Mortgage Joy to last 3 years.... No rise til 2014?

Graham_Devon

Pimperne1 wrote: »

Yes but they haven't all stayed with their parents for the duration so their rent will have eaten into their savings.

Seems to be a running theme here.

So long as someone spends more buying a house than you did, you are happy. If it looks like they will spend less, you'll find any way of proving they have actually spent more.

heathcote123

Loughton_Monkey wrote: »

I'm confused!

Who is "Morgage Joy"? And who is she sleeping with, and why did she murder someone?

I don't knew either, but I bet it has something to do with Princess Diana..

This is great news though for FTB's. It's still a bit of a punt with house prices so high, but for those with big deposits, the waters look pretty clear.

heathcote123

Graham_Devon wrote: »

Seems to be a running theme here.

So long as someone spends more buying a house than you did, you are happy. If it looks like they will spend less, you'll find any way of proving they have actually spent more.

It's always amusing when someone rises above the petty bickering and then gets dragged into it

neverdespairgirl

edinburgher wrote: »

Depends if you have a 40% deposit or not

Our LTV maximum was 75%, I think, although we did in fact have a 40% deposit. And the rate (fixed) is about 3%, just under, from memory. A couple of months ago.

peakoil_2

heathcote123 wrote: »

It's always amusing when someone rises above the petty bickering and then gets dragged into it

graham devon likes to pretend he has the moral highground with all the bickering in here but the reality is that he is at the heart of nearly every argument.

SAHD_Jim

Fixed rate deals are low atm precisely because lenders don't now expect rates to go up for some time. They are good for certainty of payment and reassurance but there is still a premium on top of the best tracker rates available.

heathcote123

peakoil wrote: »

graham devon likes to pretend he has the moral highground with all the bickering in here but the reality is that he is at the heart of nearly every argument.

i am NOT arguing, OK?

Really2

neverdespairgirl wrote: »

The owner of the Express is a !!!!!! king. Richard Desmond.

That would be an interesting royal family.
The events would have very different meanings though.

Hate to think what Swan Upping would be.:eek:

Conrad

Cleaver wrote: »

There were some flats selling in Manchester during the peak of 2007 which I can't see getting back to the same price for decades

I more or less guarantee they will have recovered within 5 years.

I really have vivid memories of the 1991 crash as I was in the business. I knew people including my Brother who were handing back keys as they were certain thier property price would not recover the losses in thier lifetime. My Brothers flat was bought for n£60k but fell to £19k and this was the norm.

If he had held out, in the event it went back to £60k within about 6 years and then on up to £110k by 2007.

Lots of folk I knew were forced to let thier places and I recall many conversations how they would never recover thier lost equity, but it all came good.

Recessionary sentiment always over shoots the bottom. I also know of plots in Abaco in the Bahamas that you could not give away in the recession but that were changing hands at hundreds of thousands of dollars in 2006.

I know it's hard to imagine, but those city appartments will rebound very well, I promise.

You need to get beyond the here and now and realise that Humans always find a way, things really do recover.

Sibley

House prices will rise about 20% in the next few years.
Average house price will be around 190k.