House prices suffer biggest drop since 2009 - Nationwide -2.6%

DpchMd

RUN_RABBIT_RUN wrote: »

yep, all above board then - i'm sure they'd have no problems with any of that if they found out about it.

i got stopped in my car by the police in london for a routine check when i was young, and i'd left my drivers license registered to my parents address despite living in london. when i told the officer this, he raised his eyebrows and asked me if i knew that i could be fined up to £1000 for that. luckily he let me off and told me to get it sorted asap.

true story. you have been warned!

Considering he's openly admitted lying on the electoral register for such a long time, one must assume that he and his parents are implicit in the fraud.

He definitely needs to be investigated for voting fraud and I'm guessing he's also been lying about his address on applications for credit. This has fraud written all over it. :cool:

Sounds like your employer needs to suspend you pending the investigation into your financial affairs.

(So I'm winding him up, sue me)

RenovationMan

homelessskilledworker wrote: »

The media is being a little over the top and sensationalist in the way it is reporting these small falls, what are they going to be like when/if the falls become even worse.

Indeed, and yet the world keeps on turning and millions of ordinary people go to work, have fun with their families and friends and just get on with life, completely oblivious to these fluctuations.

I guess it sells newspapers, but only to the small group of obsessives who spend years posting about these fluctuations on internet forums. Not the sort of people who you'd want at a house party.

homelessskilledworker

RenovationMan wrote: »

Indeed, and yet the world keeps on turning and millions of ordinary people go to work, have fun with their families and friends and just get on with life, completely oblivious to these fluctuations.

I guess it sells newspapers, but only to the small group of obsessives who spend years posting about these fluctuations on internet forums. Not the sort of people who you'd want at a house party.

Well here is another one for you to look at during your day on here:)
This one is actually quite funny, you can sense this blokes frustration and anger that after two years he cannot sell his property. He snaps at the three estate agents he has used, and all the broken promises.

Yet I wonder if has just once occured to him

THE HOUSE IS WAY OVERPRICED IN TODAYS MARKET CONDITIONS
http://www.youtube.com/watch?v=9juH_LyDdy8

wotsthat

DervProf wrote: »

Also big enough to silence the rampers.

Not even a whisper from Sibley. Hamish is quiet too.

As a homeowner, this is apparently bad news for me. Can't say that I'm bothered really. In fact, I'm quite pleased that this "correction" appears to be proceeding quite nicely.

LOL. What 'rampers' would invest time into ramping something on an obscure forum which, currently, is being viewed by 18 people (and 6 of them will be the same person wondering if London prices will crash when the athletes accomodation comes to market). I think you might mean people you just don't like.

I'm not sure why this should 'apparently' be bad news for homeowners either. If everyone could time travel back to a year ago knowing that house prices would fall 2.6% I doubt very few people would make many different decisions in terms of buying or selling. House prices matter when buying, selling or remortgaging - other than that they are just part of the mix of accomodation costs and price paid becomes less significant the longer the property is held.

SteveV2

Wasn't there a bigger fall within the last couple of years?

FTBFun

I put my details in to the Nationwide calc and my flat is apparently up 3% since I bought it. So having a single, national figure like this is fairly pointless.

Dan:_4

brit1234 wrote: »

Oh look an attack on me by someone who thinks he knows my situation better than myself.

Dan I think you may of credit checked the wrong Brit 1234, my bank has told me I have an excellent credit rating. See I have every transaction registered to my parents house including all my bank accounts going back 2 decades despite living in various addresses in London. I am registered to vote there. I paid off my student loans, I have always paid off my overdraft. To improve it further I got a registered mobile phone, broad band, dongles, paypal all to my parents house. Also no black marks at all.

Here is a guide how to get a good credit rating from MSE.
http://www.moneysavingexpert.com/loans/credit-rating-credit-score/

So I am not screwed Dan I am in the best position to buy with a great credit rating, 30% deposit, costs, furniture sorted and a good well paid stable job.

Your put down tactics have failed.:rotfl: I couldn't be in a better position.

Apart from you overdraft (which many banks don't like you using when applying for a mortgage) have you ever had to manage a credit facility i.e. personal loans or credit cards (im not talking about student loans which don't count)

And....why have you got everything registered to your parents address???

Sounds like your in more of a finanical mess then I orgionaly thought.

DpchMd

Dan: wrote: »

Apart from you overdraft (which many banks don't like you using when applying for a mortgage) have you ever had to manage a credit facility i.e. personal loans or credit cards (im not talking about student loans which don't count)

And....why have you got everything registered to your parents address???

Sounds like your in more of a finanical mess then I orgionaly thought.

It's fine, he has PayPal.

:rotfl:

N1AK

RenovationMan wrote: »

I have never had a repayment mortgage, I find them to be very inflexible and a good product for people who are not very good at managing their money and require it to be managed for them. I could have gotten a repayment mortgage on the same same rate as my IO mortgage (2.05% above BoE).

If you had a IO mortgage you would have been able to invest more into your savings plan and ultimately reduce your mortgage faster. Food for thought.

I'm on 1.75% above BOE on my repayment mortgage. Assuming I could get an IO mortgage at the same rate you have then I'd be paying 0.3% more interest on the mortgage value. Our mortgage was also fee free, which it is unlikely we could have managed on an IO. Overall I'm confident that the repayment mortgage has worked out fine for us thus far.

But why let your lack of facts and knowledge of the situation get in the way of stating an ignorant opinion and risk breaking the habit of a lifetime

RenovationMan

N1AK wrote: »

I'm on 1.75% above BOE on my repayment mortgage. Assuming I could get an IO mortgage at the same rate you have then I'd be paying 0.3% more interest on the mortgage value. Our mortgage was also fee free, which it is unlikely we could have managed on an IO. Overall I'm confident that the repayment mortgage has worked out fine for us thus far.

I wasn't suggesting you get a new mortgage, I was suggesting that if you are doing so well by saving outside your mortgage rather then making overpayments, then this would be true for your repayments as well. You can often change your mortgage from repayment to IO with just a small (£30) one-off fee.

N1AK wrote: »

But why let your lack of facts and knowledge of the situation get in the way of stating an ignorant opinion and risk breaking the habit of a lifetime

Wow, what a really, really odd outburst.