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House Price Crash Forum


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About hunterlees

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    HPC Newbie
  1. I got the Bank of England Inflation Report yesterday - predicts inflation at the end of 2010 to be in the range of -1% to +3%. Not much room for error there....
  2. BBC 2 wants to receive comments about this question and the answers are plotted on a map... http://news.bbc.co.uk/1/hi/talking_point/8038768.stm Go on - get stuck in!
  3. If it were not for the fact that this is the only property we have found which we really like (and SWMBO has set her heart on) then I would indeed walk away, but we have no interest in any other property on the market just now. If we do that with the EA and then later go back, there is more likelihood of them negotiating harder. The EA finds excuses to call from time to time, but I think they really just want to know if we are still interested. At some point the vendor will hopefully capitulate, but we will not pay more than I believe its worth. No chain or mortgage issues involved either so we are a good prospect that "Sale Agreed" would actually mean that!
  4. We submitted an offer a month ago on the basis of DCV +5%. for a property in N Down on the market since mid 2008 Vendor wants peak -30% , our offer represents peak -40% Although there have been other viewers, no other offers have been submitted . Interestingly the vendor has told the EA that he doesn't want the fact that we have put in an offer to be disclosed to any other potential buyers. We are happy to wait it out, but as time goes on our offer may have to reduce as well......
  5. I think you need to look carefully at the rate you re paying via your tracker, which may be quite low, and compare the rate you would get on a new deal with a higher LTV. Is there an option to overpay on your tracker and have that take off the loan amount ? (If there is check very carefully when they apply the overpayments to offset the balance - I had a run in with Standard Life about this a couple of years ago) Is is better in the short term till the tracker runs out to just accumulate the extra you would pay on a repayment basis to reduce balance later with a remortgage albeit you will get buttons in interest just now? That's what excel spreadsheets are for!
  6. "exploiting" is a far more meaningful term than "realising the potential" don't you think? Or are all these politicians merely realising the potential of their expenses?
  7. hunterlees


    Was the Netherlee property this one? http://www.propertyfinder.com/cgi-bin/rsea...mp;id=503535608
  8. My theory is that anyone who puts themselves forward for political office should automatically be legally disbarred. My other theory is that judges should decide guilty or inoccent, and juries should decide the sentence.
  9. Two listings from Bangor, both went "Sale Agreed" in February and have now reverted to "For Sale" http://www.propertynews.com/brochure.php?r...=1&sort=h2l http://www.propertynews.com/brochure.php?r...=1&sort=h2l
  10. http://www.propertynews.com/brochure.php?r...=1&sort=h2l Status changed last week from "Sale Agreed" to "For Sale" and also reduced by £115,000 !! On with two agents as well. So if they are prepared to reduce by that much what happened to the buyer? Is this typical of what we will see as buyers pull out when they realise there will be better value to be had later?
  11. A retirement development in the Scottish borders is struggling to get any interest, so the developer is trying to get relaxation of planning consents http://news.bbc.co.uk/1/hi/scotland/south_...and/7950359.stm
  12. 200 million euro loss for Irish builder:- http://news.bbc.co.uk/1/hi/northern_ireland/7958641.stm
  13. There is clearly an element of double counting on sales agreed as I noticed this on the list:- http://www.propertynews.com/brochure.php?p=JMHJMH3055 http://www.propertynews.com/brochure.php?p=TRHTRH49081 Same property, different agents, different prices! What are the sales agreed with a zero value likely to be? - Taken off the market?
  14. "Home reports boost buyer interest" Or so says the RICS... http://news.bbc.co.uk/1/hi/scotland/7923504.stm Perhaps the surveyors who think that is the case are casting an eye over the water to their colleagues getting redundancy advice, and may even have a vested interest?
  15. "He said: "We were already commenting this morning on the definite upturn since the start of the year. Last month (January 2009) we sold five times as many houses as in January 2008. This month (February 2009) we have already sold 40 per cent more houses than last month and there are additional sales in the pipeline at present." I always wonder when people talk in percentage terms -Lets try some numbers out for size- 1 in January 2008 = 5 in January 2009? 7 in February 2009 = 40% more than January 2009? Well the arithmetic works!
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