Negative Equity Property & Struggling to Manage

propertydealer

Doozergirl wrote:

....constructive to those who might profit from seeking other avenues before yours, perhaps... :rolleyes:

did i ask him to sell his house to me??? no!! so where did "before yours" come from???

propertydealer

Rick62 wrote:

Read the guidlines, this is not a site for blatent promoting of dodgy property dealing vultures.

i guess not, funny seems someone has informed the webmaster on me, wonder who that could have been??


o and what is that on your sig? "I am a Mortgage Adviser " .... no advertising there then!!

Doozergirl

Oh, I don't know, maybe it was me after your comments :rolleyes:

As for the signatures of mortgage advisers, I'll direct you to MSE.com's Mortgage Adviser Code of Conduct:
http://forums.moneysavingexpert.com/showthread.html?t=325378

space_rider

irnbru

Which town?

Nottingham

fivemice

Nottingham seems to be having it's very own property crash - and its not just new builds. The streets I've been looking at buying in and my parents streets seem to have peaked in 2004. I don't really care - I'm sure it's mostly because of the bad press of the gun crime here, but that's restricted to one or two small areas near the centre.

It's good for me - it means I'm not buying at the peak. I'm sure prices will fall a bit more, but I'm looking to buy a house that we will live in for 10-15 years and I'm sure we'll be on the start of the next peak by then.

HankMcSpank

Yeah, gun crime kinda offsets parks, Starbucks & Waitroses

fivemice

?
I do wonder what outsiders think of Nottingham. It's a shame it's got such bad press. Generally the gun crime here is directly related to drugs - if you don't get involved with drugs then there's not a problem.
Still, the less people that move here, the better price I'm going to get for buying my first house

Adrian8

Hi,
Buying from builders off plan is dodgy. This practice has gone on since the start of time. The problems start when you complete and have the property for the first 6 month rental, when you come to re-new the tenancy most tenants take a new flat on the development leaving you with 1 that is 6 month old.
Which would you rent the nice smelling new 1 or the 6 month old 1
Take it from me Iv'e been in the property game for 25 years.
In answer to your question Northern Rock will touch negative equity if you are 100% on your credit file.

space_rider

I have been wanting to move for ages but was quite comfortable with my 20k mortgage. Glad I sold mine when I did as the ones near my old house are now struggling to sell and its in the FTB price range. I rented for 6 months and was able to take advantage of the reduction in price of this house.

ravenfield

was viewing two houses over the weekends by whiteknights in Reading. was told that the lowest priced 3 bed houses i'm looking at will be gone by next week. didn't even seem to encourage me to buy it quick. the houses are asking £200k. The houses are not even in the best place. I'm really not sure what to believe now. from what he said the housing market is still rocketing forward.