HUGE 10%+ year on year gains coming up...

IveSeenTheLight

chucky wrote: »

i got a 4.69% 5 year fixed. you are such a fool accusing people of making stuff up just because it doesn't suit your viewpoint.

I was looking at fixed rates as my mortgage is available for renewal in January.
At the moment I'm on BR +0.26% so was preparing to have to revert to roughly 2007 mortgage rate I was on.
However it seems my SVR is BR +1.1% so I'm only going to be on 1.6% SVR, so looks like its not worth me fixing while the rates are so low and I can keep overpaying my mortgages by more.
I'll be keeping a close eye on the future rates and be prepared to fix when I see things rise

chucky

IveSeenTheLight wrote: »

I was looking at fixed rates as my mortgage is available for renewal in January.
At the moment I'm on BR +0.26% so was preparing to have to revert to roughly 2007 mortgage rate I was on.
However it seems my SVR is BR +1.1% so I'm only going to be on 1.6% SVR, so looks like its not worth me fixing while the rates are so low and I can keep overpaying my mortgages by more.
I'll be keeping a close eye on the future rates and be prepared to fix when I see things rise

if yiu can stay on the SVR or stay on your low tracker it's a good move.

i was looking at the tracker rates but they were not great with 2.5% differentials.
i opted for the safe option which is looking good for now.

IveSeenTheLight

chucky wrote: »

When is the halifax figures revealed?
It will be interesting to see if they follow the recent trend and come out of negative YoY percentage

System

Graham_Devon wrote: »

What I did find rather odd however, is how you use Feburary as the start of the year to get the maximum YOY percentage.

Use November to November, i.e. a full YOY figure, and it doesn't work as well in your favour.

January is ignored. So were all spinning in our own way, as we all select what we will and won't use.

Oh for heavens sake, I'm sorry but this is trolling, no one can do this sort of crap on purpose.

Edit: For the benefit of others, I'm referring to the proper definition of trolling, as opposed to meaning I don't agree with something.

HammerSmashedFace

chucky wrote: »

That looks like 'half of a W' to me, and it looks to be just about peaking, no surprise really with IR's as low as they are and money printing, the issue will be, what happens next when those 2 unsustainable policies end ?

Dan:_4

HammerSmashedFace wrote: »

Twhat happens next when those 2 unsustainable policies end ?

HPI will be very small - and this is a good thing for all

chucky

HammerSmashedFace wrote: »

That looks like 'half of a W' to me, and it looks to be just about peaking, no surprise really with IR's as low as they are and money printing, the issue will be, what happens next when those 2 unsustainable policies end ?

or just a V or even half a square root. a W isn't guaranteed to happen at all.

the 2 unsustainable policies were needed not to support house prices but to support the economy.

Emy1501

I suspect we will see something like the early 90's-96 prices going up and down but mainly flat. I suspect prices will be somewhere between-5%-+5% of what they are today in 5-10 years time.

chucky

Emy1501 wrote: »

I suspect we will see something like the early 90's-96 prices going up and down but mainly flat. I suspect prices will be somewhere between-5%-+5% of what they are today in 5-10 years time.

the difference between the 90s was that there were many forced sellers that would put a strangle hold on prices - there aren't as many forced sellers so while i don't think there will be rampant HPI, i don't think that we will be between-5%-+5% of what they are today in 5-10 years time. i'd go for 40% higher in 10 years time.

Emy1501

chucky wrote: »

the difference between the 90s was that there were many forced sellers that would put a strangle hold on prices - there aren't as many forced sellers so while i don't think there will be rampant HPI, i don't think that we will be between-5%-+5% of what they are today in 5-10 years time. i'd go for 40% higher in 10 years time.

If we get well above average wage inflation then I can see it. For me even though people do not need to sell the credit is drying up. We saw this in 2004-2005 before the introduction of the 125% mortgages etc. Prices were flat and I suspect they would have remaind flat with normal lending circumstances.