Jimmyjammy001

UK 2yr upto 4.9% now in a matter of hour's

All the FTBs who brought during the pandemic who took out 2 year deals are going to be screwed! But in my area FTBs decided to pay £100ks more than the previous FTBs brought they're property off for just a few years before them, oh well, no sympathy here I'm afraid.

Yeah I've noticed quite a few house builders offering to "pay for your stamp duty" as part of theyre freebies, even though as they at mostly 2 bed starter homes, there's no stamp duty to pay anyway for FTBs, some are also offering £15k cash back or fitted kitchen/ bathroom etc. They are all getting quite desperate now, anything to put down a lower price on Land registry as that will effect the future over inflated prices they can charge buyers

It's been extended.... https://www.thetimes.co.uk/article/help-first-time-buyers-extended-5jpfjwdhl You literally couldn't make it up anymore, this is just plain irresponsible and reckless by the Government, getting people to buy homes they literally can't afford and saddled with £100ks worth of debt, no more house price props!

Same in my area, prices are still in covid bubble la la land, I have a huge watch list on rightmove and all the houses have been sitting there now for 2 months at the same price, with a few reduced by around 2-3%, some have been taken off the market because they have not sold after a couple months, unfortunately it is going to take forced sellers, those that loose there jobs or can't afford the new mortgage rates renewal for prices to come down in my opinion as people will just hold on to there property and won't sell if they won't get the covid price (+20%) for their home as they don't need to lower there prices currently

Yeah I'm seeing alot of Ads like this around the Internet now, they will include £10k worth of extra fittings or pay your mortgage for first year, anything to lower the price on paper

Must be bad if house builders saying prices going down Persimmon warns on house market slowdown Persimmon has revealed tumbling homebuyer demand, rising cancellations and falling prices as economic gloom and soaring mortgage rates hit Britain's property market hard. The housebuilder said the average weekly sales rate per outlet in the private market dropped to 0.6 between July 1 and November 7, down from 0.78 a year earlier - and fell further to 0.48 in the most recent six weeks. Customer cancellations have also ramped up to 28pc in the past six weeks from 21pc in the previous three months. It said the tougher selling conditions have seen prices drop by around 2pc in the six weeks to November 7, when the UK was gripped by financial market turmoil sparked by the mini-Budget and unprecedented political upheaval. Persimmon said it remained on track for between 14,500 to 15,000 new home legal completions in 2022, but warned that it expects fewer legal completions in 2023 and said lower prices would likely hit its profit margins.

I'll just leave this here......

There's obviously going to be some positive news, Gilts are down 20% from a few days ago, pound and stocks are all up, the markets allready know what's going to happen

Good for you if your happy to accept a lower standard of living because of sky high inflation caused by the reckless government spending, I guess you just accept £2 litre of petrol at the pump like everyone else, but moan about it and do nothing. If your not happy with your current wage then what are YOU doing about it?! Other than trying to drag other sectors down to your level of acceptance of pay. I say well done to the unions for standing up to the government, the government want everyone to live in poverty so they don't have to tackle inflation which they caused.

I will just leave a quote here from one of your other posts with regards to the people who are dreaming........ "If they’re not happy - get another job"

I feel sorry for the children being brought up by these two wasters, what great role models two are to their children. kids have got no chance of a decent life ahead of them in their current situation, all because the parents haven't sorted their housing situation out first BEFORE having children

Well if him and the bank did their job properly in the first place, house prices wouldn't be where they are now and people wouldn't have to demand record pay rises in order to save up to buy a house

So basically all customers of Bulb will have their energy supply subsidized by the tax payer throughout the winter and stay on the same unfinancially viable tariffs, whilst everyone else who's energy supplier has gone bust over the past year get nothing, doesn't seem very fair

They've decided to take on a risk where many others who would of been in the same position as them and would have not put them selves in that much risk, if it fails for them, then unlucky, other people shouldn't have to suffer as a result of their risk taking