Anyone Nervous?

the_ash_and_the_oak

Dan: wrote: »

Ftbers can support current prices, and they were in 2007.

not really tbh but differing views are what makes it interesting

lostinrates

Dan: wrote: »

Ftbers can support current prices, and they were in 2007.

FTB could support and attain the levels of debt in 2007.

I think mortgages are still avaiolable for people with deposits: by bank and broker say we will get the mortgage we want. We have a deposit though. We are not trying to apply for a non-existant 100% mortgage

ad9898_3

Treadmill wrote: »

Watch the house prices go up even more sharply as STRs clamour to grab a bargain while the housing market is still at the bottom

Demand will soon overtake supply

I think the 'true' STR will not be fooled by the bounce we have seen, after all if they had the foresight to sell in 2006-2007 then it's highly likely that they understand the economic fundamentals that any HPI cannot be supported at this time.

I wouldn't call myself a 'true' STR, even so, I'm quite happy to walk by the EA window at the moment and not be the slightest bit tempted, patience is a virtue. I think a good person to ask on here is PasturesNew, she did STR and was strong enough to go against her family who told her she was nuts, it would be interesting what she thought.

MrDT

mitchaa wrote: »

Hold out for another 5-10% perhaps so good in terms of purchase value but gambling with interest rates whilst you are waiting, not so good;)

Now, or in the next 6 months anyway may be the perfect time to buy whilst IR's remain low. As soon as they start going up, any falls in the housing market will just be taken up with increased mortgage payments.

The spread between the base rate and actual mortgage rates being offered to FTB is huge.

Using purchase price of 150k, deposit of 15k, joint purchase with salaries 25k+15k, the cheapest interest rate I can see on moneysupermarket is 5.94% offered by halifax (it's a jump through hoops account holder only jobbie too). That is BR+5.44%, now that's just silly!

I doubt the spread would widen as base rate increases. Perhaps the same kind of deals as those offered now could still be found, just they'd be 5.94% where base rate is 4% (so BR+1.94%, a bit more normal).

wheresmydoshat

when 95% mortgages become readily available again, thats when the housing market will slowly start improving.

what we are seeing now is just a lull in the "worst month in decades" statistics we have been used to seeing recently.

the fact of the matter is you need FTB's in order to help get the market going again, and most will only have 5-10% deposits.

we're holding. for now.

mewbie_2

Anyone Nervous?

I was a bit yesterday, but feeling better today.

Yakubu22

Treadmill wrote: »

Watch the house prices go up even more sharply as STRs clamour to grab a bargain while the housing market is still at the bottom

Demand will soon overtake supply

Can I have whatever you're on?

Yakubu22

Dan: wrote: »

Is anyone getting slightly nervous from holding out buying?

Are we now at the bottom of this recession?


Has Gordon done it?

I'm not even remotely nervous. As for Gordon, I dont see how he could possibly take the UK out of the worst recession for generations in less than 12 months.

I think this could be the eye of the storm

Dan:_4

mewbie wrote: »

Anyone Nervous?

I was a bit yesterday, but feeling better today.

Glad to hear it mewbs. Yesturday denial, today acceptance following a massive 2.6% rise.

Graham_Devon

I think we need a new thread.

"Anyone desperate".