House not selling

Herzlos

So mortgage lending rates aren't generally relative to the BOE base rate?

ReadySteadyPop

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. Back on topic, my thinking is that if the house isn`t selling then the house needs to contribute to paying off some of the debt on itself, a lodger would be my first thought, do you think that is sensible?

jimbog

ReadySteadyPop said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

my thinking is that if the house isn`t selling then the house needs to contribute to paying off some of the debt on itself, a lodger would be my first thought, do you think that is sensible?

The OP desperately wants the house gone asap so that they can move on with their life. Can't see how installing a lodger in with her ex will help

ReadySteadyPop

jimbog said:

ReadySteadyPop said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

my thinking is that if the house isn`t selling then the house needs to contribute to paying off some of the debt on itself, a lodger would be my first thought, do you think that is sensible?

The OP desperately wants the house gone asap so that they can move on with their life. Can't see how installing a lodger in with her ex will help

They also want to cover most of their mortgage debt with the sale, which so far is looking unlikely?

KeepingOnLearning

As a buyer in this Market, I see this sort of question and wonder if the property is priced correctly not just based the presumed value of the house from comparable but the position of the seller eg do they even have a place to move into.

With house prices going up and mortgage rates going and up and up, sought after buyers are seeking very motivated and prepared sellers.

i hope that’s helpful.

Yorkie1

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Herzlos

ReadySteadyPop said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. Back on topic, my thinking is that if the house isn`t selling then the house needs to contribute to paying off some of the debt on itself, a lodger would be my first thought, do you think that is sensible?

Then can you please stop diverting it?

YoungBlueEyes

ReadySteadyPop said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. Back on topic, my thinking is that if the house isn`t selling then the house needs to contribute to paying off some of the debt on itself, a lodger would be my first thought, do you think that is sensible?

Gawd the irony!

ReadySteadyPop

Yorkie1 said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Search "10 Year Yield". Some drops happening a couple of days ago as people rush out of stocks, and the media now trumpeting interest rate cuts "to help homeowners", but the problem with yields dropping is that it could mean recession which doesn`t help house sellers as people won`t borrow if their job is threatened.

ReadySteadyPop

KeepingOnLearning said:

As a buyer in this Market, I see this sort of question and wonder if the property is priced correctly not just based the presumed value of the house from comparable but the position of the seller eg do they even have a place to move into.

With house prices going up and mortgage rates going and up and up, sought after buyers are seeking very motivated and prepared sellers.

i hope that’s helpful.

It seems that the OP bought this property when mortgage rates were broadly similar to where they are now? I think there has been a big change in demand/sentiment.