Nationwide Slashes Higher LTV Rates...

Graham_Devon

chucky wrote: »

Love that. How benefits distort things!

nearlynew

HPI will not rescue you McTittish.

HAMISH_MCTAVISH

chucky wrote: »

The lowest income 20% are clearly pensioners and the unemployed. With gross income of less than 5K per year. (topped up to 12k through benefits)

The next lowest income 20% are clearly pensioners, the unemployed, and those on benefits, with gross income of 11K per year, (topped up to 20K through benefits).

Neither of those groups are house buyers, although the pensioners may well own houses.

The next quintile is the middle group of household income, who average a gross income of around 23K and are topped up to around 25K. This is the ENTRY LEVEL of house buyers, ie, the full time employed!!!!

And as per the recent FTB price thread, they can all find the lowest rung of the housing ladder pretty much every where except London for reasonable prices.

The Next group up average 40K, and the group above average 70K.

So 40% of all households, but more like 66% of employed households, average 40K or above.

Making current house prices clearly affordable to most employed households.

I'm starting to suspect the moaners on here are either very low earners, or have champagne taste on a beer budget....:rolleyes:

brit1234

HAMISH_MCTAVISH wrote: »

http://www.ftadviser.com/FTAdviser/Mortgages/Products/News/article/20100107/26f54e7e-fb7c-11de-8fd9-00144f2af8e8/Nationwide-set-to-cut-number-of-mortgage-rates.jsp

Moving up.....

Last year 60% LTV got the best deals, then 75%, now big cuts up to 85%.

Won't be long now until 90% deals become attractive again.....

And when they do, it will unleash a huge wave of pent up demand.;)

"£99 booking fee and a £896 reservation fee.":rotfl:2 years only

Some how I think they are getting the 0.6% from else where, where could that be?

Swings and round abouts Hammish, give with one hand take with other.

HAMISH_MCTAVISH

brit1234 wrote: »

"£99 booking fee and a £896 reservation fee.":rotfl:2 years only

Some how I think they are getting the 0.6% from else where, where could that be?

Swings and round abouts Hammish, give with one hand take with other.

You may want to check the fees on the previous product priced at 0.6% higher.....;)

Graham_Devon

HAMISH_MCTAVISH wrote: »

You may want to check the fees on the previous product priced at 0.6% higher.....;)

You said it yourself, it's 0.6% higher.

carolt

HAMISH_MCTAVISH wrote: »

When long-term fixed rates are at attractive levels, prices will be well out of your reach.;)

Heads you lose, tails I win.

If rates go up, prices go down.

Sorry, Hamish.

carolt

boomerangs wrote: »

Am I the only one to wonder whether Hamish is going to really, REALLY, REALLY regret posting that picture?

sjaypink

baileysbattlebus wrote: »

I've just plugged in a joint income of £40k (£25k + £15k) into the "how much can I borrow on the Nationwide website - assuming no debts you can borrow £164k from them - the Nationwide usually don't do income multiples - they use affordability.

They also have a 90% mortgage for FTB's who have a flex account as their main account.

I'm actually quite surprised - I didn't think 90% mortgages were really available - but it's on the front of the mortgage page on their website.

http://www.nationwide.co.uk/mortgages/default.htm

Thats interesting, the woman in Nationwide said a few weeks ago if I make it my main account there are loads of perks- I didn't realise she meant mortgages though

I think up to 90% is OK, any higher than that seems irresponsible

MatteH

HAMISH_MCTAVISH wrote: »

:rotfl:

Convenient..... From a site that is closed down.

Might have worked too, until chucky proved you were full of !!!!!!.:D



Actually, I am one of the most frequent posters of links on this board.

But then again, my stats are real, versus your little fictional effort above.

O.K. i might have been mistaken, i was sure that i wasn't. I apologise.
Your stats have been proven wrong or misguided on occasion too.

HAMISH_MCTAVISH wrote: »

And as per the recent FTB price thread, they can all find the lowest rung of the housing ladder pretty much every where except London for reasonable prices.

How will they move up the ladder if that's all they can afford on decent wages & with annual hpi that is rising faster than their pay does?