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House Price Crash Forum


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Everything posted by LondonToManchester

  1. I'm not I honestly have no idea whats going to happen in the future. But I do think the housing market is bottomed! At the present time I'm not seeing any inflation other than food.
  2. Other than food where is the inflation? We were told TV's and stuff were going to become more expensive! Other than Sony this does not appear to be the case.
  3. Mortgage lending by the UK's major banks has returned to levels seen early last year, figures show. The number of approvals for house purchases rose to 31,162 in May, up 15.8% compared with the same month a year ago. But the British Bankers' Association (BBA) data also shows that borrowing on credit cards has dropped owing to householders' economic uncertainty. Various lenders have raised the cost of fixed-rate mortgages in recent days. http://news.bbc.co.uk/1/hi/business/8114414.stm Back to 2007 soon? Oh and credit card lending is falling!
  4. Around the 500 for just finding a tenant and doing the paper work. There are cheaper agents but when ever I have used them there paperwork has just been rubbish!
  5. The agant I use in Manchester charges tenants around £400 in fees. These include all sort from registration to checkin and everything else inbetween. Some of them are non-refundable. I don't like it but there the only agent that seem to do a decent job.
  6. The Council of Mortgage Lenders has cut its forecast for the number of homes expected to be repossessed in 2009. The lenders' group predicted that 65,000 homes would be repossessed this year, 10,000 fewer than the estimate it made in December. The figure would still mark a sharp rise from the 40,000 homes repossessed in 2008. The change comes as a scheme offering last-gasp free advice in courts about repossessions in England was extended. http://news.bbc.co.uk/1/hi/business/8112465.stm Only 65k doesn't sound that bad some bears were predicting over a million LOL.
  7. Have you just asked your landlord if its ok to leave early?
  8. I'm not worried and actually think it's a good thing. Less BTL means more tenants for me!!
  9. Dude did you miss the >2% increase last month? Plus job losses are not as bad as people feared they would be. Better still inflation is falling which means low rates will be around for a while longer!
  10. Hey where have you been! Hiding since the recovery started! Are you one of the bears that has bought? come on be honest. Anyway we did this yesterday
  11. As someone with multiple mortgages and large savings, I'm not overpaying. My reason for not doing so is that I don't know what the future holds. If I do lose my job I want a cushion! Plus I can always overpay at a later date.
  12. What do you think worth a punt buy a couple of thousand and leave them in the draw for a few years?
  13. Are housing costs included in this figure? I did not think they were!!
  14. I guess rates will stay low for a while longer?
  15. http://news.bbc.co.uk/1/hi/business/8102231.stm UK annual inflation slowed again in May as the Consumer Prices Index (CPI) fell to 2.2% from 2.3% in April, the Office for National Statistics (ONS) said. The small decline means the figure remains above the Bank of England's target of 2%. The annual inflation reading was the lowest since January 2008. Another inflation measure, the Retail Prices Index (RPI) - which includes mortgage interest payments and housing costs moved to -1.1% from -1.2%.
  16. Have you asked the landlord why they did that?
  17. Where the f**k is the spin!! there has been a rise get over it!
  18. Why do so many bears here want to see a depression? Just so they can say I told you so? I want growth it's good for everyone! including bears!
  19. Started noticing more jobs being advertised in the IT sector (London). Plus a few of my mates have found jobs after being on the dole for a while in Manchester (Low Level work there not educated or anything)
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