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AskFrank

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Everything posted by AskFrank

  1. I'll be saying in 6 months ...I told you so. Look around. The media will catch up eventually, but by then it will be too late for many with limited deposits and those with hopes of a bigger property.
  2. I don't know where the UOE is now in the league tables but I know 10 years ago it was just below the top five for quite a few years and I was very proud to get an offer.
  3. Lmao. Oh how I've missed watching hormonal Kirstie.
  4. You make a good point, but at the end of the day it's about protecting my family, our home and our future. I wouldn't base my plans on what I may or may not get from the government. Do you think they will really carry on with SMI for much longer?
  5. Thanks for all the replies. Some really helpful responses. 0.5% ....the rate situation does matter because it's not going to be easy at all to pay off this mortgage, we're going to have to go without a lot over the next couple of years, but we want to be able to give our kids every opportunity at an age when they would start to remember things. That's the only reason we are doing this.
  6. Honestly, we can't wait anymore. Been out of the property market nearly 10 years and we have a family now. Wife wants more babies and I just want to keep her happy now. That was my gut feeling a tracker. Just scared rates will shoot up too quickly. And with Merv, dropping hints, it makes me wonder if he is warning everyone to fix.
  7. Ok, I've found a house and need to arrange my mortgage. I'm having a dilemma as to whether I should go for a fixed or tracker. We plan to pay off the mortgage within 3 years ...5 years max. If all works out and we manage to keep our jobs! My questions: 1. What was the highest interest rate ever? 2. Is it likely interest rates will shoot up to silly levels within 3-5 years? Thanks for any replies.
  8. -1 The crash HAS started. Current status: DENIAL "Why isn't my house selling? " "What's wrong with it?" "Why haven't we had many viewers?" "Ok I'll drop it £10k that should sell it, but that's it!" "Oh it still hasn't sold, but I'm not dropping it more, it's worth the price I'm asking! It's the Estate Agents fault for not working hard enough!" "My next door neighbour has just put their property on for £100k more, and mine is still not selling, what's going on?" "Great we've finally sold ....oh they couldn't get a mortgage???" It's a cycle. Next up, interest rate rises...
  9. Bonus money is not guaranteed, therefore won't everyone start demanding a higher wage? It looks like things are about to turn ugly!
  10. Could you not drop a hint as to where this property is? Even region would do!
  11. +1 The crash is most definitely on in Essex. You could say I am a little spoilt for choice at the moment.
  12. Put in an offer for asking price (at the time I question my sanity considering how prices are plummetting but we really liked the property). Had a call confirming the seller had accepted. Just had a call stating another buyer has put in exactly the same offer. Seller has asked us both to put in our best offer. Now I know there is a legal requirement to put all offers forward to the seller BUT surely if our offer was accepted and we have offered the asking price and the property was taken off the market ...the Estate Agents should have just said the property has sold. What is your view on
  13. How do they know what you can afford and have they actually said to you, you can afford more?
  14. I just got a call from an Estate Agent who I booked to view a property with months ago (back in the summer), who subsequently told me an hour before we were due to view it, that the property had been sold and they'd known about it for days, and hung up on me mid conversation! Riled me at the time! Anyway, seems they have some new staff as this Estate Agent was such a nice gentleman ...he just called to see if we were still interested in buying because if we are, he would like to help us. He said he would personally search through their portfolio, and call me back later to arrange some viewi
  15. Same here in Essex! This morning, there are loads of properties that have dropped their prices by £10k and £15k ...all about the £250k mark. Looks like the local Estate Agents are telling the truth for once! They said before christmas this would happen... properties are just not selling at the moment and the Estate Agents are beginning to feel the pain.
  16. Exactly. I bet he wouldn't have been able to gloat if he bought in Essex!!!!
  17. No rightmove on it's own, does not show price reductions. You need to install Property Bee. Sorry, I just assume everyone has it now! Then you will be able to see all the changes made including price reductions. Hope this helps.
  18. I think you are wrong on this point. Prices are plummeting now. I live in the South East where only a few days ago people were saying that price drops would hit the least. I mentioned just before christmas on this site, that my local estate agent stated that estate agents will be putting immense pressure on sellers to drop their prices considerably in the new year because all Estate Agents are suffering at the moment. And now, check out rightmove, people are dropping their prices by thousands. We don't need interest rates to go up, people are struggling already, and when interest rates DO
  19. Sometimes you just have to state the obvious.
  20. Anyone else experiencing problems in their region? Lots of angry people round here.
  21. Love this one! "Keep your,asking price fully up to the top market price and don't budge a penny. Don't sell unless you get what you want! That way the market will collapse at first, but then come back much more healthy at the,earliest possible time. Every sale near you that sells under value just damages you! Do not take advice from any estate agent. It will be extremely biased in favour of getting business for them and never for any benefit to you! At this time the only properties up for sale should be those poor unfortunate souls who have no other recourse left such as those un
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