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ReadingRabbit

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  1. Something specific to UK in MoneyWeek magazine - I don't know how reliable they are or is this just headline grabbing: http://info.moneyweek.com/urgent-bulletins/the-end-of-britain/ From the article: The End Of Britain The next domino to fall will be the housing market. Most mortgages are linked to interest rates. As interest rates shoot upwards, millions of people will be pushed “underwater” by a combination of falling housing values and rising mortgage payments. They claim to correctly predict the Eurozone fallout, the 2008 crisis etc.
  2. I was just speaking to site manager of the new housing development near Reading and he said we are selling 5 houses a day because of this help to buy scheme and there is a mini boom and i should hurry else i will miss the chance He then listed all the conditions for this help to buy scheme I think the mother of all crashes is coming
  3. They have missed Sarah O'Grady. In my opinion she should be at the top Thanks to her many londoners now feel wealthy
  4. Apologies if this has been posted before Call For 30-Year Fixed-Rate Mortgages Housing minister Grant Shapps is to call on lenders to consider offering fixed mortgages of up to 30 years to encourage greater market stability. Mr Shapps will tell a seminar in London he wants to spark a national debate on longer-term fixed mortgages as a "normal and sensible choice". There are currently no mortgages with guaranteed lifelong interest rates, and longer term deals often require hefty deposits. Mr Shapps believes greater use of "portable" deals, where borrowers are able to move house and keep their existing mortgage, could make deals more appealing. Full article here: http://news.sky.com/home/business/article/16092697
  5. Eric Pebbles has posted a fantastic comment on that page: Oct 13th, 2011 Eric Pebbles To: valerie clarke and others You want the goverment to step in and start giving cheap mortgages? This is exactly the reason why we are in this mess in the first place as banks were lending 125% mortgages. Over the period of time the prices will balance themselves, any intervention now will just make the downturn more severe. We had a boom so a bust will naturally follow - this is how any economy rebalanaces itself. When will people realise that rising house prices are not good as they will just push the younger generation in to more debt. Too bad he did not add LIAR LOANS in red colour
  6. See the wiki article about Sarah O' Grady - http://en.wikipedia.org/wiki/Stewart_Jackson :angry:
  7. Could someone please update that image as i just saw on Sky press review -"house prices surge by £68 or 68 %"
  8. 10 years of credit boom have taken the reality out of market, during that era anything would sell. Today the reality is that one needs to put 25% deposit (around 65K average according to The Telegraph) - the market has changed and that kind of money does not grows on trees . The EA and the Vendors still assume people out there are fools who will pay over the odds.:angry: What Frenchy is doing is fantastic - it is bitter but it is the way things are. Well done Frenchy, hopefully few EA's will smell the coffee
  9. Well done Frenchy, we need more people like yourself to put some reality in to estate agents and vendors. After a decade of boom the EA's are just used to lazy money - hopefully that will change soon
  10. amused by this comment We bought our house in 2006 after borrowing 8 times my salary from Northern Rock. It has been on the market for almost a year now with not even a single viewing so far. We just went with price suggested by the estate agent and now he is just asking us to reduce it even further which we can't afford to do as the banks wont let us sell at a lower price. What should we do as we really want to retire to Spain.
  11. Some interesting find, Sarah O' Grady is married to a Conservative MP Stewart Jackson (Peterborough) : Jackson served on Ealing Borough Council in West London from 1990 to 1998, during which time he was Conservative Party spokesman on planning and housing, on which he served until his election to the House of Commons for Peterborough. Jackson is widely regarded by colleagues[citation needed] of all parties to be an expert on local government, particularly on issues surrounding planning, urban regeneration and urban renewal. He is Vice President of the Local Government Association.[2] He also sits on the Board of Management of the local government think tank the New Local Government Network. In July 1999, Jackson married Sarah O'Grady, a journalist with the Daily Express, at the College Chapel at Royal Holloway in Egham, Surrey. As a result, Jackson has regularly been interviewed for stories that have appeared in the Daily Express, or has written articles for the paper himself. Also involved in expenses scandal Source link - http://en.wikipedia.org/wiki/Stewart_Jackson I wont be surprised if he is the one writing these articles under his wife's name as he seems to own a BTL portfolio.:angry::angry:
  12. It seems all the 'houseprices soar/bounce/jump/rise' articles in Daily Express are written by this Sarah O' Grady (greedy??)
  13. Apologies if this has been posted. Plans to reform the banking sector should be put on hold until the economy has recovered and taxpayers have been repaid for bailing out the banks, the head of the British Bankers' Association has said. Chief executive Angela Knight argued that now was not the right time to add to the sector's regulatory burden. Her comments come a fortnight before the Independent Commission on Banking (ICB) is due to publish its final recommendations on how to increase stability and competition in UK banking. The Independent newspaper reported that Ms Knight believed markets and economies were more fragile than when the ICB published its interim report in April and that imposing reforms on lenders risked denting confidence and cutting the supply of credit to the economy. Full news can be found at : http://uk.news.yahoo.com/banking-reforms-must-delayed-134524145.html
  14. Is this paper relared to "House prices soar Daily Express" group? Would be nice if Daily Express goes pop as well.
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