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  1. Not the biggest price reduction from those listed on this thread as it's a mere reduction of 24% from £1,250,000 to £950,000, but it was interesting that it is listed from the EA that I contacted regarding properties in the Cotswolds around the last time we were seeing month-on-month reductions; early 2009. Anyway, whilst I provided them with an overview of the issues being highlighted on this forum, I was informed by the EA, in a reasonably forceful yet polite tone, that the market in the Cotswolds is very different from the rest of the UK and that house price reductions weren't being experienced at the same levels within the Cotswolds' micro-economic climate as the majority were cash buyers and employment remained plentiful for purchasers; as either main or 2nd homes. At that stage they did highlight that vendors were being vastly over optimistic with their initial pricing and, with so few properties on coming on to the market, EAs would significantly over-value to secure the business of marketing limited properties. However, now the market is flooded, it looks like the vendors tactics have not changed and further 'reasonably' dramatic reductions will be required to entice buyers who have that level of funding available. It now looks like things are changing within the micro-economic climates that were never affected by a house price crash. Bring it on........ http://www.rightmove.co.uk/property-for-sale/property-26133259.html Wed Aug 11 11:40:20 2010 * Detailed Description changed: An immaculately presented Cotswold stone family house with an excellent two bedroom self-contained annex and a large garden, quietly situated on the edge of the village overlooking fields. Porch, reception hall, drawing room, dining room, sitting room, study, conservatory, kitchen/breakfast room, utility room and cloakroom. Master bedroom with an ensuite bathroom, dressing room and balcony, guest bedroom with sitting room and ensuite bathroom, 3 further bedrooms and family bathroom. Separate cottage with 2 reception rooms, 2 bedrooms, kitchen and shower room. Large double garage, barn, parking, gardens and grounds. In all approximately 0.65 of an acre. Joint sole agency with Knight Frank. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in the employment of Harrison and Hardie has the authority to make or give any representation or warranty in respect of the property. Harrison and Hardie has not tested any fitted equipment or services and intending purchasers must satisfy themselves as to their working order. * Price changed: from '£1,100,000' to '£950,000' Thu Jun 10 08:02:01 2010 * Price changed: from '£1,250,000' to '£1,100,000' [Found by n/a] Fri May 28 10:19:32 2010 * Initial entry found. [Found by n/a]
  2. Big hugs from the MSE Site, but worth a read if you're thinking of putting the majority of your STR Fund into Premium Bonds: http://www.moneysavingexpert.com/savings/premium-bonds
  3. Surely he should recommend pouring their cash into Iceland - that's what he did to the rest of the Country?
  4. You'll never guess what is the top headline on the BBC News on Ceefax (Page 101 not Digital) at the moment - 'HOUSE PRICES RISE 'MOST SINCE 2004'. No VI from the BBC then?????!
  5. Support your points 110% for the Focus. However, try doing it on certain Audis, a Volvo or even certain models of the Golf and you'll be hard pressed to beat the prices with scrappage - VW dealer highlighted that the Scappage Scheme had devalued their product! For example and with scrappage, I also looked at a Volvo C30 1.6 DRIVe S Diesel that was offered at exactly the same price by 2 dealers for £11918, but the What Car target price is £14468; price difference of £2550. Whilst I appreciate that the What Car Target price is not the lowest price available, it is a reasonable indicator and is not far from some of the internet prices I've found. However, as I stated earlier, I fully agree that better deals are available on certain brands.
  6. This story has hit also the headlines today on the Brown Broadcasting Corporation: http://news.bbc.co.uk/1/hi/business/8186992.stm Anyway, got me thinking of using the scrappage scheme to lever a deal on a new car. Interestingly, some of the dealers highlighted that they didn't expect it to last longer than the end of September rather than the longer timescales in the report. Therefore, I was unsurprisingly told to be quick and get an order in! Some of the delivery dates for cars I wanted were around the 12 to 16 weeks (Golf, Audi A3) and I asked if I did wait, could the vehicle be delivered as a 2010 registered vehicle; presuming that a 2010 vehicle is worth more or more desirable than a 2009 one? The majority of dealers said yes, but when I highlighted that VAT was going back up to 17.5% on 1 January 2010, they said that the price paid would be the VAT rate at time of delivery, not at time of order. The dealers that I spoke to had not considered the VAT issue and they accepted that it could have a significant affect on new car sales from next year. Guess if you are thinking of using the scrappage scheme, it'll be time to get in before it ends and can get delivery of the vehicle before the VAT rate increases. Not long now before we return to seeing headlines showing new car sales have once again been decimated.
  7. That's what I thought and questioned them when their rate went up to 3%. I closed down my original account and then opened up another at the 'New Customer' rate. Only pain was having to send the proof of identity again for relevant checks, even though I kept the same customer number, just different account number.
  8. I appreciate that each to his own and the areas that we wish to purchase within are entirely different depending upon your own savings/earnings/location etc. However, I have 6 figure deposit as a FTB, but my age is not anywhere near the usual FTB and dreamed of around 40% to 50% reduction that the likes of FP 'promised' would happen that gives me nowhere near, at current prices, the power to achieve what I want. Maybe I'm naive, like the rest of us, and Sibley et all is correct; maybe I'll regret posting this... I just want to know which way to turn and silence the shepple that think I/we are wasting our time/investments.
  9. I've sat here and waited. I've listened to the, who I consider, more knowledgeable on the economic outlook and I've seen little of the house price crashes that were apparently inevitable during 2007 to 2009. I appreciate that a watched kettle never boils, one Swallow doesn't make a Summer, and I've seen a number of hardened Bears falter as I'm sure you all have. Personally, I feel that I am in a massive gambling game at the moment and it is little more than that; prices are still at, or around 2007 levels in my area and the odds are not dropping that fast or at all. I'm not for turning, but things are not going as the relentless posts of Tin Foil Hatters and the more optimistic offer. What is going on and when does the normal person jump in as, like many, I'm just confused???????? Edited: poor spilling
  10. The endless cheques that a Credit Card Company sends you looking for you to spend on them and they earn significantly higher interest rates than standard transactions; believe they can be used in the same way as normal cheques from your bank? MBNA, are one abuser of this system.
  11. Wasn't it Baron Rothschild that stated “Buy when there’s blood in the streetsâ€. If there is blood on the streets tonight, then at 2007 prices I'm still not buying yet!
  12. Surely this can only add to Nationwide's argument that house prices are stabilizing? http://news.bbc.co.uk/1/hi/business/8126516.stm
  13. I bet the 56-year-old husband Adrian, who has a 37-year-old wife is laughing!!! However, every silver lining has a cloud and his is that he's married to an EA....
  14. Update on the property listed: Thu May 28 10:03:16 2009 * Status changed: from 'Available' to 'Sold STC' Be interesting to see if the sale goes through and at what price against the £575k they were asking for. Sadly seeing this kind of thing happening too often........ "Dead cat bounce, the worst is yet to come and Sibley is not right".....he isn't.........is he.....?!
  15. This classic from Viz sums private plates up for me: Save money on expensive personalized car number plates by simply changing your name to match your existing plate. Mr KVL 741Y
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