New Buy to Let Boom Fuelled By Higher Rents

Percy1983

I paid my interest and kept my credit file in good order to get better deals, if somebody has trashed there credit file and can longer get decent credit why should I subsidise them?

geneer

chucknorris wrote: »

Yes I correct what I said

Translated: You were quite wrong.
　

chucknorris wrote: »

Yes I correct what I said and stand by my original statement.

Your statement responding to something I did not in fact claim.
　

chucknorris wrote: »

You said 'certainly' (leaving no room for doubt) that it is a better time to buy now.

For those who bought two flats in 2007 and don't consider profits to be real money you mean.
　

chucknorris wrote: »

You don't seem to be able to remain focused on the main issue of a topic for long (or indeed grasp what the main issue is) you always seem to run off on irrelevant tangents. I honestly don't know if you do that as a defensive mechanism to create a smoke screen or whether you are just incapable of seeing what the issue is.

A very ironic comment coming from a poster who chose to interrogate me about my employment history, my educational background and.....good lord, actually challenge me to a game of online chess, rather than admit his error and restate his argument in more appropriate terms.
　

chucknorris wrote: »

To remind you the issue is 'Is now certainly a better time to buy property than in 2007'

This being a strawman statement that no one actually made.
　

chucknorris wrote: »

The asnwer is no, not necessarily because if the mortgage is a lifetime (or very long term) tracker it would work out cheaper to buy in 2007, therefore you were wrong.

Wrong about the statement I never actually made?
　

chucknorris wrote: »

EDIT: What do you do for a living (I asked on the other thread but that thread seems to have been deleted)?

There appears to be a lot of that going around. :T

RenovationMan

Percy1983 wrote: »

I paid my interest and kept my credit file in good order to get better deals, if somebody has trashed there credit file and can longer get decent credit why should I subsidise them?

Agreed. The rate that people get on their loans and mortgages reflect their risk levels. I've also made sure that both my wife and myself have maintained good credit records, even thought we don't normally use credit apart from our mortgage and a credit card that we pay off at the end of every month.

We'll often sign up for an interest free loan on furniture or even our kitchen in order to maintain an upto date credit history. We simply keep the money we would have bought the item with in the bank and gain interest on it.

de1amo

The bad loans have made any type of loan inaccessible to even people with perfect credit files--unless, of course, you have enough money in the bank!!--even equity in property is useless

RenovationMan

de1amo wrote: »

The bad loans have made any type of loan inaccessible to even people with perfect credit files--unless, of course, you have enough money in the bank!!--even equity in property is useless

I have to say that this has not been my experience. I was given a 5x salary Interest Only mortgage less than 2 years ago with no requests for any proof of repayment vehicle (which is a good job as I haven't one) and in the meantime I have stooged money on a credit card (£8k) and took out interest free loans for furniture and two fitted kitchens (worth £10k and £8k).