Halifax Hpi November 2010 -0.1%

System

IveSeenTheLight wrote: »

What's it likely to do when the -3.6% blip drops out of the wuarter?

Then I have no doubt the "smoother quarterly" figure will be forgotten about again.

sarkin1

big-freeze-puts-chill-on-londons-house-prices

Pete111

sarkin1 wrote: »

ra ra ra ra ra ra touched a nerve

*Sigh*

Yes of course you have Sarkin - but then I am desperate donchaknow


Oooo look - found what I was after!

http://www.nationwide.co.uk/hpi/historical/Q3_2010.pdf

:cool:

Graham_Devon

StevieJ wrote: »

Mortgage rates have disconnected from base rate as this does not reflect real interest rates, so the banks have to charge a premium over bank rate, when this reverses and UK base rate begins to normalise the margin over base rate should reduce. This doesn't obviously include those on very tasty lifetime trackers.

At the moment, building societies such as the Halifax are currently putting their rates up. And BOE rates have stayed the same.

I'm not so sure they will be bringing their mortgage rates down, considering they are putting them up at the moment.

sarkin1

Pete111 wrote: »

*Sigh*

Yes of course you have Sarkin - but then I am desperate donchaknow


Oooo look - found what I was after!

http://www.nationwide.co.uk/hpi/historical/Q3_2010.pdf

:cool:

Must be all the chinese, cant see anyone on a normal London wage with a UK currency that has devalued 30% competing against the Chinese yuan.

sarkin1

Graham_Devon wrote: »

At the moment, building societies such as the Halifax are currently putting their rates up. And BOE rates have stayed the same.

I'm not so sure they will be bringing their mortgage rates down, considering they are putting them up at the moment.

Not one to be pedantic, but Halifax is a government owned bank, IIR Halifax Building Society de-mutualised in 1997 becoming Halifax plc

FTBFun

sarkin1 wrote: »

Must be all the chinese, cant see anyone on a normal London wage with a UK currency that has devalued 30% competing against the Chinese yuan.

I bought in London in Q3, and I'm paid in pounds.

Pete111

FTBFun wrote: »

I bought in London in Q3, and I'm paid in pounds.

Shush now FTB - you will ruin Sarkins daydream with that kind of malicious post.

THE_GHOULISH_CODPIECE

Graham_Devon wrote: »

Not much to talk about really, is it.

Still, another fall, technically. It's certainly not a rise, by any of the measures.

variables +0.1 to -0.1 are statistical anomalies.

CRASH NEVER HAPPENED NEVER WILL. GET OVER IT AND MOVE ON WITH YOUR LIFE BEFORE IT'S TOO LATE AS YOU AND THE OTHER BEARS ARE TURNING INTO A LIVING JOKE. AND YOU KNOW IT.

Generali

Graham_Devon wrote: »

What's your thoughts on collared SVR's like I'm on?

Mines collared at 3.5%, even though I can find no reference to this in any of my reams of paperwork, and indeed, neither could anyone else on the same mortgage, based on a thread on the mortgage forum when rates fell past 1.5%.

I'm thinking that a rise to 1-1.5% would make no difference to people with my mortgage, as it's still 2% above base, which is what it always was?

Whats your thoughts on what lenders will do? They are getting 3% above base out of us at the moment, instead of the 2% above bas ethey always did get.

If you can switch to 2% above base without the collar or less then definitely do so IMO.

Personally I'd be inclined to switch mortgages anyway on the 'Rob me once, more fool you. Rob me twice, more fool me!' basis.

If they are making up T&Cs I'd run a mile.

Also, be aware that while interest rates could well remain low for a very long time, when they start to rise they may well rise quicker than many expect. 5% is 'normal' for base rates historically, closer to 7-8% since the real end of any sort of of gold standard. Rates may need to rise quickly to or even past normal if inflation starts being a problem.