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noname

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About noname

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  1. http://www.expressandstar.com/2008/05/06/r...er-huge-losses/ Removals firms in the West Midlands are suffering crippling losses caused by the impact of the global credit crisis and slowdown in the housing market. Some are reporting a huge downturn in business. Chris Burke, director of Wolverhampton-based Burke Brothers, said: “To say things are bad at the moment is an understatement. They are dire.”
  2. That happened in Blackheath. Blackheath is very, very nice and very, very expensive.
  3. Your budget would get you a 2, yes 2, bed flat in Erith. A 2 bed flat in commuting distance to London for under £100K: http://www.rightmove.co.uk/viewdetails-102...=4&tr_t=buy And isn't it lovely?
  4. As you say "So the gaff is over £500,000 due to the 4% SD," and original poster says "Income multiplies on the old basis (3.75 times) calculation works fine" which would indicate a salary of at least £120,000. I know London is expensive but if you're earning £120,000...
  5. Recent BTL'ers must be sh*tting themselves indeed. £150K in London would get you a basic flat that you could rent out at, say, £700-ish. No way £1,000+.
  6. Just south and east of Thamesmead is Belvedere. It's much nicer (but some steep hills as you move in from the river) and parts are quite cheap http://www.rightmove.co.uk/viewdetails-145...=1&tr_t=buy Erith is also cheap (further east) and is being redevolped.
  7. 650 for a 1 bed flat is probably average even in Thamesmead these days.
  8. You should certainly visit the area on a Friday/Saturday night. Parts of Thamesmead are not very nice. And some parts are not very nice at all.
  9. If they'd kept to no more than 3.5x salary, then on £27K (as you say, more than the average full-time salary in the UK) you'd need a £55K deposit to buy at £150K. That should take a good few years of saving...
  10. AOL did a feature on the 10 top earning professions recently. Company directors were number, averaging a whopping £170K plus. Forget the others but number 10 was just a shade over £50K. Others at the bottom were also £50K-ish. According to ONS, the average full-time salary in the UK in 2007 was just under £24K http://www.statistics.gov.uk/cci/nugget.asp?id=285 So £700 for the average person is a significant amount of salary.
  11. The Independent is also speaking of a 'crash' today. http://www.independent.co.uk/news/business...hes-825765.html "Up to 1,800 estate agents may go bust by the end of the year unless lenders ease up their squeeze on new mortgages, as fears grow that the UK is heading for a full-scale housing crash, with price falls of up to a fifth."
  12. The 'crash' has barely started. http://www.ft.com/cms/s/0/d6065c60-1d29-11...0077b07658.html
  13. I agree. I think the market will see a prolonged standoff with sales grinding to a near halt before prices drop.
  14. I check Rightmove for my area and have noticed that too. The same properties are always there. Very little looks like it is selling. I also noticed in my local paper recently that a couple of EAs took out full pages adverts calling for landlords and offering attractive deals for lettings. And a local EA has put a banner in the window calling for landlords.
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