Why the intolerance of other people's views?

ad9898_3

neverdespairgirl wrote: »

They are still available, for sure. But compared with, say, 12-18 months ago, mortgages are on the whole:

(1) lower loan-to-value;

(2) higher fees;

(3) higher rates;

(4) lower multipliers;

(5) much fussier about credit records.

Good post

and LandLady Lord, this from our resident barrister is game over:D

Gangstabird

I was a bit shocked there for a minute NDS but yes you are right as I have just found out in my small quest to look for a mortgage for a person with only 5% of the purchase price.

The man from del monte said no. Charcol are one of the biggest brokers in the uk and not to be messed with to be honest and I tried it a few different times. Interest only mortgages came up with a resounding no.

£20k though had them lending on a 120k building so it seems as though 20% to put down is what they are saying.

neverdespairgirl

ad9898 wrote: »

Good post

and LandLady Lord, this from our resident barrister is game over:D

Being a barrister doesn't make me right, though!

ad9898_3

neverdespairgirl wrote: »

Being a barrister doesn't make me right, though!

I know but it gave my post a bit of gravitas:D and you were right

Davesnave

londonlandlady wrote: »

I have been lurking on this forum and am appalled at how anyone with anything positive to say about house prices is immediately shouted down. House prices will bounce back, just like they always do. In fact, savvy investors are already starting to snap up bargains. A lot of people seem to be harbouring jealousy and bitterness at the financial success which has been enjoyed by canny property investors over the last decade.

Personally, I couldn't give a stuff about property investors; I buy a house as a home. Of course prices will rise again, one day.

Meanwhile, in the real world, where I live, one has the choice of selling cheap or staying put. Being in danger of entering my twilight years any time soon, I've gone for the former option. My assumption is that, regardless of money being 'pumped into' the system, our service-based, debt-driven economy will go into a deep recession next year, taking house prices down to new lows. I shall rent and hope to recoup some of the money I've 'lost' this year by reducing the price of my home. I shall buy again when I see the right place at a sensible price.

Now I may have got it all wrong, but I'm happy to take responsibility for that. What I wouldn't do, is encourage anyone into either property purchase or increasing their liabilities just at the moment. You investors can do what you like.

skap7309

horseinhatman wrote: »

actually , and i will swear on my families life, its not me!

You are a rubbish liar

johnycoldears

Cannon_Fodder wrote: »

If you can read this, you are not HITM, or have not copied your Ignore list, at least...

Google "18 year cycle in house prices"

for example; http://www.moneyweek.com/investments/property/bust-will-follow-boom---but-when.aspx

Read up on the credit crunch, the inability of the banks to fund mortgages at the levels previously attained, the NON-EXISTENCE of 2000+ mortgage products compared with this time last year.

Maybe that will begin to demonstrate the depth of the crash we are now facing.

Of course HIHM is a muppet, so you cannot possibly be he.

Lovely.

Funny how HIHM, sorry LL, never responded isn't it.

Its not particularly the sentiment that makes us think you're HIHM, it's the writing style. I'd love to see a hand writing comparison - I'd imagine that having to write with your teeth because both arms are in a straight jacket would make it a bit of a give away.

carolt

Personally, I really and truly hope the OP - whoever he/she may really be - goes ahead and takes their own advice, royally. She sounds just like the kind of person who ought to be taking risks in this market. I can't wait to hear how much she's 'made' on her purchases a year from now.

Re the auction rooms 'all being full' - ha ha ha - hilarious, given they can't shift 50% of stuff even at auction, these days!

Note to anyone else planning to follow londonlandlady's asdvice - she IS a wind-up merchant.

Use your own eyes and ears and read/listen to any news report on the economy or the housing market generally. If anyone still wants to buy then, that is up to them!

Caveat emptor!

carolt

Oh, and gangstabird- don't panic - what lenders offer in theory to buyers on their website is, as has been shown time and again from examples on these pages, to be very different to what lenders actually offer in practice.

Lenders are certainly stupid....but not that stupid..... :rolleyes:

howler_2

carolt wrote: »

Personally, I really and truly hope the OP - whoever he/she may really be - goes ahead and takes their own advice, royally. She sounds just like the kind of person who ought to be taking risks in this market. I can't wait to hear how much she's 'made' on her purchases a year from now.

Re the auction rooms 'all being full' - ha ha ha - hilarious, given they can't shift 50% of stuff even at auction, these days!

Note to anyone else planning to follow londonlandlady's asdvice - she IS a wind-up merchant.

Use your own eyes and ears and read/listen to any news report on the economy or the housing market generally. If anyone still wants to buy then, that is up to them!

Caveat emptor!

I'll second that. I hope landlordlady buys property like her life depends on it. I dont for one minute believe she will though, such nonsense has to be a wind up - if she does take leave of her sense and start buying then I hope she doesnt have anyone relying on her for their financial stability