Cml: mortgage approvals plummet in April!

Henry_P_Chester

Blacklight wrote: »

Do you camp 'in your local area' (whatever that means) for several months at a time asking everyone who's going in and out of houses with for sale signs if they're a first time buyers

it's not hard to tell the difference between a 1 bedroom starter home/flat and a 4 bedroom house. It's also plain to see that the former is sticking.

35% of those buying are first time buyers by your own submission. You're clutching a straws man.

yep, the lowest level since 2007 and we all know what happened in 2007 don't we backlight?

Emy1501

Blacklight wrote: »

Do you camp 'in your local area' (whatever that means) for several months at a time asking everyone who's going in and out of houses with for sale signs if they're a first time buyer?

35% of those buying are first time buyers by your own submission. You're clutching a straws man.

FTB market is really slow round my way unless your property stands out from the crowd and you are willing to put it on at a price to sell. I know sellers of flats who have been struggling to sell for months now. FTB house market is not to bad but flat market is dying a sorry death.

Also Rightmove survey for beginning of year predicted FTB numbers would fall this year.

I have been saying for months now that the bank of M&D and the STR club would start to dry up in due course. Seems its starting already.

chucky

Emy1501 wrote: »

FTB market is really slow round my way

quelle surprise

Emy1501 wrote: »

I have been saying for months now that the bank of M&D and the STR club would start to dry up in due course. Seems its starting already.

the same percentage of the FTB market is buying as it has been for the last 8 years...

you really need to look beyond the headline of the story...

bear1969

nnooooo wayyyyyy houses are selling like hotcakes up here prices up year on year etc ,never happen someone will step in and fill that small hole in the mortgage loans market

Emy1501

chucky wrote: »

quelle surprise


the same percentage of the FTB market is buying as it has been for the last 8 years...

you really need to look beyond the headline of the story...

I'm comparing to last year. I notice 2009 was missing from your figures any reason why? For me prices rose in 2009 because of Bank of M&D, STR and people with lots of cash investing as their cash was not worth alot in the bank. Things are changing now.

No point relating to years when the BTL market was happy to pick up what the average FTB was not interested in.

Emy1501

chucky wrote: »

quelle surprise


the same percentage of the FTB market is buying as it has been for the last 8 years...

you really need to look beyond the headline of the story...

I'm comparing to last year. I notice 2009 was missing from your figures any reason why? For me prices rose in 2009 because of Bank of M&D, STR and people with lots of cash investing as their cash was not worth alot in the bank. Things are changing now.

No point relating to years when the BTL market was happy to pick up what the average FTB was not interested in or could not afford.

chucky

Emy1501 wrote: »

I'm comparing to last year. I notice 2009 was missing from your figures any reason why?

best ask your buddies from HPC.co.uk who only seem to put selected information related to house prices
http://www.housepricecrash.co.uk/graphs-ftb-percentage.php

comparing to when the economy is in the middle of the deepest recession since the 2nd world war is really a good way to go about at looking at the number of FTB's.

Henry_P_Chester

chucky wrote: »

best ask your buddies from HPC.co.uk who only seem to put selected information related to house prices
http://www.housepricecrash.co.uk/graphs-ftb-percentage.php

comparing to when the economy is in the middle of the deepest recession since the 2nd world war is really a good way to go about at looking at the number of FTB's.

Biggest recession since WW2 yet there were STILL MORE FTBs than now.

Lowest since 2007. Re read the op.

HAMISH_MCTAVISH

chucky wrote: »

he definetly is

looking at the HPC bible that HPC.co.uk is... they've got the average % of FTBers at 34% in recent times. a movement up to 35% indicates that there are more FTBers.

Q1 2008 38%
Q4 2007 36%
Q3 2007 34%
Q2 2007 35%
Q1 2007 36%
Q4 2006 35%
Q3 2006 35%
Q2 2006 36%
Q1 2006 38%
Q4 2005 38%
Q3 2005 38%
Q2 2005 39%
Q1 2005 30%
Q4 2004 30%
Q3 2004 28%
Q2 2004 28%
Q1 2004 30%
Q4 2003 28%
Q3 2003 28%
Q2 2003 31%
Q1 2003 33%
Q4 2002 39%
Q3 2002 38%
Q2 2002 37%
Q1 2002 40%

it's very nice of you to bring us some good news Henry that more FTBs are buying than the recent average...

i don't think Henry really knew what he was posting...

He never does.

Generali

chucky wrote: »

best ask your buddies from HPC.co.uk who only seem to put selected information related to house prices
http://www.housepricecrash.co.uk/graphs-ftb-percentage.php

comparing to when the economy is in the middle of the deepest recession since the 2nd world war is really a good way to go about at looking at the number of FTB's.

TBH, I think right now the best thing is to compare current numbers with pretty much anything to do with economics against the number from 1, 2 & 3 years ago.

The economy fell off a cliff, to measure the rebound against that might help you make a debating point (I don't mean you chucky, just you as in everyone) but it isn't very helpful if you want to try to find out what is going on.

I can feel a poll coming on.