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Land Registry - Property prices DOWN!!!
Comments
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The radio advert today for Inside Track says I can be a property millionaire. i'd like to go to one of their free seminars and ask how a collapsing property market will make me rich.:rotfl::exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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they are all busy debating wether it is better to wait until april or not.
They wont really throw themselves into the market in the middle of march.
Then all merry hell brakes lose.
Mark My Words: PANIC EARLY.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
sn why not comment on the 0.8 rise in your neck of the woods? london up 0.6 overall.
Don't think you can make assumptions on the sh$%^£$e that is the east midlands!
who would want to live in solihull!0 -
if interest rates are falling (to 4.75% swap rate) why will BTLers be forced sellers?
The BTLers I see as being forced sellers are those that are subsidising their mortgage and that lose their job or have a change in financial circumstances that prevent them from coming up with that subsidy. Whilst these are marginal cases, prices are set at the margin, not the average.
My LL pays £2150 pcm in mortgage on a repayment OO mortgage. I pay £1100 in rent. £1050 is a huge amount to find each month if he loses his job and clearly if he tries to double the rent, I'm off!
Also, BTLers tend to be older as those are the people that have the savings or equity to release in their homes to be able to afford to buy a BTL. These are people that don't have much working life to make back any capital losses. If house prices start to fall these people won't be forced sellers in most cases but they will be highly motivated ones.0
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