It's all kicking off again

nollag2006

A respected former PM announcing that we are now recovering.

Unemployment falling month after month after month.

Even "Location location location" is back on the telly.

Wouldn't be at all surprised if we were just in the foothills of another great property boom.

:beer:

moneyinmypocket

Fantastic news country pulling together families cheering in the street. We are a strong country with strong people

Loughton_Monkey

nollag2006 wrote: »

A respected former PM announcing that we are now recovering.

Unemployment falling month after month after month.

Even "Location location location" is back on the telly.

Wouldn't be at all surprised if we were just in the foothills of another great property boom....

Thanks for the information. So we're back into another boom then?

I just knew this was coming. When passing the local Estate Agent on the way to Sainsbury's today, I saw one of the EA's on the phone. Normally, there are two or three of them staring vacantly at their screen, mouse in hand, probably bemoaning their lives on HPC, or trying to ramp up house prices on here (like Hamish apparently).

I shall open another bottle of Champagne tomorrow. Toast the Magna Carta (whatever that means) and put on Edward Elgar's "Rule Britannia".

Davesnave

Strange. My local EA, when questioned directly, said he expected another five years of same old, same old.....

nollag2006

Good article in the Times this morning on investment strategies for the recovery.

Merv King was also quoted as saying that we are slowly getting back to normal.

michaels

I'm actually starting to contemplate fixing my mortgage for 5 years even though I am currently on a low tracker. Only problem is losing the money-making offset facility

nollag2006

michaels wrote: »

I'm actually starting to contemplate fixing my mortgage for 5 years even though I am currently on a low tracker. Only problem is losing the money-making offset facility

Funnilly enough, I was just thinking about applying for a decent 5 year fix. Santander pulled their fix at 2.99% recently, but NatWest have one at 3.09%. Beauty of the NatWest offering is that you can make overpayments without penalty.

I wouldn't worry too much about the offset. Their mortgage rates are usually not so great.

The_White_Horse

i have reported this thread because it offends me. Specifically, I am deeply offended by the purple smiley being upset. this is totally discriminatory toward all purple faced smileys.

i have asked for the thread to be deleted. I am sure you will all agree with this step.

Generali

The_White_Horse wrote: »

i have reported this thread because it offends me. Specifically, I am deeply offended by the purple smiley being upset. this is totally discriminatory toward all purple faced smileys.

i have asked for the thread to be deleted. I am sure you will all agree with this step.

Toodle pip

michaels

first direct have a 3 year offset tracker at 2.74 but it is only 3 years and of course I would not be able to get back on the tracker I am on now at the end.

vivatifosi

michaels wrote: »

first direct have a 3 year offset tracker at 2.74 but it is only 3 years and of course I would not be able to get back on the tracker I am on now at the end.

I wonder if a big part of the consideration is where you are in your mortgage payment cycle michaels. We're currently on a fix, which we prefer. Once that expires in a couple more years we'll only need one more fix for a shorter period to finish payments. That's an easier decision and a 2-3 year fix at a reasonable price should be easy. If not, we'll probably be able to go to a tracker without much impact.

If you've got say 15-20 years of payments left then deciding which way to go is so much harder. I guess a big part of this is whether we think the mortgage market is going to return (not the whole way) but back towards the old norms, at least in terms of rates above base if not LTV; or whether this is how the market is going to be going forward and that we're operating in a new paradigm.