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Everything posted by Tonester
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£295,000 for a maisonette above a bar? http://212.50.188.105/cgi-win/vebra.cgi?de...1/STATI/16322/1 Bargain
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£428 Per Square Foot In Cambridge
Tonester replied to camem''s topic in House prices and the economy
I've had a look around these, merely out of curiosity (I think the saleswoman spotted this immediately ). They are nice, and currently very white and sparkly with 2-3 balconies, but not much more room than a typical Victorian Terrace. Not even sure you get free wellies next time the Cam floods! -
Calling All Cambridge-based People
Tonester replied to Jayne The Payne's topic in House prices and the economy
Cheers for organising - was good to meet everyone. It's not normal pub chat to talk about houses etc. but occasionally is fine - and I'm not surprised we managed till closing time! As for next time didn't you volunteer Redwing? -
E C B Mulling Over A Possible .50% Hike
Tonester replied to Realistbear's topic in House prices and the economy
Surely Irish prices must already be well on the slide? -
What Is The Real Value Of Property Right Now?
Tonester replied to a topic in House prices and the economy
I think you're safe from negative equity even if you may regret not cashing in now. If you are self employed then you may be in a position to actively use the equity you have built up? Mortgage multiples by and large nestle at the level interest rates are. 5x now is just as affordable as 3x in early 90s when rates were high. However, as someone pointed out they would prefer a small debt at high rates than the other way around. -
Has Mervin Just Swerved The Market?
Tonester replied to smiley's topic in House prices and the economy
There had also been 4 interest rate increases by that point. 2004 Aug 5 up 4.75% Jun 10 up 4.50% May 6 up 4.25% Feb 5 up 4.00% 2003 Nov 6 up 3.75% Jul 10 dn 3.50% -
Calling All Cambridge-based People
Tonester replied to Jayne The Payne's topic in House prices and the economy
I may be able to make this - carlton arms not far from me. -
We All Want Rates To Go Up, Right
Tonester replied to camem''s topic in House prices and the economy
The 300k property can ask that much because of the plenty of buyers who bought more than 6 years ago. Say they have a 250k property they bought for 120k 5 years ago with 100k mortgage. They only need to get 50k more and interest rates are still low. The wealth (should they sell) is moving from young to rich with the line drawn at those who bought before this housing boom. A FTB on average wage probably never gets the average house as it takes time to build up the capital. However, now even those on higher wages can only just get the starter homes now especially if single. That's surely not normal. -
An update: http://www.cambridge-news.co.uk/news/city/...9adfbc9e34a.lpf plans have been rejected in current form.
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http://www.sab.co.uk/popup_propertydetails...propertyid=2262 Cambanks £775 pcm http://www.nethouseprices.com/index.php?co...cambridge&year= Two flats sold between £152,000 and £161,000. Let's say £155,000 as our figure. An interest only mortgage at 5% over 25 years would be £645. I admit there are many houses further up the market that may be different e.g. Romsey area would have rents of £800 - £850 but the prices would be £200,000 to £225,000 meaning mortgage of £850 - £900 I may have made some wrong assumption somewhere but I see a lot of mails on here saying people have £500 rent on a £200,000 house etc. This just doesn't happen in Cambridge unless you have been renting for a while and the landlord has been kind enough not to raise rent.
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A Strange State Of Affairs...
Tonester replied to wifeling-smi's topic in House prices and the economy
Remember when they say "sellers are pricing house more realistically" that doesn't mean house prices are going down, oh no. -
I think everywhere will go down once the panic starts, given the power of the media. However, it is still maybe slightly more expensive to rent than buy in Cambridge.
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One thing I liked about Tucker's website is it gives a running account of how many houses it's got for sale. This increased from 200 to 250 since Christmas, but now it has suddenly jumped back to 70!!
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It was interesting reading some of the reviews!
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Radio 4. Listen Again Cos You've Missed It.
Tonester replied to khali's topic in House prices and the economy
You would pay stamp duty on £160,000. However I imagine most cases of this would not be £50,000 difference between real/quoted price since I would have thought the surveyour would be closer to the mark than say it'd be worth £160,000. If the surveyor says it is worth inflated price I guess there's no other way to identify the difference without having bank transaction details following sale? -
Radio 4. Listen Again Cos You've Missed It.
Tonester replied to khali's topic in House prices and the economy
Good question - anyone know about this? -
This is the case in Cambridge too. The two biggest contributors (usually 4-6 pages each week) have a single page showing off how many properties they sold in November!
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http://www.cambridge-news.co.uk/business/m...0bc65688dfb.lpf Hmmm...
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I got the same thing though I think it was a typo because the amount to repay looked about right if it was 17.7% However, how stupid can you be to get the most important figure in your leaflet wrong??? Almost as stupid as anyone would be to take this offer up.
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www.estateangels.co.uk collates all the agents in a particular area.
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The Uk Housing Market - My Thoughts In Full
Tonester replied to Ephraim Bubble Blower's topic in House prices and the economy
Fantastic article! -
http://www.cambridge-news.co.uk/news/city/...6c9d690f481.lpf That makes it around 12 significant developments that have/will spring up in central Cambridge starting from 2 years ago, so say all completed within 4 years: Winstanley Court (Cromwell Rd) St Matthew's Gardens (York St) CB1 (near station) The triangle (over Hills Rd bridge) Senses (on river) St Bartholmew's (on river) Reflections? (on river) Coleridge Rd flats (where school used to be) Rustat Rd appartments. (on railway line) Nightingale Gardens (Union Rd) Church Lane (new development north of river) Longworth Avenue (chesterton) Can't really guess on size of each one but it's a clear boom in building that will take away one of the props of house prices. I haven't even mentioned the new town of Cambourne and 2 new towns planned for the area, oh and Arbury Camps development!
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They have a shoebox size flat in there for a bargin £200,000 I've been told.
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Does the HSBC account have similar limits?