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Debate House Prices


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Minimum house price quandary

Gorgeous_George
Gorgeous_George Posts: 7,964 Forumite
Part of the Furniture Combo Breaker
edited 17 February 2010 at 10:11PM in Debate House Prices & the Economy
I want to buy a house for £46K that sold in 2007 for £90K (offer accepted). Some of my cash is tied up at the moment so I need a mortgage.

NatWest only lend to houses worth £50k, Principality £60K and Whiteaway Laidlaw Bank an astonishing £125K. If prices really do crash, they won't lend to anybody :rotfl:

So, at peak I could have borrowed more than the house is now worth but now I cannot borrow half of what it is currently worth. No wonder the banking system collapsed - it's run by idiots.

Guess what, I can borrow what I need on balance transfer credit cards - but I won't.

GG
There are 10 types of people in this world. Those who understand binary and those that don't.
«134

Comments

  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    How is your public funded pension doing?

    Invested my money well?
    Not Again
  • silvercar
    silvercar Posts: 50,681 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Try a building society with low local house prices.

    Or buy for 50k with a cash back on completion to the vendor:)
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • treliac
    treliac Posts: 4,524 Forumite
    M.S.E_Most_Wanted wrote: »
    I am a big fan of yours but 2 things here.
    1 you are telling lies.
    2 Quandary.

    Are you a fan of mine?

    I thought of you today. I was on a dual carriageway and about to overtake a van, when he pulled out infront of me.

    I looked at him when I eventually got to overtake. Cheeky bu!!er .... he blew me a kiss!!
  • treliac
    treliac Posts: 4,524 Forumite
    edited 17 February 2010 at 9:33PM
    M.S.E_Most_Wanted wrote: »
    I was......

    Oh woe...... sob, sob.


    ...
  • treliac
    treliac Posts: 4,524 Forumite
    M.S.E_Most_Wanted wrote: »
    Often think about me trel? Don't worry I have that [STRIKE]a[/STRIKE] effect on women.

    Okay, okay, truce?

    My pride lies shattered at my feet.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gorgeous_George wrote: »
    I want to buy a house for £46K
    Don't we all! That was the full valuation on my SO studio, on a council road, miles out of town, in about 1990!

    Can't you just write a cheque out for it? That's what I'd do :P
  • treliac
    treliac Posts: 4,524 Forumite
    M.S.E_Most_Wanted wrote: »
    It is reassuring that you can be bothered to edit your replies to me each night, It is very complimentary.

    There, that's more like it. :)

    M.S.E_Most_Wanted wrote: »
    Truce? It was you that ended it and decided to tell everyone I was pm'ing you? I mean is nothing sacred?

    Ah, I see now. Well, how about honour being restored?
  • treliac
    treliac Posts: 4,524 Forumite
    PasturesNew wrote: »
    Can't you just write a cheque out for it? That's what I'd do :P

    I'd do that too... but it would bounce.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    treliac wrote: »
    I'd do that too... but it would bounce.
    Peasant! Where are the mods when we need riff raff removing???
  • treliac
    treliac Posts: 4,524 Forumite
    PasturesNew wrote: »
    Peasant! Where are the mods when we need riff raff removing???

    You ganging up too PN? I'll go sort you out in the hot tub in a minute. :D
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