We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
2 million homeowners and 500,000 BTL'rs in NE if price falls hit 30%
Comments
-
There isn't to many 85% LTV BTL products now, or at least not a few weeks ago. Most are now 60% LTV or 70% LTV to get a decent rate.
Again the BTLers will have often used the equity release method to add to the portfolio, which again relates to remortgaging and not holding enough equity for a rainy day, and at present there a bit of rain around, in fact I'm off out in the garden to build myself an Ark, and round up some animals ..... Oooh s8d the animals I'll just take some birds, maybe a few great tits to keep me company .... just need to get some bird seed.0 -
There isn't to many 85% LTV BTL products now, or at least not a few weeks ago. Most are now 60% LTV or 70% LTV to get a decent rate.
Again the BTLers will have often used the equity release method to add to the portfolio, which again relates to remortgaging and not holding enough equity for a rainy day, and at present there a bit of rain around, in fact I'm off out in the garden to build myself an Ark, and round up some animals ..... Oooh s8d the animals I'll just take some birds, maybe a few great tits to keep me company .... just need to get some bird seed.
Make sure you keep the deer indoors Kenny that 'sportsman' David Cameron shoots deer for 'sport'0 -
Where is his latest visit my wife often like a nice stroll on a nice sunny day .... even when I tell her it's risky she just won't listen.0
-
amcluesent wrote: »>what have people been doing with the equity in their home to be NE if prices only drop by this modest amount ?<
MEWing. How else did they get the cottage in France, luxury 4*4 and a 'track day' Lotus Elise, Jocasta's pony, the swimming pool in the basement, plasma TV in every bedroom, 3 holidays a year, her-indoors boob-job and facelift, ...
Those £200 Tesco plasma tv's are always quoted in the mewing debates :rotfl:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Who cares what people do with their equity anyway, it's their business.
Likewise, if they end up suffering because of it - it's their problem.0 -
Everytime I read a post like this (and they appear quite often):amcluesent wrote: »
MEWing. How else did they get the cottage in France, luxury 4*4 and a 'track day' Lotus Elise, Jocasta's pony, the swimming pool in the basement, plasma TV in every bedroom, 3 holidays a year, her-indoors boob-job and facelift, ...
I always think they must just be envious of other people's lifestyle0 -
>I always think they must just be envious of other people's lifestyle<
Others maybe, not me. I'm was mortgage free at 40 and enjoy above average earnings, I just choose not to spend my money on 'bling'.0 -
Fair point Steve, but go back 3 years and they were 2k a piece.
That is what you call deflation
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Everytime I read a post like this (and they appear quite often):
I always think they must just be envious of other people's lifestyle
I always think they are living in cloud cuckoo land 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards