neck with even very modest 1-2% rises.
J P Spaghetti
“If borrowers have stretched themselves that much just to get a foot on the housing bubble ladder they will be in the brown stuff up to their neck with even very modest 1-2% rises.”
Absolutely, and not before time (I’m not given to schadenfreude but if they’re under 30 and haven’t ‘paid their dues’ in this respect I’ll have little sympathy)…