Barclays re-enters High LTV Mortgage Market

wotsthat

Graham_Devon wrote: »

Can only imagine it's based purely on the name that posts the news.

Anyway, I'm done. Point made

You've built a conspiracy theory based on the fact that I thanked someone for suggesting that 4.49% isn't a great mortgage deal.

You still upset I questioned your maths yesterday when I asked how it was possible to get an average of 3.7 from a series of numbers none of which were less than 3.7? You never did answer that BTW.

RenovationMan

wotsthat wrote: »

You've built a conspiracy theory based on the fact that I thanked someone for suggesting that 4.49% isn't a great mortgage deal.

You still upset I questioned your maths yesterday when I asked how it was possible to get an average of 3.7 from a series of numbers none of which were less than 3.7? You never did answer that BTW.

Are you suggesting that Graham bears a grudge if you slight him in any way, even to the point that he noted down who 'thanked' a post from 2 weeks ago?

Rinoa

Graham_Devon wrote: »

I wouldn't say trawled. Was posted less than 2 weeks ago.

And yes, it does. Hence why I was confused as to the stance on this thread showing that confidence is back....yet the stance on the other thread being that the rates are rubbish and the banks are "absurdly profiteering". Especially considering this is a worse product, with a £500 fee and 0.5% higher rates!

Can only imagine it's based purely on the name that posts the news.

Anyway, I'm done. Point made

Another flounce from our resident drama queen.

JonnyBravo

Graham_Devon wrote: »

Can only imagine it's based purely on the name that posts the news.

An interesting notion. Let's see what happens here.....

doire wrote: »

Not many FTB getting in on the act though. Its mostly driven by BTL.

A contentious issue. Especially for someone in particular.

geneer wrote: »

I thought it might be the bit where its explained that proportionately FTB mortgages are holding their own against BTL therefore completely negating JulieQs one note assertions.

Uh oh doire. Don't you know the official party line? Expect a stern telling off. :rotfl:

doire_2

JonnyBravo wrote: »

Uh oh doire. Don't you know the official party line? Expect a stern telling off. :rotfl:

Sorry i've no idea which report geneer is talking about so cant comment. Im sure he will understand

wotsthat

Barclays, which will lend through its mortgage arm Woolwich, is offering a three-year fixed rate loan at 4.99 per cent with no fee or a five-year fixed-rate deal at 5.49 per cent, with a £499 fee.

That looks like a loan for the more bullish who think house prices might rise before they manage to get their larger deposit together.

geneer

Rinoa wrote: »

Well you are confused again.

HSBC have been in the 90% market for 18 months.

http://www.mortgagestrategy.co.uk/products/hsbc-launches-deals-at-up-to-90-ltv/1006993.article

HSBC weren't re-entering the market at all, they were merely improving their existing 90% range and guaranteeing a set amount for FTB's.

So old news then.

geneer

Rinoa wrote: »

Another flounce from our resident drama queen.

:rotfl:Says the guy who flounced to another forum.

geneer

doire wrote: »

Sorry i've no idea which report geneer is talking about so cant comment. Im sure he will understand

Thats alright Doire. I was in fact quoting a recent report by the council of mortgage lenders.

One of Rinoas favourite sources, so he will no doubt vouch for the accuracy of the statement.

reweird

After the banks have recapitalised their vaults over the last 2 years of super low interest rates it appears that they are about to open the flood gates to the housing market. Buy now if you can or forever rent (or be a stay at mummies home man-baby).