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Debate House Prices


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FTBs, make your voice heard. Would YOU prefer lower prices/rates/laxer mortgage rules

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Comments

  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    A return to lax mortgage lending?
    morag1202 wrote: »
    Yes. I was a FTB in 1979, needed a 10% deposit for IR of 12% (which went up to 15%) but had I had a larger deposit the rates would have been the same.

    I moved in 1990 and thanks to HPI had 50% LTV and my rates were the same as yours.

    I have 2 kids in their late 20's who want to FTB now. Neither wants to pay around 5% interest for a 90% mortgage when they know a 40% deposit would get them an IR of half that.

    Do they have the required additional 30% deposit to qualify for the 60% LTV?

    Incidently, if your interested for your kids, I see the HSBC does a 5 year fix from 3.94%
    https://mortgages.hsbc.co.uk/product/186-5-year-fixed-special
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • stringsmk2
    stringsmk2 Posts: 88 Forumite
    A return to lax mortgage lending?
    Lower prices are ideal, but that is probably not going to happen.
  • carolt
    carolt Posts: 8,531 Forumite
    Cheaper house prices
    IveSeenTheLight wrote: »
    To be fair, there are distinct differentces.

    Hamish doesn't post loaded polls or deliberately incorrect and misleading threads.

    :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:
    He does post a lot of positive house price news, which I'm sure anyone taking a long term view will find he iwll be right, unless there is a drastice change in policy such as mass building affordable homes.

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

    Ooh, you are a joker...
  • carolt
    carolt Posts: 8,531 Forumite
    Cheaper house prices
    ukcarper wrote: »
    Still no figure then

    No. Were you expecting one?
  • carolt
    carolt Posts: 8,531 Forumite
    Cheaper house prices
    How interesting it appears that many of our regulars are unable to read.

    I've seen the Light, chucky, Sibley - all appear to believe that they are FTBs and are thus able to vote on what we would like.

    Is there something you're not telling us, guys?

    Has the BTL busines been tough of late, so you've been forced to sell up and start again? :p

    I think we should be told. :D
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Cheaper house prices
    IveSeenTheLight wrote: »
    To be fair, there are distinct differentces.

    Hamish doesn't post loaded polls or deliberately incorrect and misleading threads.

    He does post a lot of positive house price news
    it is true - Hamish does post a lot of facts and figures...

    other posters who expect to be taken seriously can't back up anything they post...
    ukcarper wrote: »
    Still no figure then
    carolt wrote: »
    No. Were you expecting one?
  • carolt
    carolt Posts: 8,531 Forumite
    edited 3 October 2010 at 9:59PM
    Cheaper house prices
    What are you on about, chucky - no figure is needed.

    You're blathering on again.
  • carolt
    carolt Posts: 8,531 Forumite
    Cheaper house prices
    Up now to 32 FTBs in favour of lower prices, max 2 in favour of lax lending, and max 1 in favour of lower interest rates.

    Pretty clear conclusions.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    carolt wrote: »
    Pretty clear conclusions.

    That a loaded poll will get the result you want it to.

    Clear indeed.
    “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”
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Cheaper house prices
    ukcarper wrote: »
    Still no figure then
    she won't provide you with any figure, she never does and probably can't.

    she can never back up anything unless it's fantasy land stuff

    never mind though - she's in Lala Land...
This discussion has been closed.
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