Chance Quote by George Osborne
“We have to be pretty tough with mortgage companies and say you have got to give people the chance to work out their debts, sort out future mortgages.”
About This Quote
Source Parliamentary Speech, 2015
Mortgage lenders must be flexible, allowing borrowers to restructure debt and secure future mortgages.
In simple terms: Lenders should help borrowers restructure debt and obtain new mortgages.
Advocate for flexible mortgage policies.
Themes
Mood
Type
When to use this quote
- home buying
- debt counseling
- legislative reform
Key Concepts
Questions to Reflect On
- What incentives encourage lenders to adopt flexible policies?
- How can borrowers best negotiate debt restructuring?
Implementation may face industry resistance.