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Land Registry up 0.4%
Comments
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MiserlyMartin wrote: »Am I right in saying that this is a recent new change to exclude new build and repo's etc from the LR figures? (Browns thing to make the figures look nicer?)
They exclude new builds because their analysis is done on a matched pair basis - until the 2nd sale a new build can't have a match. I thought they had always excluded repos.
You'll probably find the Haliwide have exclusions too - Right to Buy for instance is excluded from Nationwide's data - as those properties are discounted so not true market value.0 -
MiserlyMartin wrote: »Am I right in saying that this is a recent new change to exclude new build and repo's etc from the LR figures? (Browns thing to make the figures look nicer?)
No. Its always been that way.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
IveSeenTheLight wrote: »Totally agree that LR is not totally inclusive, but we are agreeing that it is more substantial than the NW or halifax.
With reference to the lag, the latest release is for July.
That's not a 3-4 month lag, so while it historically may have taken this amount of time, it seems the lag has decreased (possibly due to lower transaction numbers than previously)
Yup, I agree that it is more comprehensive and probably more accurate almost all of the time than any other measure of HPI.MiserlyMartin wrote: »Am I right in saying that this is a recent new change to exclude new build and repo's etc from the LR figures? (Browns thing to make the figures look nicer?)
No. Repossessions, probate sales and council house sales are excluded as they 'distort the market picture' (I asked the LR why they were excluded and that was their response) because there isn't a willing seller in the normal way.
New builds are excluded because they match the previous price a property was sold for with the new price. With a new build there is no previous price.0 -
This is fantastic news. Lets hope they continue the upward trend.We love Sarah O Grady0
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Brighton & Hove up 17% :eek::eek::eek:What do we do when we fall? We get up, dust ourselves off and start walking in the right direction again. Perhaps when we fall, it is easy to forget there are people along the way who help us stand and walk with us as we get back on track.0
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Brighton & Hove up 17% :eek::eek::eek:
Good result.
We'll add that to the list of places that are not 'round my way'.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I've just been looking at the BTL mortgages available, wow what a horror show! I haven't been looking long but I couldn't force myself to pay any of the rates I have seen so far, ie best at around 3.5% over base trackers, ok they are ok now but I prefer to look long (not short) term. Has anyone seen any decent BTL mortgages? I'm not interested in short term discounted mortgages I am only interested in the med-long term dealsChuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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chucknorris wrote: »I've just been looking at the BTL mortgages available, wow what a horror show! I haven't been looking long but I couldn't force myself to pay any of the rates I have seen so far, ie best at around 3.5% over base trackers, ok they are ok now but I prefer to look long (not short) term. Has anyone seen any decent BTL mortgages? I'm not interested in short term discounted mortgages I am only interested in the med-long term deals
I've left it a few months now as you are right, the deals are not very good.
I'm on an SVR now, but it's still better than new product deals.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »I've left it a few months now as you are right, the deals are not very good.
I'm on an SVR now, but it's still better than new product deals.
As we are mortgage free in our main home (plus a house that my wife owns that her mother lives in) we are probably going to remortgage one/both one of those rather than get a BTL mortgage (if we find something suitable, but we are once again on the trail of something). I would however prefer to keep things simple with a BTL mortgage, but not at such an extra cost as those currently available.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
IveSeenTheLight wrote: »I've left it a few months now as you are right, the deals are not very good.
I'm on an SVR now, but it's still better than new product deals.
A sad state of affairs.....
The banks should really stop this profiteering.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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