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House Price Crash Forum

Fred

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Posts posted by Fred

  1. Don't know why, but I have a sneeky feeling there is going to be some big news to try and take the spot light off house prices these coming months.

    We can't be far off another staged 'terror attack'.

    Nothing like a bit of constructed fear to justify random government ideas (like ID cards- we havent heard from them in a while) or to bury bad news in other areas.

    Come to think of it, they have blamed pretty much everything on terrorists, why not blame our poor economy, pending house price bubble bursting, collapse of the banking system or coming recession on them as well!!!!

  2. Firstly I will point out I know very little about shares etc!!!

    I was wondering if anybody has shares or knows much about the Utah Uranium mining company?

    From what I've read and from what a chap at work has told me (he has lots of shares - £5000 in this company) they look set to be a very big thing indeed.

    Shares are currently around $0.50 but could end up well over $10.00, maybe even $20.00 (apparently).

  3. Ive just been looking at renting a small 2 bedroom house (worth about £115k).

    I have never rented before so dont know much about these things but apparently there is a £250 setup fee which included credit checks etc.

    Is that normal?

  4. I was always thought LTV meant....

    90% LTV on a £100k house means you can borrow £90k

    95% LTV on a £100k house means you can borrow £95k

    Seemingly not :unsure:

    EDIT-

    Just found this on Halifax's website:

    "Loan to Value (LTV) is the proportion of the value or price of the property (whichever is the lower) that you borrow on a mortgage. For example, a £90,000 mortgage on a house valued at £100,000 would mean a LTV of 90%."

    So how does going from 95% to 90% mean you can borrow 50% less????

  5. The only one that has a methodology that can produce such swings -- Rightmove.

    Your not wrong, just read it in another post.

    I'm left gobsmacked to be honest. Not sure if I want to burst out laughing or start crying at the fact 1000's upon 1000's of people will read this and think the housing market is POWERING ON, setting new records, up up and away - it will never stop rising.

  6. "The Bank of England is being ridiculous. House prices are now falling, retails sales are down and they think a 0.25% cut is going to help. We need to cut interest rates big time like they have in the USA to get house prices back on track.

    NotRocketScience, Dorset"

    You don't understand how much stuff like this winds me up! :lol:

  7. Slightly off topic but with all this credit card tightening mention in this post I will just add that two weeks ago Barclaycard increased my credit limit by £2000. Over the last 4 years I have had it, I have only ever not paid it off in full one month.

    Useless info I guess but it does show not all banks are going in the same direction.

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