Reposessions fall to two year low, mortgage arrears also decreasing

Procrastinator333

chucky wrote: »

btw did he say that he was happy that repossession numbers had fallen?
i think not...

Did you? Nope.

IveSeenTheLight

brit1234 wrote: »

So they start falling when interest rates have been slashed to 0.5%. What happens when rates go up, BOE members have started voting now for increases.

Also the Labour government put the banks under preasure not to reposses before the election. Be interesting to see what happens now after the election.:doh:

It was singular, not plural.
Member, not members.

We've seen this before, let's see what happens next month and the month after.

I've got a feeling of de-ja-vu or groundhog day syndrome coming on

RenovationMan

I need low interest rates for the next 3 years, so I'm hoping that the chappie who voted for raising rates doesn't receive any support in next month's meeting. I would imagine that he will continue to vote for increases or he'll lose face, and perhaps one or two may join him.

Fingers crossed that the BoE sees sense and realise that I'll be in trouble if rates go up to far, too fast! Damned bankers!

doire_2

chucky wrote: »

the usual frothers society is not happy that repossessions have fallen.

how pathetic :eek:

...

While bulls rejoice in high house prices and therefore the young generation being priced out of owning a home

System

brit1234 wrote: »

http://news.bbc.co.uk/1/hi/business/10388674.stm

As evidence outways Bullish standpoints increasingly now some seem now to result to nasty coments as they can't win the argument anymore.

Joeskeppi I forgive your last coment

Ignorant then. That's 1 person, singular.

IveSeenTheLight

doire wrote: »

While bulls rejoice in high house prices and therefore the young generation being priced out of owning a home

Not everyone is priced out.
There are still FTBers.

I sympathise with some areas that do find it tougher and more expensive, but that's their choice.

Maybe a dose of realism and understanding that they need to re-evaluate what they can afford.

I saw a short clip of LLL the other day and noted that the woman expected a certain house in a certain area.
It seemed that she finally succumed that after three years of searching that they needed to look at alternative areas.

chucky

doire wrote: »

While bulls rejoice in high house prices and therefore the young generation being priced out of owning a home

apart from one or two users on here that do it to wind people up - it's all a figment of your imagination in the fantasy world that you live in.

DaddyBear

IveSeenTheLight wrote: »

Not everyone is priced out.
There are still FTBers.

I sympathise with some areas that do find it tougher and more expensive, but that's their choice.

Maybe a dose of realism and understanding that they need to re-evaluate what they can afford.

I saw a short clip of LLL the other day and noted that the woman expected a certain house in a certain area.
It seemed that she finally succumed that after three years of searching that they needed to look at alternative areas.

That episode was set in my locality. She and her husband were living in a dream world. They had been looking for TEN YEARS and seemed to thing that Phil and Kirsty were going to find them a bargain. They obviously hadn't realised that Phil and Kirsty don't do bargains and think that 1% off the asking price is a great result.

doire_2

chucky wrote: »

apart from one or two users on here that do it to wind people up - it's all a figment of your imagination in the fantasy world that you live in.

OK so bulls dont want prices to go up forever? .

RenovationMan

doire wrote: »

OK so bulls dont want prices to go up forever? .

Is a bull another name for a householder? If so, then I would think that all bulls would want house prices to rise forever. I dont know many people who pay a fortune for an item and actively hope that it loses value.

Now that I've bought my forever-home, I'd be happy with constant increases in house prices. I'm using my current home as part of my pension as I'll be downsizing when I retire to release tax free equity that I can then use to buy a smaller home, and invest the remainder to provide a retirement income alongside other pensions and ISA investments. This wont work if house prices dont increase.