

Martin_JD
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Everything posted by Martin_JD
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I am calling the top - its turned
Martin_JD replied to HovelinHove's topic in House prices and the economy
OK I see, this is making a couple of assumptions, the first is that you're at the banks max LTV, second is that you're not at the top of your income multiple as allowed by the lender. -
I am calling the top - its turned
Martin_JD replied to HovelinHove's topic in House prices and the economy
I'm don't understand this. Can you explain? How is this tied to the stamp duty saving? -
The Banks are baking in 20% now
Martin_JD replied to HovelinHove's topic in House prices and the economy
Sure. Looking at around 700-850. No problem getting a mortgage, even though we're pushing over 5.5 x our income multiple. Was actually surprised they'd lend us what they did, although our offer was a couple of months back now and we have a very good broker. Neither of our jobs are effect by Covid, yet..... The house we're in the process of buying is pretty unique, so we're going for it. I'm not sure i would be comfortable splashing out on a "standard" 2 up 2 down at the moment. Guess we'll see what happens. -
The Banks are baking in 20% now
Martin_JD replied to HovelinHove's topic in House prices and the economy
agreed, im buying at the moment. -
The Banks are baking in 20% now
Martin_JD replied to HovelinHove's topic in House prices and the economy
this is an intresting article also from the times: https://www.thetimes.co.uk/article/getting-a-mortgage-should-not-be-a-gladiator-fight-zsth7v7bf If the mortgage market remains closed a crash is 100% on the cards in my view. -
Mortgage rates shooing up
Martin_JD replied to TheCountOfNowhere's topic in House prices and the economy
Oh I agree, i'm very lucky and the housing market is fundamentally broken in the UK. -
Mortgage rates shooing up
Martin_JD replied to TheCountOfNowhere's topic in House prices and the economy
Oh sure, our house grew in equity since we bought it in 2013. Now it's sold we've not been able to use that to by a more expensive place, but i don't claim to have made this gain through any insight of my own. -
Mortgage rates shooing up
Martin_JD replied to TheCountOfNowhere's topic in House prices and the economy
I'm going a head with a purchase right now, call me crazy, perhaps i am and we shall see, but it's the right house for us, in the right location, at the right price. -
I see it's on with Chancellors, lol. Hold tight for the price reduction on that. No way that's going to sell for 395, i know that area well.
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Do you own a house on Second Life
Martin_JD replied to shlomo's topic in House prices and the economy
I suggest you widen your search then or else you'll still be on here in 10 years time. -
Do you own a house on Second Life
Martin_JD replied to shlomo's topic in House prices and the economy
Prehaps if you spent less time and money on this you might be in a better position to buy a real house -
Mortgage rates shooing up
Martin_JD replied to TheCountOfNowhere's topic in House prices and the economy
The phrase "even a broken clock is right twice a day" springs to mind when I look at that graph. -
Mortgage rates shooing up
Martin_JD replied to TheCountOfNowhere's topic in House prices and the economy
Very well put, and an accurate analysis. I think this narrative that house buyers are "sheeple", morons and "debt junkies" is just bitterness from those who have missed the boat. -
Mortgage rates shooing up
Martin_JD replied to TheCountOfNowhere's topic in House prices and the economy
spunkos website? No what's that?