Debate House Prices


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Weak mortgage lending hits UK housing recovery

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Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Another thread ruined by "bull"!!!!!! and delusions .
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mewbie wrote: »
    I suspect they modded you because you were basically full of !!!!!!. Boring !!!!!! at that.

    btw - the HPC bears didn't follow you over (don't flatter yourself) - some of us have been here a good while.


    People in glass houses should'nt throw stones.
    Official MR B fan club,dont go............................
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    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.

    So you think the lending criteria is normal icon7.gif
    '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 Thatcher
  • van_persie
    van_persie Posts: 92 Forumite
    HAMISH_MCTAVISH wrote: »
    Well, this NORMAL lending criteria has been enough to stabilise prices. Up for 5 months in a row now.

    Come back at Christmas and we'll see how stable they are.
  • van_persie
    van_persie Posts: 92 Forumite
    StevieJ wrote: »
    So you think the lending criteria is normal icon7.gif
    Do you think 125% loans and self-certs were the way forward, then?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    van_persie wrote: »
    Do you think 125% loans and self-certs were the way forward, then?

    No 90% and reasonable interest rate will do icon7.gif
    '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 Thatcher
  • van_persie
    van_persie Posts: 92 Forumite
    StevieJ wrote: »
    No 90% and reasonable interest rate will do icon7.gif
    I agree. Although the rates become less relevant when house prices themselves are more reasonable... which is precisely why people who've maxed out on huge loans to buy over-priced houses are vulnerable to even the smallest rate rises.
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