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HelpWhereIcan

MissMoneypenny wrote: »

I think the 100% mortgages will return when the market has bottomed out. Mortgage lenders want buyers to put in a deposit at the moment, because the housing market is crashing and lenders would rather that the buyer lose their own money, instead of theirs.

I don't think we will see a return to the 125% mortgages for a very long time (
if ever), too many lenders have got/are going to get, burnt fingers

I entered Financial Services in early 1995.

I remember listening to radio 5 a few months before that and hearing a pundit claiming that there would never be a return to the irresponsible lending of previous years.

The problem? 100% mortgages, sub prime mortgages, mad income multipes, lax underwriting standards, the Americans coming and leaving when things got tough .... Sound familiar?

The point is that we have been here before, will be here again and that is what professional investors know.

They don't get caught up in the euphoria of the irrational bull run, but neither do they sink to the depths of the uber bear predicting the end of all.

"It's different this time" is the cry at both the peak and the trough. What you can never know for sure is the distance between the two.

IveSeenTheLight

neverdespairgirl wrote: »

Rents are on the downward path at the moment, though.

...........in some areas i.e. London.

dopester

IveSeenTheLight wrote: »

...........in some areas i.e. London.

And many other areas of the UK.

In fact rental values are showing signs of crashing in many a place.

IveSeenTheLight

dopester wrote: »

And many other areas of the UK.

In fact rental values are showing signs of crashing in many a place.

got a link for this?
I'd like to check out the figures a bit more.
Its strange that individual brackets are all showing down but overall it's slightly up

I know a 3 bed house in the same street as I rent out a 4 bed house only last month was rented out for the same price as I rent out the 4 bed for.
this is approx a £200 pm rise on similar 3 beds in the same street.

dopester

IveSeenTheLight wrote: »

got a link for this?

http://www.nestoria.co.uk/aberdeen/property/rent

However if you look at the graph... there have been variations through the past year at around the same level. So probably nothing to concern yourself with.

IveSeenTheLight

dopester wrote: »

http://www.nestoria.co.uk/aberdeen/property/rent

However if you look at the graph... there have been variations through the past year at around the same level. So probably nothing to concern yourself with.

I'm not concerned due to the source.

• The link you provided only shows advertised prices, not actual rental prices
• The link you have provided does not show the current rental properties. I know some that are for rent but not on your links options.
• It does not show how 1, 2, 3 & 4 bed all are showing an averge drop in the last year but encompassing all properties is showing a slight rise
• From my experience the figures are way too high. £577 average for a 1 bed and £906 average for a 2 bed :eek: .

Even the website stated

How reliable is this data?
Our database has over 450,000 properties across the UK to buy and rent. We spend a lot of time and effort to weed out bad listings like spam, properties that are already sold, etc. But we're not perfect. So you should see these numbers as snapshots of average asking price at some point in time, not cold hard facts.