And what about the off balance sheet debt?....
Aargh! My dirty little secret is out!
The Kenilworth branch of Heritage Property celebrated record sales for March 2014 with sales of over Â£7 million being agreed. Sales manager Mark Wadsworth, an estate agent with 25 years experience said: âWe had an excellent start to the year exceeding our targets in both January and February but March has proved to be a record breaking month."
Approvals slow as MMR deadline date nears
Watch that debt interest, global interest rates are rising!
WELLINGTON, New Zealand--New Zealand on Thursday raised interest rates for the second consecutive month as the nation's economic expansion gains momentum and inflationary pressures increase. "In this environment it is important that inflation expectations remain contained. To achieve this it is necessary to raise interest rates towards a level at which they are no longer adding to demand," Reserve Bank Governor Graeme Wheeler said in a statement after lifting the cash rate 25 basis points to 3.00%. He underscored, however, the speed and extent to which the cash rate will be raised "will depend on economic data and our continuing assessment of emerging inflationary pressures, including the extent to which the high exchange rate leads to lower inflationary pressure."
Debt doesn't matter if you plan to default on repaying it
The Tories should be appalled - but what should they do about it.....
Its good we have political consensus growing for reducing the cost or housing. While I think building more houses is important - it is of far more fundamental importance to enact policies that reduce rents and house prices, shifting the tax burden being the first.
Well, this should be easy to monitor and enforce
The FCA's new 'macroprudential' regulation of mortgages to rein in house price rises. Mortgage applicants are to face 'invasive' and 'inquisitorial' questions about their finances and lifestyles in an interview lasting 'up to 3 hours'. There will be stress tests like: what if IRs rose sharply, say to 7%. And there'll be far fewer short, fixed-term teaser rates and virtually no interest-only mortgages. Ray Boulger thinks it's silly.
The shape of things to come - probably pensions and more QE next.
London has started to crash
I came across these charts while trying to figure out the best places to hunt for houses in London on a value-for-money basis; I think they speak for themselvesâ¦ Slump in new buyer enquiries and the gulf in house prices has never been greater. These three charts seems to suggest that the sharp surge in London house prices over the last few months could be at risk of cooling or even partially reversing over the next few months, hard though it may be to believe at the moment!