Nabby81
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Everything posted by Nabby81
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You could try Property tracker on Chrome its not as good as PB though
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I'd assume that the change in law meaning the the £200 month from the government now being a loan means Santader know that in the event of their deaths the government will be taking back that loan , in effect if they live another 10 years they are going to owe the Gov 24k to come out sale of the house .
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Wasn't it that Lloyds up the fees to use their system from 93mil to 200mil which drove TSB to move over ...either way as they split from Lloyds they had to move systems eventually but as part of the course in banking IT the clearly cut corners somewhere Another way to look at it is this is the fall out from forcing Lloyds to sell off part of the business in the first place ....
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Tend to agree , to start with should falls like that start to happen Labour will suddenly decide cheaper housing is bad and demand the goverment do something and the Tories will react with another insane HTB type of support
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Why mass immigration explains the housing crisis
Nabby81 replied to highcontrast's topic in House prices and the economy
Well certainly seems to have helped the infamous Fergus Wilson https://www.theguardian.com/money/2015/sep/12/fergus-wilson-rent-rise-property-kent-maidstone -
When does he want to pay it back then ,and as he gave all that cash to his kids to buy 10 years ago have they not made enough in HPI to give him it back ...
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BBC taking up HMGov slack..
Nabby81 replied to Maximus Skepticus's topic in House prices and the economy
What an epic load of ******** her biggest saving in the week was the haircut that she wouldnt do every week so in reality her off peaking saved her about 30 quid ..and the biggest saving she is going to make is moving back in with her parents ... -
https://www.thesun.co.uk/money/5862012/thousands-of-help-to-buy-mortgage-borrowers-trapped-due-to-lack-of-choice-and-high-fees/ Oh dear ...
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I think another rude awaking is the fact that wages will not go up to inflate away the mortgage Somone paying 40k for a house in the 90s but the time they retired could conceivably be earning 40k a year ,hell they could be working in retail on 16k a year and it would still be just under half of what they paid.Now do you think those paying 250k for a 2 bed flat now will find in 10-20 years that their wages have gone up to half that ...not a chance in hell
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Housebuilder unable to boost construction of new homes
Nabby81 replied to frankief's topic in House prices and the economy
So that pesky 4.5 income multiply is hurting them ..assuming this is even with HTB then things have reached breaking point in the SE. -
Council Tax Bill just landed
Nabby81 replied to Mikhail Liebenstein's topic in House prices and the economy
No bill yet but council have announced its going up 6 % -
Exactly !! How can you argue you didn't know what it meant when its described so clearly !!
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I find this one the most interesting , in my neck of the woods we have planning permission being given for endless amounts of 1 bed flats. Historically these would be what the young person would buy to get on the 'ladder'' but here's the thing these young don't have the money as individual to buy so 2 things happen 1) they are buying older and 2) buying as a couple which means they are skipping the first step and going for at min 2 bed flats.. So now add in BTL running for the hills and who exactly is going to buy the literally 1000's of one beds granted planning permission in a 1 mile radius ....
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This is a good point on top of the low rates and HTB this is another factor sustaining the pricing levels
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The Vauxhall site in Luton is now finally being developed as housing , in the 18 years or since it ceased production the prices in London have moved the commuter belt out far enough that its vaible to build 200k 1 bed flats on the old site..IBC ( they build the Vauxhall vans) are still here right next to the development but with a train station across the road and the size of the area they could sell it off for housing at great profit.
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So these people will 1) get fees on the loans 2)could find when they come to then end of their mortgage deal the rates will go up 3)as alot of these are flats with leasehold good chance the leasehold fee's will increase too ... How does remortgaging work then , aren't their specialised mortgages for HTB ? Where the likely 100's of thousands owed to the goverment come into remortgaging now you have to pay fee's ?
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They have so I can't see them lasting , at the very least the manufacturing will be moved.