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Freeze on mortgage lending to hit house prices
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squatnow is a poster from assetz sent undercover to damage any bearish views about on forums.It's a health benefit ...0
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and the main thing to 'stop' people going onto SVR from a fixed deal, is affordability. Many people who have really stretched themselves to get 'on the ladder' before they 'missed the boat' simply can't afford the SVR on a high loan value mortgage at high multipliers, especially when factored in their other concomitant loan obligations which are likely to exist. After all those plasma tvs and audi's don't pay for themselves do they.It's a health benefit ...0
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Oh these so-called "experts" are always revising their dodgy predictions.
Remember, for 2007, they were all predicting 0%-5% "growth" and had done the same for '08.
Suddenly Nationwide are now pretending that they predicted the credit crunch would go on and on and on and are changing their tune.
It's more the case now that Nationwide can't lend so much money as they could, they can't support BCC prices (Before Credit Crunch) and are having to dampen down expectations.
In six months' time, they'll either be predicting a fall of 10%, or will have gone back to 0% again.
Nice work if you can get it.0 -
Hiya MM. I remember you from way back when we were predicting a down turn in the housing market and everyone [well most] were saying we were nuts. How times change?0
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Hello hello
Yes, I've only just been let back out of the loony bin - having proven that the wardens were the loony ones after all...
To be honest, I wasn't predicting a global financial meltdown, and while I thought N rock was behaving in a grossly irresponsible manner, back in 05/06 I didn't think it would implode quite so magnificently.
I do think anyone predicting rising house prices in today's climate should be the one in the padded cell though...0 -
Lotus-eater wrote: »unless I have moved home, I have never had a valuer come to my house to value it when I have changed mortgages. Is it something that will happen more, or does it just happen when you have a high LTV?
Usually a "drive by" valuation or a call to several local estate agents.Warning ..... I'm a peri-menopausal axe-wielding maniac
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