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House Price Crash Forum

hopefulhousewifeagain

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About hopefulhousewifeagain

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  1. I'm of the firm opinion that this site is very important as a finger in the wind (so's to speak) to all the political parties. They all trawl the net looking for info on themselves or the others. As an ordinary pleb I find this site a very useful hub for gathering those little titbits that would take ages to pick through in the press. I think UKIP should be very encouraged by the support they are gathering, which will no doubt make them a target for the rest. Watch it get nasty from here on in.
  2. Just for the record, Solihull is not a "suburb of Birmingham", it is a separate borough with its own MBC. Typical Daily Mail. The article is a pile of devisive crap anyway.
  3. Seriously I think you need help. Your ramblings don't make sense. Are you calling nurses, firefighters, etc. middle class? The cost of public sector pensions is set to fall in the future and as far as I'm aware the nurses and teachers didn't cause the mess we are in now. You have swallowed the Tory line alright, because this is all about a Tory political stance and not the economy, same as University tuition fees. I think you probably spent too much time in the good ol' USA and as you say you owe this country nothing. So what you still doing here then? As for watching them eat sh1t, enjoy your private stash of gold. Hope you've got hard teeth, 'cos it sure is crunchy and not that nutricous when your'e starving. I have no love for any of the three main parties in this country and certainly no axe to grind, except regarding house prices and falling income, same as most people and certainly no affiliation to the public sector, I can't stand it when people turn on each other out of misguided spite.
  4. Yes, On the face of it the change in T&Cs looks innocent enough, but why now? As you say, their fraud prevention measures are working; just getting into their internet bank feels like you need to provide your blood group. Anyway, why just limit the amount that can be withdrawn, if fraud is suspected why not just stop access to the account full stop? It's not clear from their leaflet whether they will change the withdrawal limit at their discretion for all account holders at the same time, or just individuals. By the way, I asked in branch and no-one even knew about the changes detailed in the leaflet at all. Just smells a bit fishy at the moment -, call me paranoid, but then again forewarned is foerarmed.
  5. I got this leaflet too, about a month ago. Did you also notice the clause that they can empty any savings or current accounts you hold with them to pay off ANY other nationwide held debt - credit card, mortgage, loan etc. I don't have the leaflet in front of me, but this was definitely the impression I got. I must admit I thought the same as you - protecting themselves against a bank run by limiting funds that can be withdrawn. I checked when I got the leaflet and for Flex Account it's £500 over counter without notice - although can be more at their descretion - plus £300 at ATM per day What really worries me, is what if their internet banking system goes down and you can't transfer your balance to spread it through other accounts, so you can get the cash out from those too. Hmm, what to do?
  6. Sea change? Absolutely. Sniff the air, sniff sniff. Don't know what's gonna happen, but it's gonna be big. Lurked on here for years and years, but rarely post anything, but had to respond to this. IT'S GONNA BE BIG. Tin foil hat firmly on...
  7. 40+. We tried for 6 years from mid 2001 to move house, we weren't desperate to start with, but family pressures built up and by the time we finally moved it wasn't a moment too late. We sold our house several times without problem, but we certainly chose the wrong time to start looking. We had trouble finding somewhere in our designated area. Prices just kept rising and rising and I lost count of the times we didn't even get to look at houses because they had been sold within hours of coming on to the market. People were offering well over the asking prices and borrowing silly money to do so. Sensible offers were sneered at by the agents. Gazumping was widespread. Our friends were MEWing all over the place, they thought we were silly for not borrowing the money the building society said they would give us. I said I would rather sleep at night! Understandably, our feverish buyers were usually not prepared to wait for us to find something, but we had no trouble finding other buyers. We were always straight with them. Having worked trough two recessions in the 80s and 90s and seeing the consequences, we have always been sensible with our hard-earned money. When we bought our first house together in 1990 the thought of borrowing £45,000 left us with many sleepless nights, especially when interest rates hit 14% and our mortgage payments doubled. So we were determined not to overstretch our finances. We have always been mindful that what goes up will come down and house prices were (still are) far too high. The trouble was that everyone else was doing just that - overstretching their finances - and it wasn't until 2007 that we finally managed to move and we got our house at a sensible price with a comfortable mortgage. The writing was on the wall for the economy and the person we bought from could see it coming too. In fact I think anyone who could see the Emperor had no clothes on could see what was coming... I'm happy to say I think we have done the right thing in not playing the game. This said, I wouldn't want the stress we suffered over the time we were trying to find somewhere EVER again.
  8. Depends where we are in the political cycle. Bank Of England independent? Not on your nelly. This Gov's only just gotten in to power after a long winter out in the cold. Do they risk it? However, pressure will mount and interest rates cannot practically go any lower, so there's only one way - UP. This will be sooner rather than later at a gradual increase so too many houses don't come onto the market at once and lower prices in a flood - after all the banks want their money back and quickly and so does the BoE. The last recession saw loads of repos and did the banks care? No.
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