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Debate House Prices
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Rate cuts passed on at last
Comments
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Yes I agree but I don't think you're going to see it in the next 6-12 months. We're most likely witnessing a massive correction that - in my opinion - will return prices back to the levels they were at before the crazy debt swapping/selling antics of the wholesale markets started.
But time will tell and everything I have said is just my opinion and everyone is entitled to theirs too of course. And I do respect differing opinions...even though it is not evident in my posts LOL
Thank you for that.0 -
Because most on here are only interested in saving and seem to despise credit. I doubt they have even had a credit card.
No credit history = bad credit history.
In my book, not having oodles of credit and a decent amount of savings is a good thing....well it used to be anyway!
It was the view that everyone had to have lots of credit cards etc that got us into this mess in the first place, high time to get back to basics and old school, spending only what you have and not what you are borrowing plus saving up for the bigger purchases (holidays, big screen TV's etc) instead of just putting it on the plastic.
It makes you feel good too! :TWe made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
No, you want to get a house at the cheapest possible price
Yes - and what sort of idiot would want to willingly pay tens of thousands more for their home than they had to?
Hello McFly, this is money SAVING expert you're posting on.
Yep - it's something I'm thinking about for a few years down when the sums add up, of course that'll depend on how I see the rental market too. If I can turn a decent cashflow and it looks like demographics will support it, I'll think about buying a BTL property.and you've mentioned a few times your planning to get into BTL when the market has bottomed. Not that im having at you for this.My argument is that everyone's circumstances is unique, it may not be fessable for some to wait a year to buy a house.
Sure - a few people will need to get one now. Most I suspect can hold out for another 12 months. Especially people who were priced out by the boom.--
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 -
Definition of a Troll: Someone who does not agree with !!!!!!?
My definition of a troll: Someone who in the course of a few hours, on a single thread implies someone is a "money grabbing scumbag" and comes out with gems like "I think your the sort of person who goes to the toliet when it's your round" all because they suggested, on a money saving forum, that people might want to save themselves possibly tens of thousands of quid by waiting for the price of said item to drop further. :rolleyes:--
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 -
In my book, not having oodles of credit and a decent amount of savings is a good thing....well it used to be anyway!
It was the view that everyone had to have lots of credit cards etc that got us into this mess in the first place, high time to get back to basics and old school, spending only what you have and not what you are borrowing plus saving up for the bigger purchases (holidays, big screen TV's etc) instead of just putting it on the plastic.
It makes you feel good too! :T
Yep. SAVING. It's the new Rock'n'Roll !!! Maybe ?:rotfl:0 -
it's childish when you blame everyone for your own plight and expect things to be given to you that most people would have to work for.
you can't buy because property prices were too high, now you can't buy because you don't want to pay fees or even raise a bigger deposit.
if your affordability isn't there, go and buy something where you can afford. simple.
dude you gotta calm down! again when did I blame everyone for your my plight???? as if I'm having one! when did I tell you I can't buy because properties were too high and when did I tell you I can't pay fees or even raise a bigger deposit? Don't be a loser and read the comments before typing utter rubbish. calm down for christ sake!0 -
In my book, not having oodles of credit and a decent amount of savings is a good thing....well it used to be anyway!
It was the view that everyone had to have lots of credit cards etc that got us into this mess in the first place, high time to get back to basics and old school, spending only what you have and not what you are borrowing plus saving up for the bigger purchases (holidays, big screen TV's etc) instead of just putting it on the plastic.
It makes you feel good too! :T
This is true.
However, your credit file will demonstrate to potential lenders how well you manage credit. The more credit cards, loans etc you have had in the past, and settled, is all postive data to lenders. (assuming you don't default of course)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.
Sounds a good rate if it was fixed for 10 years0 -
Because most on here are only interested in saving and seem to despise credit. I doubt they have even had a credit card.
No credit history = bad credit history.
I don't think that's quite right - credit history isn't like the doctrine of original sin, you aren't born with bad credit (or turn 18 with bad credit).
I agree that not having had credit in the past can affect getting it in the future, but saying "= bad" seems a bit simplistic, to me.
I have got hte impression from the mortgage board, which may not be right, that not having had credit in the past is less important for mortgages than for other types of credit.
Speaking for ourselves, we have no debt, but do have credit. We both have credit cards (cashback, paid off monthly) and also both have 0% cards as well, and contract mobiles....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
What's this? A 'spot 10 spelling mistakes' competition? :rotfl: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.
You and chucky are definitely one and the same.Krusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0
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