FSA advisers urge delay to mortgage reform and more 'flexible' lending

chucky

shortchanged wrote: »

I'll tell you what would be better for everyone

£130K over 25 years @ 5% = £769

Plus with the added bonus that the purchaser would need a smaller deposit in the first place.

See, everyones a winner apart from property rampers that is.

that's all lovely in lala land but it ain't going to happen...

sorry for breaking it to you...

nembot

Can't believe people on here suggest 40 years mortgages are an option, when in reality prices are just 40% more expensive than they should be.

Utter desperation to retain their personal wealth they can't even realise without selling... it makes the mind boggle.

shortchanged_2

nembot wrote: »

Utter desperation to retain their personal wealth they can't even realise without selling... it makes the mind boggle.

Human nature I'm afraid nembot. Greed.

Really2

nembot wrote: »

Can't believe people on here suggest 40 years mortgages are an option, when in reality prices are just 40% more expensive than they should be.

Utter desperation to retain their personal wealth they can't even realise without selling... it makes the mind boggle.

Hang on a minuet any thing is an option if demand is there.
If people want to take on a 40 year mortgage it is up to them, they suffer the outcome of the decision if it goes wrong.

Unless the nation is a group of brain washed lab rats.

There is more desperation to retain their personal wealth if you are happy for houses to fall but never build any new ones.(because you want to buy at the bottom and never risk losing a penny then see it boom)

The argument is providing options to get building started in my eyes so you can sustain a level house market for all.

Not "I really want them to fall to a level I can buy then F@$& everyone else?"
Which many on here seem to adopt.

Heyman_2

Really2 wrote: »

So there is a pent up demand large enough to push prices up?

Graham_Devon wrote: »

Of course there is.

But hang on....

http://forums.moneysavingexpert.com/showpost.php?p=42456388&postcount=78

Graham_Devon wrote: »

It's this part I have issue with, as really, there is no such thing as pent up demand

Come on Graham, make your mind up!

Really2

Heyman wrote: »

But hang on....

http://forums.moneysavingexpert.com/showpost.php?p=42456388&postcount=78



Come on Graham, make your mind up!

I did say I was surprised.:D

shortchanged_2

Really2 wrote: »

There is more desperation to retain their personal wealth if you are happy for houses to fall but never build any new ones.(because you want to buy at the bottom and never risk losing a penny then see it boom)

But not everyone wants to see a boom Really2.

Like myself and others have often stated on here I would be more than happy for house prices to find a natural correction and then rise in line with inflation, not double in the space of a few years.

There has been a culture in the UK mostly of late as viewing property as an investment and not what it should be, a place to live.

Really2

shortchanged wrote: »

But not everyone wants to see a boom Really2.

Like myself and others have often stated on here I would be more than happy for house prices to find a natural correction and then rise in line with inflation, not double in the space of a few years.

There has been a culture in the UK mostly of late as viewing property as an investment and not what it should be, a place to live.

But to stop a boom in house prices in terms of this debate (the belief population will increase and demand is there) you have to build more houses to stifle future demand.

So if you are happy for them to find a happy medium (like now say) you are happy for future and current generations to be priced out are you not?

Graham_Devon

Heyman wrote: »

But hang on....

http://forums.moneysavingexpert.com/showpost.php?p=42456388&postcount=78



Come on Graham, make your mind up!

In this context, with a driver (product) there would be enough demand for 40 year mortgages to push prices up.

Funny you should miss my description out of your quote....nothing has changed...

Pent up demand, is those able to buy, willing to buy, and have a product to buy. I.e. the same as demand.

We have the product now. So whta are you attempting to trip me up on? This forum get's worse.

Really2

Graham_Devon wrote: »

In this context, with a driver (product) there would be enough demand for 40 year mortgages to push prices up.

We are talking about a possible 40 year mortgage here. That could convert people sitting on the sidelines with no options into possible buyers.

When talking about it before, in another context, there was no driver to allow the pent up demand to turn into actual demand.

But you are saying if a product is there the demand is there? kind of like we have all said in the past, if people could get LTV 95% and a decent rate the demand is there still?
So any change in affordability to enable those with that demand to buy you seem to agree it would push prices up.
What happens when that level is breached?