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TDS_2

andys15 wrote: »

I wouldn't say it was a terrible time to buy.

Certainly less terrible than one year ago, but perhaps more terrible than a year hence...?

andys15

meanmachine wrote: »

Abbey have 95% mortgages available again?

Can't seem to find any on their website...

Natwest definately has them on their site advertised. I looked on the abbey site and I could't see them, but I got the informationn from MFORM. I have just looked at the mortgage I nearly went for in Jun, when there was about 60 available. I then tried the same mortgage in Aug and there was 4 available(£6000 arrangemet fee), I have just tried now and there are 33 available(ALL ON MFORM). I have no idea what this all means, but in my own mind, if money is being made available again then who knows, not every FTB checks out this site, and yes the people on here who say dont buy, and present their facts and figures are way cleverer than I will ever be, but you aad I both know you are not the majority, and in my eyes the majority wins.

On a final note, I watch a lot of daytime telly. I cant remember the last time I saw carol vordermann and her lot trying to sell us an ocean finance loan, over the past few months it has been save save save, until today when I saw 2 mortgage adverts.

Dan:_4

jenner wrote: »

i thought 90% was the most you could get recently

Halifax, for one, never withdrew 95% mortgages.

Dan:_4

meanmachine wrote: »

Abbey have 95% mortgages available again?

Can't seem to find any on their website...

You can only get an Abby 95% mortgage if you use a broker

Dan:_4

andys15 wrote: »

On a final note, I watch a lot of daytime telly. I cant remember the last time I saw carol vordermann and her lot trying to sell us an ocean finance loan, over the past few months it has been save save save, until today when I saw 2 mortgage adverts.

Carol used to advertise the FirstPlus secured loan. They stopped lending about 6 months back.

The company is a nightmare. A good friend of mine had one of these loans and the recent settlement figure was more then the orgional loan.

adr0ck

according to the fsa the following are doing 95% mortgages

RBS
Natwest
Abbey
Yorkshire
Halifax
Tipton & Coseley
Bristol & West
Bank of Ireland
Scarborough
Clydesdale

Realy

Dan: wrote: »

You can only get an Abby 95% mortgage if you use a broker

I don't think any brokers have acess to 95% mortgages at the moment they are all direct.

StevieJ

The reduction in rate together with increased availability of 95% mortgages could see something of a surge as we approach the end of the partial stamp duty holiday next year. The saving on stamp duty is not enormous but together with house price falls could give a boost to sales as it comes to an end.

ad9898_3

StevieJ wrote: »

The reduction in rate together with increased availability of 95% mortgages could see something of a surge as we approach the end of the partial stamp duty holiday next year. The saving on stamp duty is not enormous but together with house price falls could give a boost to sales as it comes to an end.

That's a probability, however it will just be a bull trap as transactions fall off a cliff the day after the duty is re-introduced, although the government may make it permanent since they are getting virtually no revenue anyway.

andys15

ad9898 wrote: »

That's a probability, however it will just be a bull trap as transactions fall off a cliff the day after the duty is re-introduced, although the government may make it permanent since they are getting virtually no revenue anyway.

I agree. I think as more and more mortgages become available, then after xmas prices will begin to stabalize. I think they are already showing signs of slowing down. The houses coming to market now are much more realistic. The houses near me, a 3 bed on the market for an age at £250000(fixed price), 4 bedroomed come straight on the market at £250000 and sstc within days. All the 3 bedroom detached are sold as soon as they are priced around the £225000 mark, but none are selling above the £240000 mark.