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LondonToManchester

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Everything posted by LondonToManchester

  1. is he saying two thirds of first time buyers are spending more than 175k? on there first property? Dam what do these people do for a living?
  2. Bro you live in Bolton i'm sorry if theres anything I can ever do for you give me a shout
  3. Valuation takes place tommorow between 10 and 12 not sure when I will find out though. The place is very close to didsbury village. I know what you mean by didsbury point though. Wish me luck if I can't maintain my 75% LTV then theres no point in me remortgaging i may as well stay with my current lender.
  4. Man i need to stop posting housing news from the BBC. Why can't bears understand the rate of decline is pointing to the bottom of the market? ANyway you put it I'm a happy bull or I was until isaw the alcohol rise in the budget
  5. Oh yea i read this stuff before there is nothing in my contracts about maintaining a LTV
  6. Mortgage lending picked up in March, according to figures from the Council of Mortgage Lenders (CML). Gross lending stood at £11.5bn, up by 16% from February but still less than half the amount lent in March 2008. Earlier HM Revenue & Customs (HMRC)figures showed there had been a 40% jump in home sales in March. The CML said the March increase was a normal seasonal rise and warned that lending and house sales would remain low for the "foreseeable future." Despite the jump in March, the lending figures for the first three months of the year were the lowest for any quarter since the start of 2001. However Michael Coogan, director general of the Council of Mortgage Lenders (CML) said the latest figures were a step in the right direction. "It's a seasonal factor here that people start to look around to move house in the middle of the better weather," he said. "What we said at the beginning of the year was that we expected over the course of 2009, £145bn to be lent, and we are on track with that forecast, and that has to be compared with £363bn in 2007," he added. Picking up A growing number of indicators now suggest that sales may have hit rock-bottom after the dramatic slump of 2008, and could now be starting to rise. The HMRC's figures showed 60,000 property sales in March worth at least £40,000 each, compared with 43,000 in February. The number of mortgages approved but not yet lent, a key indicator of future activity, has also risen recently according to the Bank of England. And during the past few months estate agents have been reporting a rise in the number of enquiries from potential buyers. "House price activity is beginning to pick up to a limited extent in response to the substantial fall in house prices from their 2007 peak levels and markedly reduced mortgage rates," said Howard Archer, chief economist at IHS Global Insight. http://news.bbc.co.uk/1/hi/business/8011719.stm It's a really bad day for bears today
  7. What did I fail to address? and why call me a lier what have i lied about? Finally Get rich or die trying
  8. Dude you I got to do something about my spelling you don't know him
  9. Actually no my farther worked on the 50 year cycle. He's the one that sort of mentors me it's nice to have that safety net. I started at 25 and I will finish at 75 at which point (if i am still alive) I will hand everything over to my kids.
  10. Simples Basically there are now enough people with enough of a deposit to buy Is that so difficult to understand? As prices have fallen affordability has increased think about it! And as someone you has a STR fund which must be earning you massive interest at the moment you are also a VI so don't pretend buddy!
  11. I do think that has all been priced in thats why we saw around a 20% drop. Is it me ignoring whats happening or is it you? Why do you continue to refuse to see that the market may have bottomed out?
  12. Tough to call IMO. If you plan on living there for atleast 5 years and can get a 85% LTV fixed for 5 years. GO FOR IT!
  13. Why is it that when we get figures which bears don't agree with they have been fiddled? When figures come out which bears do agree with there the god honest truth!
  14. True but there will always be poeple who are priced out no matter what the price! Someone has to pay my BTL. We just need enough people to trade at a certain price!
  15. I never said i thought that was the case! What i think it tells us that we have reached prices people are willing to pay! Which to me indicates the bottom so we will either get stagnation or increases. Just not more falls!
  16. Thats the tough choice for me at the moment Sould i use my fund to decrese the LTV on existing properties? Or should I use it to buy more?
  17. I began working on a 40 year cycle and am on around year 3 of that cycle. Who knows in 38 years time will i have beaten inflation or would it have just been better to put the money in the bank! Atleast at the end I will have something to pass onto my kids!
  18. The number of people being made unemployed is less than what most people expected! The rate of decline is falling.
  19. Yea english not good of mine! What i think it's suggest is that the market is close to the bottom!
  20. The number of people out of work in the UK rose another 177,000 to 2.1 million between December and February. The number of people claiming jobless benefits rose a smaller-than-expected 73,700 last month to 1.46 million. Average earnings rose 0.1% in the year to February, down from January's figure of 1.7%. The unemployment rate was 6.7% for the three months to February, up from 6.1% the previous quarter and 5.2% the same quarter the previous year. http://news.bbc.co.uk/1/hi/business/8011732.stm
  21. Is it me or is it you that fail to grasp the basics? The short term trand is down but the long term trend is up. Is that to difficult to understand or are you that dumb that you belive prices will keep falling all the way to zero?
  22. The number of homes sold in the UK jumped by 40% in March from the previous month, according to figures from HM Revenue & Customs (HMRC). There were 60,000 property sales worth at least £40,000 each, compared with 43,000 in February. The figures suggest that the slump in home sales seen in the past 18 months may be coming to an end. Even when the figures are adjusted for seasonal trends, they still show a rise from 54,000 to 61,000, a jump of 13%. The data is in line with other figures from the Bank of England, which showed that mortgage approvals rose significantly in February after stagnating for six months. And surveyors have reported a steady rise in the number of enquiries at estate agents from potential home buyers during the past five months. But mortgage lenders warned that a strong revival in the market soon was unlikely. http://news.bbc.co.uk/1/hi/business/8010785.stm Bad Bear Day!!!
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