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Debate House Prices
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Rate cuts passed on at last
Comments
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http://www.easier.com/view/Finance/Mortgages/Fixed_Rate/article-214293.html
LloydsTSB lead the way again and cut fixed rate mortgages to 4.89%. Im sure more will follow in the next few weeks.
Great time to buy a cheap house and get a cheap mortgage with it.0 -
http://www.easier.com/view/Finance/Mortgages/Fixed_Rate/article-214293.html
LloydsTSB lead the way again and cut fixed rate mortgages to 4.89%. Im sure more will follow in the next few weeks.
Great time to buy a cheap house and get a cheap mortgage with it.
I couldn't find this rate on TSB or C&G website. What is fee on this mortgage? What is the deposit required? If we are talking about cheaper mortgage then HSBC offers +0.99% BOE BR tracker (i.e. 3.99%) but you need 40% deposit. So what is the deposit required?
If you don't have enough deposit it is still not the right time for you. It is not cheaper.0 -
formulaonefan wrote: »I couldn't find this rate on TSB or C&G website. What is fee on this mortgage? What is the deposit required? If we are talking about cheaper mortgage then HSBC offers +0.99% BOE BR tracker (i.e. 3.99%) but you need 40% deposit. So what is the deposit required?
If you don't have enough deposit it is still not the right time for you. It is not cheaper.
not only are property prices the right level for you now - but you're now complaning that you can't get the deposit together now... :rotfl::rotfl::rotfl::rotfl:
you can always ask to set up a sub-sub-board "Lower House Deposit Levels"0 -
formulaonefan wrote: »I couldn't find this rate on TSB or C&G website. What is fee on this mortgage? What is the deposit required? If we are talking about cheaper mortgage then HSBC offers +0.99% BOE BR tracker (i.e. 3.99%) but you need 40% deposit. So what is the deposit required?
If you don't have enough deposit it is still not the right time for you. It is not cheaper.
I guess it will be on their website in the next few days?0 -
Be careful - prices will start to stabilise in the nect 6-12 months
I'd guess more like 18 months.
But once they've stabilised, that will be the time to buy.
There's no rush after they bottom out. Barring general inflation (i.e. wage rises to match price rises) prices aren't about to go up at anything like the rate we saw before and a couple of years of price stagnation wouldn't surprise me.
If we get actual strong inflation however, all bets are off.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
http://www.easier.com/view/Finance/Mortgages/Fixed_Rate/article-214293.html
LloydsTSB lead the way again and cut fixed rate mortgages to 4.89%. Im sure more will follow in the next few weeks.
Great time to buy a cheap house and get a cheap mortgage with it.
Interesting 'advice' Dan - do you expect that houses aren't going to get any cheaper and interest rates aren't going to get any lower then? :rotfl:--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Interesting 'advice' Dan - do you expect that houses aren't going to get any cheaper and interest rates aren't going to get any lower then? :rotfl:
It's not advice, it's an observation. If you buy a house today, does it really matter if it's worth less 6 months later? They will rise again. Not everyone is a money grabbing scumbag.0 -
It's not advice, it's an observation. If you buy a house today, does it really matter if it's worth less 6 months later? They will rise again. Not everyone is a money grabbing scumbag.
I see - my advising people that they can get a house for tens of thousands of quid less if they wait a bit longer qualifies me as being a 'money grabbing scumbag' does it :rolleyes:
You really are just here to troll, aren't you?--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
1695 I think (?)And the last time BoE dropped interest rates by 1.5% was...?
Ah no, 11 March 1981
http://www.timesonline.co.uk/tol/news/uk/article5098954.ece0 -
I see - my advising people that they can get a house for tens of thousands of quid less if they wait a bit longer qualifies me as being a 'money grabbing scumbag' does it :rolleyes:
Yes, I think your the sort of person who goes to the toliet when it's your round.
Most people want a home to live in and comtabale mortgage repayments. You want an investment and to make as much money from it as possible.0
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