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streamingfreedom

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About streamingfreedom

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    South East
  1. Century of the Self was a superb documentary so I will definitely watch this. Hope as some commentators have alluded to that Curtis hasn't lost his form...
  2. streamingfreedom

    Reading

    Wouldn't be surprised if it is a ssite company of Romans. As you say they are also available to buy "at the full price" which from what I have seen is always way over current prices. I believe this is pretty much a scam to sell properties for more than they are worth to older people, perhaps taking advantage of those wishing to cash in equity early to provide BOMAD funds to their kids. I did write to the local MP about this a while back and basically the reply was can't comment on these financial products.
  3. streamingfreedom

    'more Cheap Mortgages On The Way'

    I see. Wouldnt have believed it but unfortunately I have seen first hand that new builds are still selling very strongly in the SE.
  4. streamingfreedom

    'more Cheap Mortgages On The Way'

    Something is happening as builders shares have just jumped up between 5 and 10% today. Crest Nicholson up 10%, Taylor wimpey and Bellway up 7% Savile up 6.5% Persimmon up 5% Is this before US and Japan central bank policy decision tonight on top of strong US housing data?
  5. streamingfreedom

    'more Cheap Mortgages On The Way'

    It won't necessarily work like that. Negative rates could mean slightly higher mortgage charges to borrowers to subsidise saver's deposits. The bank would only be forced to pay negative rates on mortgages if the mortgage is linked to base rate such as some Swiss mortgages which pay 0.7% above libor, which has gone to -1% now. If we do into negative territory here then banks would adjust their product range based on the new scenario and you wouldn't be able to take out a new mortgage that paid your debt! You would still see low rates offered to borrowers but not negative rates. We are at all time low's for mortgage rates; either IRs go up and mortgage rates have to go up, or rates go Negative and mortgage rates (for new products) have to go up. Correct that it is all falling apart though. The hope is that the collapse of the current system brings about a much better and fairer system, hopefully without a world war in between...
  6. streamingfreedom

    Reading

    Crazy prices. That area has lost touch with reality completely now, anyone who doesn't have a couple of hundred grand for a deposit will, like us, need to move away from the area. It's become like a London suburb. Anyone looking to move out of London will be looking at these areas because they are rated so highly, top ten UK postcode, schools etc. Sadly we've now given up and looking at moving away in the next six months.
  7. streamingfreedom

    Honestly, Who Will Buy A House Now?

    I Have seen that sort of thing happen and it's often due to commission, they will put offers forward to sell to someone who has said they will use the estate agents' own mortgage advice and solicitors as they get a nice little wedge for that. If they start to push their services at offer stage say yes yes I'll be using your people then once offer accepted say oh actually I've found my own solicitor and mortgage now thanks.
  8. streamingfreedom

    Reading

    Ah Winnersh nothing there except a sainsbury and little train station but somehow commands silly money. To be fair we lived there for 3 years and did like it. That 2 bed flat for 285 is ridiculous money. They were expensive at 210 two years ago - We tried to buy one nearby and pulled out due to cold feet and being stuck in temporary accommodation! Did get an email from a new build in Wokingham today 3 bed semi at 475k offering stamp duty paid and a flooring package. Odd to see the incentives coming out as most are selling very quickly. Not this area but I looked at a new build site in Basingstoke today as was in a very good location just 14 houses in very close to my work place and was told they had all sold in ONE DAY on release last Thursday.
  9. streamingfreedom

    'more Cheap Mortgages On The Way'

    Sad. This bubble has a way to go yet. It is going to bring down the financial system when it goes.
  10. streamingfreedom

    It's Not Accurate From An Individual's Perspective.

    It's Twitter... everything is vague. You've been living in it for about 15 years. Single incomes as a ceiling for house prices died in the 90s. I don't like it but that's the way it is.
  11. streamingfreedom

    It's Not Accurate From An Individual's Perspective.

    I would agree with her in that there's too much regional variance now. London compared to somewhere like Nottingham are totally different markets with totally different levels of affordability and will likely see totally different types of correction.
  12. streamingfreedom

    Reading

    Over the weekend seen quite a few go sold STC on rightmove. Things I thought wouldn't shift. Seems like buyers were holding back and have jumped in. Last hurrah? Fear phase is not here yet
  13. What a ducking shambles. If S24 gets repealed despite this sort of MSM stuff we know who's side the new cabinet are on.
  14. streamingfreedom

    Deloitte: Overview Of Euro Residential Market

    Exactly. On the contrary, places with a high level of inequality often have relative high house prices. As the in-equality gap widens so do your chances of owning valuable assets decrease, if your on the poor side.
  15. streamingfreedom

    When Do You Expect To Buy?

    If they bit off more than they can chew in the current scenario, where mortgage rates have been falling for a few years now, then they've really taken a big bite! Many double income no kids with higher than average salaries are taking a huge risk that one of them won't be in full time employment or have to take a lower wage job. Many are seeing mortgage payments drop when they re-mortgage due to HPI improving their LTV. Friend of mine bought in 2013 on a 3 year 4.99% fixed and just went onto tracker at 1.3%. Now overpaying mortgage significantly. Will be in a very safe place in equity within a few years. He was sensible as has a family and bought on one wage. Wife could work part time if need be. Didn't overstretch. Quite how many double income no kids who have stretched to buy are out there I don't know. Don't know if there is data out there either but if the numbers are high then we may see enough distressed sellers to affect prices.
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