Those remortgaging now, what rates are you getting?

ReadySteadyPop

Hoenir said:

Plenty of holiday lets coming onto the market that's for sure. Would appear that bubble is deflating. Due to an excess of supply. 

Great news.

Hoenir

ReadySteadyPop said:

Hoenir said:

Plenty of holiday lets coming onto the market that's for sure. Would appear that bubble is deflating. Due to an excess of supply. 

Great news.

Possibly explains some of the activity. With an ageing population no doubt plenty of people will be looking for something more rural. Arguably the right sort of activity that's of benefit to the wider economy. 

ReadySteadyPop

Hoenir said:

ReadySteadyPop said:

Hoenir said:

Plenty of holiday lets coming onto the market that's for sure. Would appear that bubble is deflating. Due to an excess of supply. 

Great news.

Possibly explains some of the activity. With an ageing population no doubt plenty of people will be looking for something more rural. Arguably the right sort of activity that's of benefit to the wider economy. 

Can`t see the benefit of being rural when you are older, you need things on your doorstep more, that is town living, this is just part of a wider cut back in spending and debt use IMO.

https://inews.co.uk/news/business/ryanair-profits-budget-airlines-ticket-price-war-3182776

Deniseconfused

BarelySentientAI said:

ReadySteadyPop said:

ACG said:

ReadySteadyPop said:

Hoorah said:

Hi all,

Nearly 2 months ago I secured a deal with Barclays 4.51% over 5 years with no fees. 43% LTV. 

This is due to start 01/09/24 however I keep seeing in the news that rates are dropping and wondered if this isn't such a good deal anymore?

The mortgage broker company I used has liquidated since and I can't go back to them for advice. 

Just wondered what everyone else was getting?

If rates were dropping, at least to a level that brings buyers back into the market, why would a broker be in liquidation, or is there another reason?

Going off the last post, they are a fee free firm. 
You are relying on volume to pay the bills and there has been nowhere the level of volume we have been used to. Last year was my slowest year in 12 years. This year is better, but still much slower than normal. 

They firm was probably not able to take the hit and the lower rates have not come soon enough for them. 

That makes sense, sales are dropping quite noticeably now.

June saw a 0.2% rise in UK house prices taking the annual rate of growth rate to 1.5%, up from 1.3% in May (Nationwide).  

The average time to sell continues to reduce, falling to 60 days in May, down from the highs of 78 days in January and the fourth consecutive monthly fall (Rightmove). The number of mortgage approvals held relatively firm in May at 59,991 compared to 60,821 in April (Bank of England). However in the first five months of this year there have been 28% more mortgage approvals than a year ago. Transaction levels are increasing with the latest HMRC figures showing a 17% rise in May compared to a year earlier. Almost a third (32%) of agents say transaction levels are higher than three months ago, with 11% saying that levels are over 5% higher (Dataloft by PriceHubble, Poll of Subscribers).

Over the last four weeks, the number of sales being agreed has remained steady at 6% higher than a year ago. Buyer demand has also remained stable and is now 5% higher than last year (Rightmove - July).

Data from the first 6 months shows the market is on track for 1.1 million transactions in the year, a rise of 10% on last year. (Zoopla)

Which YouTube channel do we watch to find these statistics that the entire market seems to be missing, Crashy?

Ive been off the boards for a couple of years, dipping in very brieftly, but before your last sentence, I knew EXACTLY who that poster was from two posts 😂

RelievedSheff

Deniseconfused said:

BarelySentientAI said:

ReadySteadyPop said:

ACG said:

ReadySteadyPop said:

Hoorah said:

Hi all,

Nearly 2 months ago I secured a deal with Barclays 4.51% over 5 years with no fees. 43% LTV. 

This is due to start 01/09/24 however I keep seeing in the news that rates are dropping and wondered if this isn't such a good deal anymore?

The mortgage broker company I used has liquidated since and I can't go back to them for advice. 

Just wondered what everyone else was getting?

If rates were dropping, at least to a level that brings buyers back into the market, why would a broker be in liquidation, or is there another reason?

Going off the last post, they are a fee free firm. 
You are relying on volume to pay the bills and there has been nowhere the level of volume we have been used to. Last year was my slowest year in 12 years. This year is better, but still much slower than normal. 

They firm was probably not able to take the hit and the lower rates have not come soon enough for them. 

That makes sense, sales are dropping quite noticeably now.

June saw a 0.2% rise in UK house prices taking the annual rate of growth rate to 1.5%, up from 1.3% in May (Nationwide).  

The average time to sell continues to reduce, falling to 60 days in May, down from the highs of 78 days in January and the fourth consecutive monthly fall (Rightmove). The number of mortgage approvals held relatively firm in May at 59,991 compared to 60,821 in April (Bank of England). However in the first five months of this year there have been 28% more mortgage approvals than a year ago. Transaction levels are increasing with the latest HMRC figures showing a 17% rise in May compared to a year earlier. Almost a third (32%) of agents say transaction levels are higher than three months ago, with 11% saying that levels are over 5% higher (Dataloft by PriceHubble, Poll of Subscribers).

Over the last four weeks, the number of sales being agreed has remained steady at 6% higher than a year ago. Buyer demand has also remained stable and is now 5% higher than last year (Rightmove - July).

Data from the first 6 months shows the market is on track for 1.1 million transactions in the year, a rise of 10% on last year. (Zoopla)

Which YouTube channel do we watch to find these statistics that the entire market seems to be missing, Crashy?

Ive been off the boards for a couple of years, dipping in very brieftly, but before your last sentence, I knew EXACTLY who that poster was from two posts 😂

Which just makes a mockery of the forums "no sock puppet" rule if they won't enforce it!