FTB's End Hibernation, Return To Market...

HAMISH_MCTAVISH

Spring is traditionally the start of the house-buying season and the new stamp duty breaks could make it one of the busiest in recent years.
In the Chancellor's Budget last month he raised the stamp duty threshold for first-time buyers from £125,000 to £250,000 before you have to pay the 1 per cent rate.


This exemption lasts for two years and is expected to encourage a raft of young home-buyers into action. Moneysupermaket.com, a financial comparison website, has seen a 15 per cent rise in first-time buyers logging on to look at mortgage deals.

Hannah-Mercedes Skenfield, at moneysupermarket.com, said: "There has been much debate over the past week as to what impact Darling's measures will have on the housing market, and while the jury's still out on that one, it's clear that those most affected have welcomed it if numbers to our site are anything to go by.

"Having just had one of the busiest weekends of the year for house-hunting, the first-time buyer could well be back out after months of hibernation."

This was backed up by Melanie Bien, director of mortgage broker Savills Private Finance, who said: "Easter is traditionally the busiest time of year for the housing market and the Chancellor's stamp duty exemption for first-time buyers has provided a further boost.

"We have seen a pick up in inquiries from first-time buyers keen to take advantage of the tax break and buoyed at the prospect of saving up to £2,500."

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/7557705/The-first-time-buyer-has-come-out-of-hibernation.html

Looks like the "buyers strike" on hpc is having absolutely zero impact.:rotfl:

FTB's returning to the market is good news.:beer:

doire_2

Moneysupermaket.com, a financial comparison website, has seen a 15 per cent rise in first-time buyers logging on to look at mortgage deals.

:rotfl::rotfl::rotfl::rotfl::rotfl:

Please stop Hamish my sides cant take anymore!!!!! What a thread title!!!! :rotfl::rotfl:

Graham_Devon

Logging on to LOOK at deals.

Not returning. LOOKING.

I looked the other day as part of research for this damn place....I must be returning to the market!

Conrad

Prices will be up another 8% by the end of this year. As always the uber bears miss the bottom.

doire_2

Graham_Devon wrote: »

Logging on to LOOK at deals.

Not returning. LOOKING.

I looked the other day as part of research for this damn place....I must be returning to the market!

I look at brand new porsche's all the time.....pity i cant afford one

andykn

doire wrote: »

I look at brand new porsche's all the time.....pity i cant afford one

Exactly, no trend there, there is here.

ruggedtoast

And from the same page:

http://www.telegraph.co.uk/finance/personalfinance/7543115/Consumers-return-to-bad-habits-as-debts-rise.html

Consumers return to bad habits as debts rise

Consumers' focus on repaying their debts has proved to be short lived with borrowing levels rising sharply during 2009.

"The credit crunch appeared to have a dramatic 'shock' effect on the public, who were jolted into paying off their debts, but it appears this has failed to effect long-term borrowing and savings habits.
"There is no indication that we will see an improvement of financial behaviour in 2010."

Really2

ruggedtoast wrote: »

And from the same page:

http://www.telegraph.co.uk/finance/personalfinance/7543115/Consumers-return-to-bad-habits-as-debts-rise.html

Home Equity Withdrawal was -£4Bn for the last 1/4 so home owners are still overpaying.

doire_2

andykn wrote: »

Exactly, no trend there, there is here.

So this "made up 15%" have never looked at mortgages before?

Please dont tell me you are trying to defend the OP awful post! :eek:

HAMISH_MCTAVISH

doire wrote: »

I look at brand new porsche's all the time.....pity i cant afford one

And yet strangely, Porsche haven't felt the need to reduce their prices to a level where you can afford one.;)

Pretty sure there's a lesson for you to learn in there somewhere......:D

Graham_Devon

Really2 wrote: »

Home Equity Withdrawal was -£4Bn for the last 1/4 so home owners are still overpaying.

Not withdrawing is hardly the same as overpaying!!