Tuesday, Sep 21, 2010
So, is Everybody Waiting?
Yourmortgage.co.uk: Landlords must wait for good mortgage rates
Buy-to-let investor landlords looking to add to their property portfolios using mortgage finance would be best waiting for a couple of years
Posted by ontheotherhand @ 12:35 PM (747 views) Add Comment
7 Comments
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1. sibley's b'stard child said...
I was quite tickled by the interactive poll on the webpage - 'where will IRs be at the end ot 2010?' 23 actually voted lower; presumably that'd be the MPC and some of their lackeys.
2. timmy t said...
I love it how nobody mentions the elephant in the room...
If you wait a couple of years you might just get a marginally better rate on your mortgage. Oh yeah and the purchase price will have dropped 30% too.
3. Stickleback said...
When I clicked on the first time buyer tab on the website it took me to an "Invalid Query" page.
Pretty much sums up how I feel as a first time buyer.
4. Ra02127a said...
According to yourmortgage.co.uk, FTBs no longer exist! I clicked on the sub-heading 'First-Time Buyers' and this is what appeared:
Invalid query: SELECT p.id, DATE_FORMAT(p.issue, '%d %M, %Y') FROM pages p, page_cats pc, category c WHERE p.id=pc.page AND pc.main=c.main AND pc.sub=c.sub AND c.sub = 1 AND p.status = 1 AND p.product=139 AND p.template = 2930 {AND p.id NOT IN (3626168#3626189#3626179#3626335#3626238#3626257) ORDER BY p.issue desc limit 6
You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near '{AND p.id NOT IN (3626168#3626189#3626179#3626335#3626238#3626257) ORDER BY p.' at line 13
5. righttoleech said...
you chicken BTL investors!! What you made of? Build your portfolios now! Get the lowlife to fund some more mortgages for you. You know it makes sense.
6. dill said...
200k at 5%
or
100k at 10%
Which would you prefer?
7. khards said...
I have done some fag packet calculations,
0% off 100k @ 5% over 25 years = interest of 75,377.00 so total of £175,377.00 repaid
25% off 75k @ 7.5% over 25 years = interest of 91,272.00 so total of £166,272.00 repaid
50% off 50k @10% over 25 years = interest of 86,305.00 so total of £136,377.00 repaid
You must be able to make an interesting graph from this.
The system is fixed so that when prices are low interest rates are high! Does anyone have a longterm graph of houseprices vs interest rates.
The only way to win this game is by inflating your way out (Like we are trying to do at the moment), just take to someone in there 60's about how much they paid for there house.