BOE's David Miles: House Prices will "Rise for Years"

suburbanwifey

Sibley wrote: »

There are a few people on here who will be spitting feathers reading that.

Really true though. 100% spot on.

I know! I'm on a few hit lists already it seems, I'm even now getting accused of being Mr Ree or yourself in disguise. Not sure either of your chests are as impressive as mine LMAO Ignore them, when they have no reasonable defense, they accuse us all of being each other. Distress makes them do that

DervProf

Sibley wrote: »

100% will come back because banks like making money.

So banks will be making more out of home buyers. I suppose coupled with higher LTV and higher prices, the banks will be even better off, as will the revenue via increased stamp duty receipts.

It might be that savers benefit though, as banks will be able to afford to pay higher returns on savings, especially as they'll need to attract the extra money to lend out.

CRASH_BANG_WALLOP

Sibley wrote: »

Please allow me.

100% will come back because banks like making money.

Now all this doom and gloom has vanished people can get back to making money.
This is the positive news we needed.

The government will start funding mortgages in the New Build scheme. This will lead to one or two banks or BS offering 100%. They will get all the business and force the others to follow.

Happened last time and will happen again.

Sit back and watch.

is that it? :rotfl::rotfl::rotfl: "umm banks will lend because they umm like lending" :rotfl::rotfl::rotfl:

new build scheme will make banks offer 100% mortgages which will FORCE others to follow :rotfl::rotfl:

the halifax have alreeady said 100% wont be coming back :T i'll take their word for it

DervProf

suburbanwifey wrote: »

Not sure either of your chests are as impressive as mine LMAO

Sibley is a "chest".

CRASH_BANG_WALLOP

suburbanwifey wrote: »

I totally agree! and so will most others as things develop over the next 12 months or so. Its not possible for the market to keep functioning without the return of 95% or 100% mortgages, so I am quite sure they will be back as well.

100% for a functioning market? I thought you said prices were rising everywhere dude? Isnt that 'functional'
the uk's biggest mortgage lender said they wont be back :T

suburbanwifey

DervProf wrote: »

So banks will be making more out of home buyers. I suppose coupled with higher LTV and higher prices, the banks will be even better off, as will the revenue via increased stamp duty receipts.

It might be that savers benefit though, as banks will be able to afford to pay higher returns on savings, especially as they'll need to attract the extra money to lend out.

The Govt. has made billions from stamp duty. The higher house prices, the more they get. That is one reason I have always believed that they wouldn't let house prices fail. They don't give a stuff about the general population, they care about revenue and stamp duty has been a nice little earner for donkey's years now, they won't let that go, nor would they let their posh houses that none of us can afford lower in value. Especially now we have a mainly Conservative govt. The writing was on the wall when Cameron got into power and I suspect as he helping the 'right' people in society now, rather than the wrong as labour did, he'll stay in power. Stamp duty, glad you metioned it, its one of the factors that will always fuel house price growth in this country.

suburbanwifey

CRASH_BANG_WALLOP wrote: »

100% for a functioning market? I thought you said prices were rising everywhere dude? Isnt that 'functional'
the uk's biggest mortgage lender said they wont be back :T

I'm not a dude you offensive little man. I am female as I have stated before.

suburbanwifey

CRASH_BANG_WALLOP wrote: »

100% for a functioning market? I thought you said prices were rising everywhere dude? Isnt that 'functional'
the uk's biggest mortgage lender said they wont be back :T

The Halifax will do what other lenders do. What they say now is irrelevant. If that is the best defense you can come up with, go make a coffee, pop into town and buy a brain and spend your time in a more productive way than making yourself look even more foolish than you have already.

ILW

suburbanwifey wrote: »

I know! I'm on a few hit lists already it seems, I'm even now getting accused of being Mr Ree or yourself in disguise. Not sure either of your chests are as impressive as mine LMAO Ignore them, when they have no reasonable defense, they accuse us all of being each other. Distress makes them do that

Out of interest, you have now paid off your mortgage and I would assume you have children.

How would increased house prices benefit you?

CRASH_BANG_WALLOP

:j

suburbanwifey wrote: »

I'm not a dude you offensive little man. I am female as I have stated before.

your argument has been moligated