Halifax ... 1.7% rise MOM

Crashy_Time

lisyloo wrote: »

What’s your evidence for banks getting more prudent?
I personally know of massive investments going on (multi million).
Are you saying it’s actually happening or is it a prediction?
If the former provide relevant links.
If the latter then what’s it’s based on.

Yes I agree that being 100% blind to the risks is just as bad as being scared to do anything. I don’t know any investors or landlords who are blind to the risks they are taking.
A balanced is required that allows people to get on with their lives and take sensible balanced decisions whilst tolerating some risk.

https://forums.moneysavingexpert.com/discussion/6091540/1st-time-buyer-cant-borrow-enough-money

Of course this person is a typical FTB, pretty flush with deposit money and on a good salary, so I can`t think what is stalling the market, can you?

Crashy_Time

Sales volumes for England
September 2015
80,192
September 2016
76,114
September 2017
78,082
September 2018
68,839
September 2019
61,633

Crashy_Time

https://www.housepricecrash.co.uk/forum/index.php?/topic/235669-40-apr-!!!!!!-martin-lewis-warning-for-anyone-currently-overdrawn/

Less, or more prudent from the banks?

lisyloo

Crashy_Time wrote: »

https://forums.moneysavingexpert.com/discussion/6091540/1st-time-buyer-cant-borrow-enough-money

Of course this person is a typical FTB, pretty flush with deposit money and on a good salary, so I can`t think what is stalling the market, can you?

I would want more evidence than a single anecdotal where it often turns out there’s more to the story.

There’s lots of building work going on which shows investors and lends are putting money into property.

lisyloo

Crashy_Time wrote: »

Sales volumes for England
September 2015
80,192
September 2016
76,114
September 2017
78,082
September 2018
68,839
September 2019
61,633

Those are pre election, it looks like things are changing (see the RICs post I put up).
No point looking at backward looking statistics when things have changed significantly.

lisyloo

Crashy_Time wrote: »

https://www.housepricecrash.co.uk/forum/index.php?/topic/235669-40-apr-!!!!!!-martin-lewis-warning-for-anyone-currently-overdrawn/

Less, or more prudent from the banks?

Nothing at all to do with property.
Is the the price of fish relevant?
I did ask for relevant links.

Crashy_Time

lisyloo wrote: »

Nothing at all to do with property.
Is the the price of fish relevant?
I did ask for relevant links.

So people`s access to cash/credit for general outgoings has no bearing on whether they pay their mortgage/rent or can buy property or need to sell property? BUT your original point asked if I thought the banks were tightening/getting more prudent, I think they are in general definitely more so than a few years ago, and as the debt/financial system is all interlinked any tightening moves by the banks has a bearing on things relying on debt - property being the main example. Do you know how many people use a credit card to pay rent or mortgage or repairs on their house? You seem to just shout "Not relevant" when facts are presented that counter your arguments, what are your views on falling property transactions coupled with rising average prices for example, bearing in mind that the figures come from a company that is in the business of selling mortgage debt?

Sailtheworld

Crashy_Time wrote: »

https://www.housepricecrash.co.uk/forum/index.php?/topic/235669-40-apr-!!!!!!-martin-lewis-warning-for-anyone-currently-overdrawn/

Less, or more prudent from the banks?

That's not evidence.

Why not take a peek at the BoE website and you'll be able to see what's actually happened with consumer credit? i.e. downward trend for overall consumer credit since brexit but mortgage lending flat.

Of course the last official data release was November 2019 so you might well be right that banks have become more prudent since then. We'll have to wait and see if you're correct - why not make a diary note for 3rd Feb when December lending data comes out and let us know how this prediction worked out?

Crashy_Time

Bet this geezer is loving the not quite 2% "rise" in house prices...

https://www.rightmove.co.uk/property-for-sale/property-34637855.html

triathlon

Sailtheworld wrote: »

That's not evidence.

Why not take a peek at the BoE website and you'll be able to see what's actually happened with consumer credit? i.e. downward trend for overall consumer credit since brexit but mortgage lending flat.

Of course the last official data release was November 2019 so you might well be right that banks have become more prudent since then. We'll have to wait and see if you're correct - why not make a diary note for 3rd Feb when December lending data comes out and let us know how this prediction worked out?

How dare you!!

They know far more about finance, economics and of course house price crashes than you ever will, they have predicted 1348 to my knowledge to date, how many have you predicted?

Huh!! Thought so