Nabby81

Valarie However taking other peoples money for her own mortgage is just fine I can identify alot with this article - no Bank of Mum and day for me hence I'm renting all my friends have houses not a single one saved themselves for or ever paid rent .I also agree that it causes tension , I find myself avoiding invites as sitting hearing them talk about how much there house is worth now is pretty depressing .

East London: Josh Homans of Valunation:

How can you be mis sold an IO mortgage exactly ..by very definition being called ''INTEREST ONLY '' tells you exactly what it is and what you pay

In Luton all I am seeing is reductions on RM but from insane prices to start with , people still going into BTL here though one road close to trains station is half a mile of For sale /Sold /To Let /Let signs House on my road 3 bed sold for over 300k and straight onto rental market , other 3 beds close to me same thing. Then you have stories like this http://www.thisismoney.co.uk/money/bills/article-5049903/Sharing-pay-pool-resources.html Celebrating the fact it takes 3 peoples wages to buy a house ..great news lads I'm sure this news will be greeted as great news by the media , the same ones complaining about cost of living etc ..

Sales declined 12.2% this month

Frankly they can ****** off Reading the Standard last night mentioning how this is the first time for some having to have a raise in what they pay for accommodation ...well at Gen rent will tell you most of us have had increases every year !

I can see what it causes people not to move however at this point if removed all I see happening is the seller will raise the price of the house so the buyer will be no better off really

I get a lift at moment I was just using it as an example of the cost

Pretty much ..perhaps they think in 6 weeks you can do a bit of Ubering or Deliverooing on the side to get some extra cash together

FTB getting screwed over then

I recall seeing last week when the wage data was released EA where at bottom of pile for wage growth ...gutted for them

Bus for me to get to the train station in morning 1) Doesn't run before 7 or after 6 2) 55 a month for just over a mile each way

Good point , there is alot of luxury apartments going up in Luton and they give out very little parking provision. Going through the planning applications I have seen that the council's idea is that if they don't provide parking people will use the public transport.The flaw in the plan is the local public transport is too expensive. Where developments have been built you can see cars parked on the street etc The other side of the story is the cost of motoring is so much now ( driving lessons , insurance , car tax , petrol ) the younger generation are shunning it . The annoying part of this however is when they say of these millennials they are all in to their uber and small box apartments etc ..no these are not choices they are forced into this way of life.I was ready an article from I think it was the CEO from Air France describing their new service Joon aimed at millennials http://onemileatatime.boardingarea.com/2017/09/25/joon-routes-planes/ So basically a service which pays staff less than their main services ...so aimed at employing millennials as well then ..

So am I supposed to a) Feel sorry for him that from 170k income from rental he is paying a meagre £7600 in tax or b ) Believe he is actually spending 70k a year upkeep ?

From Guardian

Pendragon issues profit warning 20% plunge in New car sales and 20% plunge in used car sales

Saw that the other day , now people are attached to benefits any attempt to cut them goes the same way The problem as mentioned on here before its the system actively encourages to pop out more kids to increase your benefits .

From the job figures yesterday EA's were plumb last in the pile of wage increases ..for the traditional high street ones charging 1000's for doing nothing much they good times are over I suspect https://doorsteps.co.uk/index.php#how Looking at that even 99 quid seems high ..all they do is take pictures and put it on right move ..you host the viewings yourself. How long until Rightmove etc just allow sellers to advertise directly themselves ?

So average mortgage is just under 125k According to this http://www.tsb.co.uk/news-releases/tsb-is-getting-britain-ready-for-rate-rise/ According to this a rate rise at that point would amount to a whopping £16 monthly rise ...my rent when up double that this year so I fail to see why homeowners are being so protected.If a 16 quid a month rise is going to wipe people out then the country is screwed anyway

well yes but doesn't stop them piling in early

Manchester upswing is people banking on a big price rise from HS2 being built ..

So if no rate rise after these hints I guess the pound is going to take a hit in November ?

Guy is a ******ing Moron , no bubble so the 100k plus increase over 3 years in my town on an average 3bed house is normal behaviour then Mark ..double digit increases whilst wages are in low single figures is also substantially ..

Yes 3% increase in pensions .. House prices are up again ( 5%) so inflation can't be that bad overall if people are still buying at increased prices so see no reason not up increase rates really ...

Very good article