LondonToManchester
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Posts posted by LondonToManchester
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We will only get back to 2007 levels of lending if they print.
However in doing that they will unleash inflation.
It's possible that the current level of lending is what would be deemed "normal", although I think we will see another dip shortly.
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.
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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!
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They're being ripped off.
We charge £100 plus VAT for everything and we are ARLA accredited.
How much are they charging you in fees?
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!
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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.
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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.
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Have you just asked your landlord if its ok to leave early?
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You're a turd.
I know you are but what am I?
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I'd imagine that right about now, London2Manchester and Sibley are just loading the bullets into their revolvers and pouring themselves one last glass of scotch...
I'm not worried and actually think it's a good thing. Less BTL means more tenants for me!!
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However, you appear to have run out of suicidal cocks to keep the pyramid scam going.
Personal attack the best you can do
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I am in the finishing stages of seeing a demerger and multiple new aquisition go through! Busy as an EA on a Saturday morning in the Spring of 2004!
Recovery?
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!
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http://www.telegraph.co.uk/finance/newsbys...ding-falls.htmlBy Myra ButterworthPublished: 6:35PM BST 18 Jun 2009CML cautious on house prices as lending fallsHouse prices will not see a significant recovery in the coming months, the Council of Mortgage Lenders has warned, as figures show mortgage lending dropped further last month...CML said mortgage numbers fell a further 2pc in May, following a decline of 9pc in the preceding month....
The rising level of unemployment (lagging indicator) points to a further drop in house prices of a severe magnitude long before winter and the long dark nights set in.
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
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Well done Total I say!
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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.
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What do you think worth a punt buy a couple of thousand and leave them in the draw for a few years?
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http://www.statistics.gov.uk/cci/nugget.asp?ID=19
I suppose rents must be falling fast, in the private sector
Are housing costs included in this figure? I did not think they were!!
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I guess rates will stay low for a while longer?
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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%.
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Hi there
Please can some one help, i am due to move into new rented acc in 6 days but have been told that the property i went to view 6 weeks ago and loved and has a lovely garden, the LL has now chopped in half with a 6 foot fence
I have given notice where i am and paid for removals, change of address transferred and so on, but i have now been told about the fence by the letting agents. I am due to sign the tennnacy agreement on thrusday but i dont want to do this with a 6 foot fence chopping the garden in half.
Do i have any rights with regards to getting the fence taken down as the house was shown to me with the full use of the garden not half and the LL has access to the garden Via the garage so we dont know if she will rent this land out to someone else
Need urgent reply as i am soon to be homeless and serious out of pocket
Have you asked the landlord why they did that?
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I've noticed that it has improved very slightly. Back in March and April there was pretty much nothing but since May there has been an improvement. A weak improvement but an improvement nonetheless. I'm still applying for a lot of jobs though, no luck so far.
what area and what type of job?
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LOL english test
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April?
Its JUNE FFS!
we ALL know there was a spring bounce, as always.
the spinners are out in force.
Where the f**k is the spin!! there has been a rise get over it!
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You're funny.
I don't want a depression but the more we spend and spend the liklier it became and the tipping point for me was a secretary on no more than 18K a year getting a mortgage for £180K, not sustainable.
We will soon reap the whirlwind of such lax lending practices.
Hopefully she will pay it off may have to stuggle but I hope she manages!
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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!
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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)
'steady Rise' In Mortgage Lending
in House prices and the economy
Posted
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.