Ftb's Are Back!!!!!!!!!!!!!!!!!!

hethmar

Well, the news on tv tonight makes me very nervous about the next year or so.

Hope your viewing goes well )

Wickedkitten

hethmar wrote: »

Well, the news on tv tonight makes me very nervous about the next year or so.

Hope your viewing goes well )

What did it say?

QTPie

hethmar wrote: »

Well, the news on tv tonight makes me very nervous about the next year or so.

Hope your viewing goes well )

Have the media gazundered me again? Even BEFORE the viewing?

I just WISH that people would make-up and know their own minds: if you are going to buy then get on and buy, if not then get the .... out of the property market until the time is right for you... :rolleyes: (when I say "you", I mean it generally and nothing to do with you hethmar... ).

Thanks
QT

QTPie

pandamonia wrote: »

anyone taking out 6% fixed for 2 years needs their head looking at

Depends how much deposit they have... I was looking at 5.39% for a 5 year fixed rate for BTL today - that didn't look too bad for BTL (not looking to BTL, but looking at the possibility of renting out our own home).

Some longer term fixed rates for regular mortgages around (with low LTVs) too...

QT

confused31_2

Wickedkitten wrote: »

What did it say?

It said why didnt you answer the question on the other thread about esate agents being busy!!!!!!!!!!!!!:p

Didnt know what to say did you#????

confused31_2

pandamonia wrote: »

This is proof that just because buyers are looking at homes doesnt mean they will buy them
http://www.thisismoney.co.uk/mortgages/mortgages/article.html?in_article_id=474591&in_page_id=58

until mortgages are back to 90% LTV and reasonable rates for people with decent credit then house prices are going to go down even further

that counts you out then has you are one of the people with a small deposit, i know its frustrating, isnt there any way you can take a extra job to earn some extra money to get a decent deposit quicker???

woody252506

pandamonia wrote: »

anyone taking out 6% fixed for 2 years needs their head looking at

Thats a sweeping statement if i ever saw one!

What about FTB who are taking that rate out and buying somewhere which means the mortgage payment is very comfortable for them to afford??

Different circumstances for different people in different parts of the country!;)

pandamonia

confused31 wrote: »

that counts you out then has you are one of the people with a small deposit, i know its frustrating, isnt there any way you can take a extra job to earn some extra money to get a decent deposit quicker???

im looking at 140k houses so 20% isnt easy for someone like me and isnt realistic either. 28k plus first home costs 10k? 38k FTB'S? doubt there are many

im saving £800 per month from next month and so is the GF but it doesnt really matter because either ill get to the market with my deposit or the market will come to me.

prices cannot be sustained with this level of lending. 90% of FTB simply dont have bigger than 10% deposits due to costs of first home.

this being the case prices will have to fall so people can afford to get on the ladder.

in my opinion prices will fall and lending will improve slowly. both meeting in the middle somewhere in the next 18 months

pandamonia

woody252506 wrote: »

Thats a sweeping statement if i ever saw one!

What about FTB who are taking that rate out and buying somewhere which means the mortgage payment is very comfortable for them to afford??

Different circumstances for different people in different parts of the country!;)

that lacks any kind of rational thinking.

fixed at 6% for two years means you pay top rate during the lowest rates on record and then get hit with high inflation rates and end up paying 6-9% since u cant remortgage through lack of equity.

you need to fix for 5 years to make it worth it

confused31_2

pandamonia wrote: »

im looking at 140k houses so 20% isnt easy for someone like me and isnt realistic either.

im saving £800 per month from next month and so is the GF but it doesnt really matter because either ill get to the market with my deposit or the market will come to me.

prices cannot be sustained with this level of lending. 90% of FTB simply dont have bigger than 10% deposits due to costs of first home.

this being the case prices will have to fall so people can afford to get on the ladder.

in my opinion prices will fall and lending will improve slowly. both meeting in the middle somewhere in the next 18 months

Maybe you are aiming to high go for a property that is not has much money, your trying to run before you can walk, why dont you buy a little flat for you and your missus for about 60,000 pound??

then you will have a decent deposit and you will be on the ladder;)

Most first time buyers dont go straight in for a 140,000 pound property, your aiming to high