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Debate House Prices
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FSA advisers urge delay to mortgage reform and more 'flexible' lending
Comments
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shortchanged wrote: »And anyway I'm not referring to HA's using a shared equity scheme as that is different from private developments selling private houses and offering a shared equity scheme.
Not aware of that happening I thought it was always a HA that owned/ manged the other half.
Got any developments where it is building companies owning &managing the rental.
PS graham is in a shared equity house.0 -
Is it all price?
Well price makes a hell of a difference to the long term affordablity of a house because the lower the purchase price the smaller the mortgage and the lower the risk to fluctuating interest rates.0 -
Prices would have to fall a lot to make a 25% deposit be the same amount as a 5% deposit in the boom.
Sorry to keep saying this but there is 90% LTV mortgages available to FTB'sHave my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
PS graham is in a shared equity house.
I know graham is in a shared equity house. Unfortunately he lives in an area where HPI far outstripped local wages.
Free market eh. The wealthy drive price rises and the man at the bottom has to bend over and take it up the ****.0 -
shortchanged wrote: »Well price makes a hell of a difference to the long term affordablity of a house
So do lower interest rates, but people want them to rise?
But that is irrelevent to current affordability and the demand others see should lending criteria ease slightly.
The average mortgage as a multiple to owners has hardly changed for years. I believe it is less than 4X income.
We have nearly 70% ownership perhaps that is what is unsustainable?0 -
Sorry to keep saying this but there is 90% LTV mortgages available to FTB's
And I keep saying at what rate? The average FTB house is purchased on a 25% deposit with current lending criteria.
So the demands there at the 25% level, sorry if that does not fit in with your view that 90% LTV loans are available to everyone.
Evidence backs up that 90% loans are current prohibitively more expensive compared to 4 years ago and a lot harder to get.0 -
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Graham_Devon wrote: »Nope. I'm not.
You were what happened?0 -
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Graham_Devon wrote: »I wasn't......
Oh sorry it was shared ownership, my massive mistake.0
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