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Weak mortgage lending hits UK housing recovery
Comments
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HAMISH_McTAVISH. I suggest you contact the owner of the UK house prices website so he can explain the numbers behind the approvals chart. The number of approvals required for price stability increases as more approvals are granted as the ratio of cash purchases to mortgage funded purchases changes. So the number required for complete price stability looks like being around the 75,000 level, but this also depends upon price.
Regards
LOL, I see the HPC bears are coming over in force today.
The level of approvals does indeed increase with price. But as prices have already started increasing, then the level of approvals required is clearly already there.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
van_persie wrote: »If this is the 'bump along the bottom' phase and people still can't afford to buy, I shudder to think how 'bumping along the bottom' will be in any way possible, given that banks have now returned to NORMAL lending criteria.
Another deluded poster who probably bought at peak and is desperately trying to reassure himself that the 'good times' of relentless HPI are set to return.
Well, this NORMAL lending criteria has been enough to stabilise prices. Up for 5 months in a row now.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
he must have got tired of HPC
Nah, all the prolific bulls got put on mod approval for posts, too boring to wait an hour for a post to appear.
But given the history of the site, muzzling the bulls in 03 from the old BB, 05 from the current site, and again today, the mod's level of censorship over there is a great indicator for rising prices.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »
Although judging by the lack of content and reasoning in your post, maybe not.....:D
Acually, for a geoffky post that was surprisingly detailed and informed. He doesn't have much time to post long messages as he's probably in the semi finals of the world "spot the customer in the estate agent" championships by now.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
joekeskeppi...i think you and hamish will get on very well together...both alike..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Thanks geokfefkyThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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HAMISH_MCTAVISH wrote: »Hi Geoff, I see you've posted my whereabouts over on the dark side. Nice one.
Maybe we'll get some proper debate going on over here too.;)
Although judging by the lack of content and reasoning in your post, maybe not.....:D
Hamish you are three years to late to the party i am afraid..maybe back then we could of had a decent discussion but i am afraid its game over...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Hey Hamish, how are those houses you bought at the very top of the market doing you adorable desperate little man?0
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Well, yes, but it's risen from (relatively) hardly anything to not very much more.
Exactly. The media have been making a big deal about mortgage lending rising but when it has gone down so much any little increase is being made a big deal of. We are still nowhere near where we were in 2007. It is the same with housebuilding. A Site Manager is going on about houses selling and I have said yeah they are may be selling 2 or 3 a week but compared to the 20 - 30 per week per site it is not much! Still he is still going about the green shoots!0 -
I suspect they modded you because you were basically full of !!!!!!. Boring !!!!!! at that.HAMISH_MCTAVISH wrote: »moans about modding
btw - the HPC bears didn't follow you over (don't flatter yourself) - some of us have been here a good while.0
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