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displayname

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  1. Not greatly different to tax credits. Pension relief effectively 73% iirc. Even higher for higher earners.
  2. wouldnt pension avc's/baye schemes offer 73% marginal savings (basic rate payer) when factoring in tax credits?just a thought.. will uc be similar?
  3. shouldnt the standard allowance also be added to child element? that would keep 2 x nmw in uc...
  4. Just an update - the 2 properties are still left empty - I am keeping an eye out as I wouldnt mind one of them (at the right price). Anyone else think its a bit odd its been so long to be put up for sale? Anybody else seeing many repossessed properties coming through?
  5. http://www.northwalesweeklynews.co.uk/conw...55243-23559948/ "Cllr Bob Squire blames bedsit accommodation on the town’s decline and believes a regeneration plan will now finally see the rejuvenation of the town." Someone agrees with the theory of the number of bedsits dragging the town down. Looking like local 'bounce' is cooling of. Very few sold boards going up now however very few quality properties coming onto market. A number of flats in Colwyn Bay/Llandudno area listed in forthcoming Allsop auction.
  6. just a query regarding the thread title - a couple of people I know have had their houses repossessed during Feb this year - I find it strange their properties have not yet hit the market. Anyone got and ideas how long it usuaaly takes until they do? Perhaps the banks are withholding some properties??
  7. http://www.dailypost.co.uk/news/north-wale...55578-23251175/ Anglesey-based estate agent Melfyn Williams, a past president of the National Association of Estate Agents, said: “The figures confirm what we have said for months that the prices in the north west of Wales have hit bottom and are beginning to rise. “We are seeing mid-range properties, which have had their asking prices reduced, begin to sell and a few at the top end of the market have also sold. Previously it was only the affordable housing or terraced properties that were selling Looks like Anglesey EA's are also loving it. Lets hope its a blip....
  8. yep ccbc seeing lots of SSTC. estate agents lording it. new listings £ defo back on the up.
  9. Im seeing quite a few properties going to SSTC in between Colwyn Bay and Llandudno. Ive also read this recently http://www.dailypost.co.uk/news/north-wale...55578-22858329/ 'Green shoots' mentioned??!! Cant understand why they are selling (if they do go through that is) Will be interesting to see agreed prices in a few months...
  10. Recently contacted local newspaper to ask why it hadnt been reported that my local area (Conwy, North Wales) has suffered the worst fall in prices in the UK according to land reg. A week later we get this http://www.northwalesweeklynews.co.uk/conw...55243-22397426/ “Although these figures look bad it must be borne in mind that property prices rose faster here in the boom years than anywhere else in Wales because we had a huge influx of people from outside the area because it is such a desirable area,” said Elaine Fletcher of Conwy estate agent Fletcher and Poole. “There was also a high demand for properties as second homes and the buy-to-let market. Because prices rose so steeply they have also fallen steeply, but I honestly believe things are levelling out now, and in fact this November has been busier in terms of sales than November last year.” Her theory was supported by Iwan Williams, who owns a Llanrwst estate agency. “When prices in an area rise quickly, they go down quickly and that is what’s happened here, but I believe we have now experienced the bottom of the market. November has been busier than the previous November and the signs are that December will also be a good month for sales." Take it I should buy now then? Or anyone got any suggestions what I should write back in with?
  11. people starting to notice... http://www.thisismoney.co.uk/credit-and-lo...e_id=9&ct=5 "Over the past year the overall number of 0% balance transfer deals has been cut back with 75% of firms now offering deals compared with 82% in October 2007. There were 103 such cards on the market a year ago, but only 87 remain today. The introductory period of these cards has also been reduced: across the market the average introductory period has been reduced from 10.1 months to 9.5, according to price comparison website MoneyExpert.com. "
  12. Rumour has it the buyer of the flat in C Bay for £15.5k realised they've overpaid and put it back up for auction.... a further 33% off anyone?? http://www.rightmove.co.uk/viewdetails-198...p;mam_disp=true
  13. http://www.newsoftheworld.co.uk/news/article52613.ece A SEASIDE flat which a year ago fetched £133,950 has now sold for a PITIFUL £15,500 as house prices across Britain nosedive, the News of the World can reveal. The staggering 88 PER CENT price drop is the starkest indication yet that the credit crunch has sent now the housing market into freefall. Our investigations turned up scores of properties—most of them repossessed by banks and building societies— that are now worth a fraction of their previous value. Loser Biggest loser was the three-room apartment a short stroll from the beach in COLWYN BAY. The £15,500 price tag means its value has plummeted £118,450 in 13 months—a loss of around £300 A DAY. £15.5k for a place in Criminal Bay?? no thanks....
  14. The FTSE futures at IG Index are pointing towards a 300 point fall at opening tomorrow. Now below 4000....
  15. " It's looking very black across the asian markets right now......biggest drop at the mo is -3% " Now > 4% ....
  16. ive seen a few discounted, but am seeing more properties being offered with £5K cashback / 5 % deposit paid / stamp duty paid - these are not new builds and are aimed at trying to entice FTBs to bite. No thanks... BTW anyone know where these cashback/deposit paid are deducted from?
  17. http://www.thisismoney.co.uk/mortgages/mor...p;in_page_id=58 "Mortgage customers at HSBC have been offered a rare ray of light in a gloomy property market after the bank said it will match their current rate when they remortgage. Price match: HSBC will match existing customers' fixed rates that end before the end of April The High Street bank has delivered a boost to those fearing 'rate shock' when their fixed-rate deals end by offering to give them the same rate again, for two, three or five years. " maybe they have a small number of customers who are coming to end of deals before april?
  18. Wales Avg. Price Jan 08 £173,636 Avg. Price Dec 07 £180,409 Monthly Change -3.8% Avg. Price Jan 07 £180,761 Annual Change -3.9% Down by 2K in Wales? Might want to revise that figure. Now if we multiply the correct figure by 12?
  19. http://www.redrow.co.uk/reassure/house_price_protection/ "Our promise to you is simple: If you buy a new Redrow home and sell it within 3 years, and can't get what you paid for it, Redrow will refund the difference up to 10% of the price paid." ANYONE REASSURED??
  20. week in week out on ITV Wales starting now is highlighting how buggerd some people are in Wales
  21. http://www.telegraph.co.uk/news/main.jhtml...property101.xml Last week a two-bed flat in the canal side area of Bingley, West Yorkshire, fetched £105,000 – a far cry from the £179,995 that it was originally sold for in July last year. Others have been sold for similarly large discounts. Many investors who have had their fingers burnt claim that they were duped into paying too much. Meanwhile, property experts warn that the problem could get worse, with local authorities granting planning permission for hundreds of blocks of flats each week and developers still offering generous incentives to potential investors. Matthew Loades, an investor who is losing money from his buy-to-let properties, said: "I think there are tens of thousands of people out there who like me jumped on the apartment bandwagon thinking they were on to a winner. Now they are feeling the pain." Recent research also suggests that two-thirds of buy-to-let investors are not making enough from their rental income to meet their mortgage payments. Duped into paying too much? Mwahahaha... FEEL THE PAIN!!
  22. House prices climbed 0.2% this month according to land reg. what to believe??.....
  23. land reg is showing MOM up 0.2% http://www.landreg.gov.uk/assets/library/d...ts/hpir0907.pdf
  24. http://www.landreg.gov.uk/assets/library/d...ts/hpir0907.pdf
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