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House Price Crash Forum

raine

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About raine

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    HPC Newbie
  1. any wonder.....2 bed's starting at 160k and if you want a car park space another 25k on top of that......dead on.
  2. haha house's for 15k, whats next buy 1 get 3 free, some people are deluding themselves greatly on here.
  3. so i will be stuck in an apartment full of DHSS and 40k down. worst case scenario surely, everything in life is a roll of the dice and no one knows the future. if the value of property drops another 30% then you have a rush to buy and immediately interest rates jump sky high so it could make no difference anyway. i dont pretend to be an expert, but somettimes you have to make a gut decision to either stick or twist. i may live to regret it but if so its not the first thing i have regretted and it certainly wont be the last.
  4. id imagine its would be easily enough let at £600 which still more than covers mortgage, rates, maintenance fee..... anyhow i've no intention of renting it unless i lost my job (worst case scenario), i intend to live in it for 5-10 years.
  5. http://www.propertynews.com/brochure.php?r...=1&sort=h2l http://www.propertynews.com/brochure.php?r...=1&sort=h2l http://www.propertynews.com/brochure.php?r...=1&sort=h2l http://www.propertynews.com/brochure.php?r...=1&sort=h2l
  6. sorry, worth 138000 was a bad choice of words, i understand prices will fall further. costing 138000 i should have said. the property at 138k buy my calculations is 40% off peak. I understand circumstances change and nothing is certain etc but my background is i'm single with no dependants and mid 20's and if worst came to the worst and lost job etc i could move back home with parents and rent the property out. The property in question is currently attaining £700-£750 a month in rentals.
  7. ah sorry, had a feeling those links wouldn't work. 3 deals were... Ulster Bank 5 year fix at 4.29 - total fee's £295 Skipton 7 year fix at 4.79 - total fee's £1175 Co-op 10 year fix at 4.99 - total fee's £1270 any advice? its a 60% LTV im after on a property worth 138000. I was intending on going with HSBC's 5 year fix at 3.99 but its been pulled. Why are all the lenders starting to pull the 3.99 5 year deals? I take it too many people switching.
  8. If buying a property today which of these three would you opt for? http://www.moneysupermarket.com/mortgages/...ductGroupType=3 http://www.moneysupermarket.com/mortgages/...ductGroupType=3 http://www.moneysupermarket.com/mortgages/...ductGroupType=3
  9. raine

    37% Off Peak

    people on this board talk about 60% falls from peak being realistic but surely before it got anywhere near this BTL'ers would jump on again and the whole thing would take off... the apartment im talking about in my original post would be 88k at -60% from peak and they are currently being rented for £700.00 per month and up and on short term tourist lets £1000 a month.. surely BTL'ers would jump on again long before we get to -60%?
  10. Hi, Im looking at a property in Belfast city centre, im a FTB and the property will be bought to live in myself for at least 5 years. if i had an offer of 37% off peak price accepted do you think its worth going for? Thanks
  11. ok thanks, gave that a go at -50 and the apartment I'm looking to buy is comin in at 110k....finding one at that money is another story.
  12. http://www.hbosplc.com/economy/HousePriceCalculator.asp if i use this calculator and take the value of an apartment from the webiste mentioned on the useful websites sticky then put q1 2005 and q4 2008 for the search dates should this give me a fair price for the apartment in todays market? Or should i be aiming to buy at say 10% less than this again? Thanks.
  13. Hi, no havent heard of it, how do I access that? Thanks
  14. Placed a bid on a small 2 bed (no ensuites) city centre apartment this morning. List was 150k, bid of 130k rejected and EA says it will take 145k to do a deal.....no thanks.
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