House Price Crash Discussion Thread

WTF?_2

chucky wrote: »

bored now...

Then shove off and stop trolling.

MissMoneypenny

merlinthehappypig wrote: »

[FONT=Verdana, Arial, Helvetica, sans-serif]From Money Morning:[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]House prices saw their biggest monthly fall since September 1992 in March, Halifax reported yesterday.[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]A whole 2.5% in a single month – that’s £4,909 off the value of the average house, using the building society’s figures.[/FONT]

Was that the spring bounce for this year?

Paul_N_4

chucky wrote: »

been looking at the Nationwide and Halifax housing reports and noticed that their data concentrates on different info. Halifax takes it mostly from the North of England and Nationwide from the South.

Both of which are falling. Maybe we should take the monthly falls from Halifax and the monthly falls from Nationwide and take an average.

m00m00

Dan: wrote: »

That could be regarded as a lie. Read the Halifax report and you will notice that some regions have risen or remained flat during March.

yes the east midlands

which has fallen or remained flat for the past 2 years, so a 2.2% bump in one month is statistically insignificant in this area.

WTF?_2

chucky wrote: »

it's always seems to be the most intelligent ones that have something constructive to say.

thanks for your contributions to the House Price Crash Discussion by the way.

Taking into account that the post of yours which I was replying to consisted of you totally ignoring any of Mr. H's points and just replying with a 'bored now' statement, the irony meter just exploded :rolleyes:

jo-jo2210

Hi

My hubby & I are one of those coming off a fixed 2 yr term this summer!!! I knew before it was in the news that we could well be face a hike.

Fortunately, we were able to put down a 10% deposit.

My question is, does anyone know how strict lenders are about the 80% LTV. I think that we are look at 82% LTV...

carolt

Dan: wrote: »

That could be regarded as a lie. Read the Halifax report and you will notice that some regions have risen or remained flat during March.

Of course regions vary; if you go down to the individual town/village level or even better, the individual house level, there will always be some areas/houses that buck the trend. But we were discussing the 2.5% figure.

So if it makes me you happy to view it as a lie, feel free.

You sound like you're having a tough day. A bit worried about the equity in your house dribbling away are you?

Personally, I woke up yesterday to a gorgeous sunny spring day and the news that the houses I wanted to buy had just got about 8 grand nearer my grasp. Not bad - 8 grand saved and not a stroke of work did I have to do to get there. A very mse kind of day, in fact.

So it put a little spring in my step, shall we say?......

And a great day to you too.....

carolt

jo-jo2210 wrote: »

Hi

My hubby & I are one of those coming off a fixed 2 yr term this summer!!! I knew before it was in the news that we could well be face a hike.

Fortunately, we were able to put down a 10% deposit.

My question is, does anyone know how strict lenders are about the 80% LTV. I think that we are look at 82% LTV...

Not that strict - you should be able to remortgage at a reasonable rate at the moment. General consensus at the moment seems to be that it's better to do this soon, though. As the credit crunch may well worsen, and prices fall, turning your 10% into zero.

jo-jo2210

Thanks carolt - we're meeting a IFA next week...

Don't wana be shouted at - but personally, I'm hoping the BoE will drop interest rates...& it gets passed on of course!!!

dudleyboy

jo-jo2210 wrote: »

Thanks carolt - we're meeting a IFA next week...

Don't wana be shouted at - but personally, I'm hoping the BoE will drop interest rates...& it gets passed on of course!!!

Oh, they'll get cut all right... it's all become that predictable, I'm afraid... but I'll bet you good money you won't see a bean of it...