 "home, loan, home loan, interest, property, luxury homes, real estate")
The tussle between bankers and borrowers is an age-old story. In the early days of my career as a retail banker, I used to sit across the table with defaulters who dared me to do whatever I liked, but they wouldn’t pay. They had the comfort that despite defaulting and being pursued for repayment, they could continue borrowing from other banks and lending institutions. Banks, consequently, made all customers pay (as an insurance for defaulters) by raising rates. In other words, good borrowers paid for the misdeeds of the bad borrowers.
This changed when an Act of Parliament allowed setting
