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LondonToManchester

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Posts posted by LondonToManchester

  1. 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.

  2. 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!

  3. 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!

  4. 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.

  5. 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!

  6. http://www.telegraph.co.uk/finance/newsbys...ding-falls.html

    By Myra Butterworth

    Published: 6:35PM BST 18 Jun 2009

    CML cautious on house prices as lending falls

    House 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

  7. 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%.

  8. 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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