Land Reg Nov -0.6%

Percy1983

HAMISH_MCTAVISH wrote: »

The ongoing discrimination against FTB's by the banks.

Mortgage rationing hurts the young and the poor the worst.

I would have to disagree.

Firstly the 'poor' can't afford a house however it goes to which the only cure for them is free for all mortgages and lower prices (Which currently can't go hand in hand).

So as a relatively young peson looking to jump in I see the 'rationing' as a good thing as its a return to sense.

Yes if the free for all 100%+ mortgages where available to all, we could buy now (we could have bought before now) and the competition will keep ramiping the prices up, but the current system means we have had to clear any debts and budget well to get a deposit together, in turn I know this will actually make our position stronger for the future and it has kept house prices down while we have done this.

As I say its not rationing, its a return a sense, yes if they started asking for 50% deposits etc I would agree its gone to far but there is current 10% deals (not the best rates I agree) but they are there.

RenovationMan

reef wrote: »

The sales volumes by price range make interesting reading:

For England and Wales (YOY: Sep 09 / Sep 10):

£50,001 - £100,000: -12% (6,809 vs 7,741)
£100,001 - £150,000: -16% (11,854 vs 14,047)
£150,000 - £200,000: -12% (11,325 vs 12,797)
£200,001 - £250,000: -2% (9,068 vs 9,245)

While at the same time £250,000 - £2,000,000+ are recording large rises with double digit increases for each level above £400,000. Similar figures in London too. Whats causing that then?

Thanks for this. My house was bought for £450k, reduced from £475k, and was on the market for over a year before I bought it in May 2010. According to the YOY LR figures in my area, average house prices increased overall and houses in my price range have increased in value by 11%!

Wow! I'm like some sort of investment genius or something!! :cool: