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RDW

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Posts posted by RDW

  1. ....so they are waiving their admin fees then? ;)

    The Stamp Duty Special deal will run from today until 7 July and includes a 60 per cent LTV two-year fix at 2.54 per cent and an 85 per cent LTV two-year fix at 3.84 per cent.

    Even with no admin fees, if they borrow the money at 0.5% and lend it out at these rates, they are still making an absolutely stonking profit for doing effectively f' all.

  2. http://www.burnham-on-sea.com/news/2013/hinkley-collapse-fears-23-04-13.php

    EDF playing chicken with the government, as far as I'm convcerned, I don't think there's any doubt that this will go ahead.

    I live about 5 miles away, Hinkley B is on it's last legs, running at about 70% capacity, even then it has been given an extension.

    The safe thing to do is build c and shut b asap.

  3. I've not seen this one posted here

    http://www.dailymail.co.uk/news/article-2261144/The-families-trapped-homes-theyve-outgrown-Plight-second-steppers-afford-property.html?ito=feeds-newsxml

    Growing families have no choice but to stay in homes that are too small because they cannot afford a larger property, a report reveals today.

    For many years, one of the biggest worries about the housing market has been the struggle faced by first-time buyers who cannot get a mortgage.

  4. Here's the rightmove link.

    http://www.rightmove.co.uk/property-for-sale/property-24873567.html

    My thinking to my valuation is.

    1. There is no garage that has been converted to make the downstairs bedroom, which I would use as a study / office.

    2. I don't really think it's 5 bed, you have to walk through the middle upstairs room to get to the two far bedrooms. I would use the middle upstairs room as an upstairs living room.

    3. The 4th upstairs bedroom is a bit small, under 7 feet wide, I would probably use that as a sewing room for the misses.

  5. Hello

    A house in my area that I am interested in came on the market a year ago at £465k, during spring 2012 it dropped down to £435k, then at the end of summer it reduced again to £399k.

    This asking price was now getting 'closer' to my valuation of £350k, which is the maximum I am prepared to pay for this particular property.

    So as I was working away during Summer & Autumn, I thought if someone wants it for £399k they can have it, otherwise I will go and view it and put in my 'cheeky' offer of £350k.

    Well in the meantime the property comes off the market and then gets put back on with the same agent at £435k, and has been like it for about a month now.

    Now I'm thinking that my £350k offer would make me look like the one who is deluded.

    Any advise from you guys ?

    PS. My misses suggests I ring the agent and tell them they have made a transposition error, when the agent re listed the property at £435k, they meant to type £345k. :lol:

  6. For that stat it's the worst December drop in at least 10 years - who knows it might even be the worst December drop ever or at least in living memory.

    It doesn't bode well for 2013.

    Sell while you've still got the chance.

    If you look at this report, page 4 has the historical numbers for rightmove in 2002

    http://www.rightmove.co.uk/news/wp-content/themes/news-theme/pdf/2002/dec.pdf

    Jan 2002 shows a MOM fall of 3.9%, so I'll give you that, worst fall in 10 years, but not 11.

  7. Who do we keep borrowing from or to put it another way who is it that happily keeps buying our Government Debt ?

    My kids asked me for a definitive answer . Being teenagers even they can see that the bank of England printing money like confetti cannot go on ad infinitum.

    What should I tell them as they are at that age when some of the alternative theories (Illuminati, lizards etc) seem to make more sense than the 'real' situation.

    The Future

  8. Watching some HOME tv program last night early evening - about buying dream houses. Couple looking in Devon.

    They view some in their budget and also get taken to one that is well out of their reach (pure property porn)

    http://www.rightmove.co.uk/property-for-sale/property-39833915.html

    This was on for £4M they said - and the program was made in 2008.

    Now on for £2.1m

    http://www.dailymail.co.uk/property/article-2047433/The-3m-house-sold-extreme-discount.html

    http://media1.fineandcountry.com/v3/clients/193/properties/50007994/MED_50007994_50008728.pdf

    Just down the river from our old favourite.

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