MSE News: Halifax: house prices up for third successive month

the_ash_and_the_oak

Fair enough SJ - don't really read most of the threads tbh

Really2

Graham_Devon wrote: »

But thats absolutely nothing to do with what julie was saying about max of 3.5

Why would I talk about pockets of the UK!? LOL.

Wires crossed I think.

But saying you could get 7X your wage at 110% LTV from a lender you can't remember or never applied to is.:rolleyes:

Never let fact's get in the way.

the_ash_and_the_oak

Well!

Lets see if we can clear it up! Myth? or Reality?!

Can anyone find some examples from the past of...say...>4.5x salary multiples for those with 90% LTV! Lets see who can find the highest (tbf I know this is hard w
the fact that mortgage calcs won't work on archive sites)

doire_2

Dan: wrote: »

The large monthly increases we have been enjoying will slow right down, some months will be negative.

According to nationwide NI house prices have risen over 9% :rotfl:

The reality is prices in my area have not risen. I keep a close eye on the trees dont grow to the sky website as they seem much more informed

Here is the latest example
http://www.treesdontgrowtothesky.com/search/search.php?searchterm=derry&period=9999

Here is Belfast

http://www.treesdontgrowtothesky.com/search/search.php?searchterm=belfast&period=9999

So where is the 9% rise? :rolleyes:

Kenny4315

BOOM BOOM shake the room !!!

Really2

doire wrote: »

A I keep a close eye on the trees dont grow to the sky website as they seem much more informed

Not about my locality they are not.

doire wrote: »

So where is the 9% rise? :rolleyes:

UK average, they have not said it is in your area have they?

System

Graham_Devon wrote: »

It's not a myth. It wasn't small numbers of loans. Most were at higher multiples.



Thats the average.

The average of 3.5x ended in 2002.

Julie is talking about loan to salary, not house price to salary, IE factoring in deposit.

doire_2

mitchaa wrote: »

Are people still losing their jobs, having their hours cut and being asked to take pay drops?

Perhaps 6mths ago, but now? I thought this was all but done and dusted.

Recession is all but over, things are picking up. I think you've been on here too much reading drivel posted by the wishful thinking brigade. Do not believe everything you read, have you seen more homeless people on the street the last 18mths? What about mass riots, burglaries etc?

Things aren't all that bad, just on MSE they are;)

Are you taking the !!!!?

Aer Lingus just announced 800 jobs to go.

StevieJ

the_ash_and_the_oak wrote: »

Well!

Lets see if we can clear it up! Myth? or Reality?!

Can anyone find some examples from the past of...say...>4.5x salary multiples for those with 90% LTV! Lets see who can find the highest (tbf I know this is hard w
the fact that mortgage calcs won't work on archive sites)

If those loans ever appeared :rolleyes: they would have most likely been for young professionals who would be expected to increase salaries fairly rapidly.

Really2

doire wrote: »

Aer Lingus just announced 800 jobs to go.

Did they need to be done or was it to increase profits.
Are they just being a Cunning Lingus?