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Bradford & Bingley report on BBC website...
http://news.bbc.co.uk/1/hi/business/7345171.stm Bradford & Bingley has denied reports that it is planning to go to the market to raise extra cash to see it through the credit crisis. Sunday papers said Citigroup had been asked to help with a rights issue to raise hundreds of millions of pounds. But a statement from the…
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The new BTL ........
http://news.bbc.co.uk/1/hi/scotland/edinburgh_and_east/7332817.stm Buy, Torch and Leave? (sorry, nicked of HPC website). :p
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So, how desperate for business is your EA?
Well, maybe I should have said Realtor, but.... http://www.youtube.com/watch?v=bZXbZDbCze8
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Sunday Media
Some excellent articles coming through today, sprinkled with the usual shoddy writing from The Times. Christ, that broadsheet has gone downhill... Guardian - Government fiddles while price of houses burns Guardian - Living in a bubble didn't make us rich David Smith - Economic UK/The Times Are those really the words of…
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Houses about to crash
For sure. Link :) GG
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Naughty lenders not passing on rate cuts? Brown says he'll intervene
Reuters - Brown vows steps to pass on rate cuts Mr. Bean is getting pretty desperate now, and the clunking fist will be shaking once again*. And why didn't he step in when rate rises were not passed onto savers? * YouTube - Gordon Brown shaking in fear
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a sign EA's are getting desperate??
I was registered with a few EA's to look at houses some months ago......today I got a text and an e-mail from one EA saying "You were previously on our books looking for property! Interest rates have dropped, and vendors are taking low offers. Great time to buy! Call us now!" Do you think they are getting desperate?? I…
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French and other country price history
I know about the housepricecrash website giving UK property price graphs. I'd like to compare it with historical data from France and other countries, anyone got some good comparitive sources?
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How much will HMG lose?
Her Majesty's Government rakes in loads of money in stamp duty, VAT on EA fees etc. How much will the housing market slowdown cost the Exchequer (or rather, the taxpayer)? GG
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Overpay or save?
Hi, My apologies if there is already a thread for this. I have a flat which I bought in May of last year with a deposit of 5%, on a 5 year fixed rate mortgage over 35 years. My 'friends' are taking great delight in telling me how much money i'm going to lose due to the impending house price crash.:mad: I'd like some advice…
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Property bee updates/
All, I update property bee using the "24 hour email update" system.. whereby I receive an email every day from rightmove and manually click the 4-5 pages of new/updated listings... this way i catch the reductions in my price/area range. Last two days I have noticed quite a dramatic increase in new/updated houses... quite a…
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interesting house price website inc. price estimator
I recently stumbled across this house price website that contains the usual info of previous sale prices etc, but also estimates current house prices. I am not sure what methods they use to do this, I am guessing local growth figures for the area plus a number of other local and national figures and then they apply it to…
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Calculate whether buying financial makes sense for you
I've knocked together a spreadsheet which attempts to calculate whether buying a house makes financial sense. It takes account of: your budget (initial and monthly); mortage, solicitors and other fees (including the cost of remortgaging on a regular basis); insurance and maintenance; rental costs; inflation; extra…
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HSBC - Gives with one hand, takes away with the other.
A lot of jubilation from the 'let's hope houses get even more expensive and unaffordable' crowd during the week when HSBC offered to take on remortgage customers at their existing rates (of course, caveats such as 80% LTV, 2 years only fix, offer available for five weeks only, hefty arrangement fee not really talked about…
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Is anybody out there actually buying?!
oh i'm in a quandary* :eek: *thanks for the spelling correction :) we sold our place last september. after 6 months of waiting for probate to come through on a place we were buying we had to pull out of the purchase and move to rented as we got a good price for ours. we now have 90k in high interest accounts and have been…
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Cash in the bank - what would you do?
Hi there, I guess this is a "what would you do?" post. :-) I posted back in September when my wife and I were planning to go abroad for at least 6 months, and were trying to decide whether to a) rent out our house, b) sell and bank the money we'd made, or c) sell and buy a small flat outright to let while we are away. Well…
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local property threads? - opinions please
Taking on board valid criticism that house price trends vary hugely from region to region, and remembering back to threads within the last year or so concerning certain specific areas (W. London, for example), what do others think about starting threads (possibly stickys?) on specific areas? Given that we now have a whole…
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How to respond to falling house prices - FT
http://www.ft.com/cms/s/0/d2a0f6b8-0715-11dd-b41e-0000779fd2ac.html?nclick_check=1 Very sensible assessment by Vince Cable. Shame there's not a cat in hell's chance of the Lib Dems getting in......
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So how many of you have sold up or are selling up?
What with all this talk of crashes i was wondering how many of you have sold your places and are looking at sitting on a few quid..i mean as you know now what is going to happen in the future you must have known a while back and jumped in while you could? So how many are renting and then picking up a 'bargain' when the…
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Bigger boom, bigger bust! What's the point?
Sorry, not a comment on breast enhancement...! Mania is what it is! I'm speaking as someone who was stung by the last mania in the late 80's/early 90's....I fell for Maggie's 'Buy Buy Buy' policy and, a mere three years later, my property was barely worth half what I paid for it. I won't bore you with the stress of paying…