If we vote for Brexit what happens

smile88egc

Some talk today of lenders pulling 5% and some 10% deposit mortgage deals in advance of the likely upcoming recession and the risks of house price falls/negative equity.

Any thoughts on whether this in itself will take out some potential buyers and therefore reduce demand, leading to lower prices/offers? Particularly in the FTB market.

DiggerUK

DiggerUK wrote: »

If the vote is for Brexit, Cameron goes day after on a holiday to Panama..._

OK, so he didn't go the next day, and no news of him visiting Panama..._

cashbackproblems

smile88egc wrote: »

Some talk today of lenders pulling 5% and some 10% deposit mortgage deals in advance of the likely upcoming recession and the risks of house price falls/negative equity.

Any thoughts on whether this in itself will take out some potential buyers and therefore reduce demand, leading to lower prices/offers? Particularly in the FTB market.

With the recession reports today in the press and the higher lending by banks, it will just squeeze the number of buyers even more and ultimately lead to fall in prices. I am seeing that in my area a popular london commuter zone, what was selling in before March was going in days, now comes on at even higher levels then doesn't sell….the fall in prices still hasn't cottoned onto sellers…but it will

No harm as a FTB still looking and making lower offers based on how highly it is priced

Kohoutek

mrginge wrote: »

Personally I have faith that this new govt will negotiate a deal that involves reasonable access to the free market alongside reasonable adjustments to free movement. Some gains in the latter, with some costs (like maybe still paying some kind of membership fee) in the former. Maybe we don't sit at the table anymore, but equally we're free to take our own path in other areas. Balance and compromise.

They can only achieve that if that is in the interests of the 27 remaining member states and the EU.

Difficult to see how giving the UK that deal would be.

Thrugelmir

cashbackproblems wrote: »

With the recession reports today in the press and the higher lending by banks, it will just squeeze the number of buyers even more and ultimately lead to fall in prices.

Won't require a recession in areas where prices are already out of touch. There's always somewhere else that's cheaper.

Thrugelmir

Kohoutek wrote: »

They can only achieve that if that is in the interests of the 27 remaining member states and the EU.

Difficult to see how giving the UK that deal would be.

Europe needs the UK as an export market. The importance of which should not be underestimated. As the UK buying elsewhere could tip Europe as a whole into negative growth.

Kohoutek

Thrugelmir wrote: »

Europe needs the UK as an export market. The importance of which should not be underestimated. As the UK buying elsewhere could tip Europe as a whole into negative growth.

Yes, but it works both ways.

Our financial services sector (very important to the economy, whether you like it or not) would be decimated without full access to the single market, i.e. the passporting issue.

If it was just about economic considerations, then perhaps it would be more straightforward (relatively speaking). But obviously the EU will be slow to be willing to give the UK a deal which encourages other member states to leave the EU.

baza52

Kohoutek wrote: »

Yes, but it works both ways.

Our financial services sector (very important to the economy, whether you like it or not) would be decimated without full access to the single market, i.e. the passporting issue.

If it was just about economic considerations, then perhaps it would be more straightforward (relatively speaking). But obviously the EU will be slow to be willing to give the UK a deal which encourages other member states to leave the EU.

In your eyes we may as well just shut up shop and close the UK.
I hope your not all doom and gloom in your personal life.
Can you honestly not see that in years to come leaving will be the best decision for us?
Do you honestly think we wont survive post brexit?

Conrad

Even if we abandoned the single market, so what. We could trade like the other sucessfull exporters into the EU, at the very worse with 4% tariffs, meaning we charge them on everything we import from the EU and thus fill our coffers at double the rate the EU does with the same tarif

People are so hysterical about all this, all will be well, most of the world is not in the sm

Kohoutek

baza52 wrote: »

In your eyes we may as well just shut up shop and close the UK.
I hope your not all doom and gloom in your personal life.
Can you honestly not see that in years to come leaving will be the best decision for us?
Do you honestly think we wont survive post brexit?

I didn't say the UK wouldn't survive, I said the financial services sector would be decimated without passporting. That is accurate.

I'm sorry I'm not able to agree with your blind optimism.