Nationwide - up 0.9% MoM

Kenny4315

Dan: wrote: »

Where is Carolt today?, she couldn't wait for these figures to be released yesturday?

funny that isn't it ..... :rolleyes:

Wookster

JonnyBravo wrote: »

Did you not read the end of my post or did that give you the idea?
Typical blinkered inability to discuss the variety of measures and how they all vary slightly.

Whatever.

Hahahahaha how would you describe 5.5X against a long term average of ~3.5X as being "close"? Its wildly different!

Really2: Not sure where one would find figures on what property is bought on but I did use average figures as these give a more median view.

StevieJ

ad9898 wrote: »

Once I've bought, the chances are I won't post here anymore, as the information taken from most of the posters on here will have done it's job (of which I am thankful for), what would be the point, once the Title Deeds are in my hands house prices will cease to be of relevance to me.

Rubbish, you are an addict :cool:

Graham_Devon

Really2 wrote: »

Graham look at the nominal prices. What is the point of waiting for the inflation adjusted bottom ?

You could pay your mortgage off 5 years earlier.:eek:

Its up to you but that graph is misleading you of where the bottom will really be.

Yer, I'm not sure. See what your saying. But ultimately, base rates can only go one way now, which will mean mortgages become harder and harder to get.

When interest rates have never been so low, I really would hope people could get on with buying, otherwise we have no chance in this country!!

But they will go back up at some point. And when that happens, all those people loving it at the moment, will be squeezed again, AND have neg equity. All the buyers will be squeezed again, as the £500 per month payment they could possibly get a fix on now, won't exist and will be back to a £1000 per month payment, meaning they can't afford to buy a house again.

Which will mean falls all over again.

One thing, which I hope most of the population realises, is actually, if your on a tracker at the moment, you have never had it better, and possibly will never have so much disposable cash again.

StevieJ

chucknorris wrote: »

I for one will still be here in 10 years (and beyond) unless a better website appears (which I think is unlikley). It's important to keep in touch with what's going on and a forum like this is ONE of a few good ways of doing that

Don't temp fate :cool:

Really2

JonnyBravo wrote: »

Show me where you can get 0.5% IR on a mortgage for a FTB

To Late I got my .49 BOE tracker in October.;)
But you know what I am saying the low BOE rate is to counter deflation so if defaltion happened you would be on a low rate.

I think First direct SVR is 2.69 at the moment.;)

lostinrates

JonnyBravo wrote: »

Show me where you can get 0.5% IR on a mortgage for a FTB

we're looking at 3%. I thought that was quite good.

chucknorris

StevieJ wrote: »

Don't temp fate :cool:

LOL I never thought of that, I will rephrase then:

all being well healthwise I will still be here

JonnyBravo

Wookster wrote: »

Hahahahaha how would you describe 5.5X against a long term average of ~3.5X as being "close"? Its wildly different!

Really2: Not sure where one would find figures on what property is bought on but I did use average figures as these give a more median view.

No of course I wouldn't but then I dont agree it is simply a case of comparing that stat alone.
a) Is it currently 5.5x?
b) What proportion of households now have 2 incomes compared to the "long term average"?

I could go on... but yet again your inability to discuss anything in an adult and reasonable manner means there is little point

What is it you said??

Hahahahaha

:cool:

Really2

Graham_Devon wrote: »

Yer, I'm not sure. See what your saying. But ultimately, base rates can only go one way now, which will mean mortgages become harder and harder to get.

When interest rates have never been so low, I really would hope people could get on with buying, otherwise we have no chance in this country!!

But they will go back up at some point. And when that happens, all those people loving it at the moment, will be squeezed again, AND have neg equity. All the buyers will be squeezed again, as the £500 per month payment they could possibly get a fix on now, won't exist and will be back to a £1000 per month payment, meaning they can't afford to buy a house again.

.

Mis-conception at the mo.
Mortgage rates are high compared to BOE rate.

I would buy when rates start to ease a bit or long term fix now.

Mortgage availability will improve in the future not decrease.