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InlikeFlynn

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About InlikeFlynn

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  1. InlikeFlynn

    Halifax January 2019

    Tiny sample size, therefore lots of statistical noise. These monthly figures are not significant, indeed the Halifax and Nationwide indices are deeply flawed. Try acadadata or the ONS for a more dependable view of the market.
  2. InlikeFlynn

    EA Just told me to wait to buy

    Last proper crash was early 90s.... he would have been a teenager!
  3. InlikeFlynn

    Supersized mortgages are back

    He will probably have a mortgage term of 35 years or more, to get the monthly payment down to comply with MMR rules. Welcome to the new "interest only"....
  4. Far from it, in fact he was given a large lump sum and vast pension along with police and legal protection to keep his name out of the press and the righteously angry public out of his herbaceous borders. "To those that have shall be given"
  5. Best news for years. Let's hope more rises follow later this year/early next.
  6. InlikeFlynn

    Nationwide June/Q2 Release

    The Nationwide is an invalid and statistically noisy index.
  7. InlikeFlynn

    Estate agents are useless

    I used an online-only fixed fee agent when I sold my house 7 years ago. Worked like a charm. I took all the photos and wrote my own particulars etc. saved 6 grand, however a good agent would probably have got a bit more in the negotiations so it's swings and roundabouts.
  8. I love Moneyweek, but it's worth bearing in mind that they have been consistently wrong about property for the last decade. Like every other paper, they write what their audience wants to hear.
  9. True, although home ownership has many other costs and expenses. Unfortunately I don't have the stats to hand, but a large proportion of mortgages are now taken with terms of >25 years in order to meet the MMR affordability constraints. In these cases your statement above will not hold.
  10. InlikeFlynn

    Busy month for mortgages

    Thanks for this. Clearly lending for both moving and remortgaging is up. Bit of a downer for those of us hoping for a price drop. There's some really interesting data on average income multiples, LTV, affordability etc. on the UKFinance website, from which the article you cite is drawn. https://www.ukfinance.org.uk/winter-blues-beaten-by-best-february-for-homeowner-house-purchases-in-a-decade/
  11. Two quick facts for the record. 1. Martin Armstrong is a convicted criminal who has spent several years behind bars for conspiracy to commit fraud. He orchestrated a a $3 billion Ponzi scheme through his investment fund, Princeton Economics International. See here and here for details 2. The UK currently pays out only 6% of its tax receipts as debt interest. A large part of this comes straight back to the government as it holds a significant proportion of the public debt from its QE programme, therefore the true figure is even lower. source
  12. That's very true for most new landlords funding their "investments" with IO mortgages however there are also a lot of "accidental" landlords who have held on to and let their existing flat/house when buying their new home. I'm sure this is one of the main reasons for the lack of market supply. Many of these properties do not have much or any mortgage on them and will have generated a significant income over the years, which has often not been declared. Because these folk are often flying "under the radar" of the HMRC and their lenders, they may well not have configured their affairs in the most tax efficient way so there could be large tax bills to pay.
  13. InlikeFlynn

    Margin Calls On Buy To Let Properties

    I wonder if there really is a thesis....
  14. InlikeFlynn

    Margin Calls On Buy To Let Properties

    I'm always slightly suspicious of those that use their PhD title outside their original field. Smacks of self-agrandisement. I wonder if her PhD is real.
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