StuB

I read recently that 2 million people are coming to the end of their fixed rate mortgages which they took out in 2005. If i remember correctly figures i saw quoted said they are paying roughly £450 on 150k but new fixed rates would have them paying £650 on 150k and variable rates for people who don't sort this soon will be £900 odd! (figures are from memory and it isn't what it used to be :-)

Tell you what, i'll come round and smashed your windows... did i mention i could sell you some double glazing at a reasonable price? Talk about money for old rope!!

Brown will sacrifice the nurses to "keep inflation and interest rates down", he makes out like that is ok??

Apologies if this has already been posted.... http://money.uk.msn.com/Investing/Insight/...umentid=5301910

Yes because you have written it in at least 2 posts!!

Things like this been happening for years. In the early 90's farmers and market gardeners went out of business due to high interest rates, they were bought out mainly by native Italian farmers who got cheap loans form the Italian government.

Shame your such a jumped up tw*t.

Shame your such a jumped up tw*t.

My apologies, should have been £293k they agreed on not £273k. Sorry!

Sorry for delay in response. 1. Not sure how they got friends address but i'm pretty sure they didn't give it to them, EA maybe or friends mentioned they lived round the corner. 2. Love that response, especially the.. "Do you not know that it is different now it is not 2003 and the rates are not 3.5% anymore." 3. Its a town called Evesham, its in Worcestershire, West Mids. I say if your going to put in a offer go really really low, at the end of the day you could come up a bit but seeing as the asking price is so offensive i don't see why an offer shouldn't be, might open their eyes to the fact the market and the EA's are all speculators and don't really know what they are doing. If questioned by the seller i'd like to say "do you really believe what an EA says"?

Anecdotal: Friends recently moved up from a 2 bed to a 4 bed, house was on for £325k so friends offered £275k. They received a letter from the seller saying the house was originally on the market for £340k and didn't friends know that they had spent £50k doing it up, friend replied with the modifications weren't to their taste and would have to be done again anyway! They eventually agreed on a price of £273k. What annoyed me the most about this is they conveniently forget about how much they have made in the rising market, but have probably been banging on, showing off about how much its worth to family and friends. Also that they never stopped to think that the EA made up the price they so firmly believe is right. Are people so disillusioned or are they blinded by the £ signs in front of their eyes? I appreciate its different because friends have a house and i don't but this really annoyed me and if i had received such a letter the response would have been much different.

Thats the badger.

"They" say to sell in May and buy Bonfire day... or something like that. Shares tend to lose value after May (don't know why).

At last, someone who knows what they are talking about.

Its about time London was taken out of the figures, they act like London is the be all and end all and it isn't. I wish they would produce figures with and without London. London isn't just poor value for money its poo

Every 3 months, normally let them gain access themselves but once i was there and he took 5 minutes at most. What gets me is i pointed out some problems but they never got sorted (as usual). I also think they are justifying their fees.

I posted this too, thought this was interesting... The Halifax predicts a further easing of house prices during the year, but Mr Ellis suggested this would only be moderate. "Solid economic conditions and high employment support housing demand which, together with supply shortages, will continue to support prices," he said. Was from here http://news.bbc.co.uk/1/hi/business/6729323.stm

Quote from http://news.bbc.co.uk/1/hi/uk_politics/6247345.stm But in recent months the rate has been creeping up again and currently stands at 1.7 million, according to the ILO labour force survey. Quote from http://news.bbc.co.uk/1/hi/business/6729323.stm The Halifax predicts a further easing of house prices during the year, but Mr Ellis suggested this would only be moderate. "Solid economic conditions and high employment support housing demand which, together with supply shortages, will continue to support prices," he said. Seems a bloke who lends money knows more about unemployment than anyone else.

http://money.uk.msn.com/investing/articles...umentid=5120518

I noticed in our local paper that Taylors Estate Agents are having a summer sale. Lots of new prices, can't see them re-raising prices can you?

Rubbish estate agents over valuing so they got the property? Greed? Lack of common sense? Listening to others who know nothing except what the bbc tell them to believe?

This is great, thanks.

Is it possible that many took out mortgages and didn't declare them BTL? The banks were maybe loose in their lending and were happy regardless, now things are starting to tighten they are not so loose in lending? Also people whoo didn't declare their houses as BTL are getting hit with tax bills so honesty is now the best policy?

I watched some property porn yesterday and it was about a street near the Olympic site, they made out the bloke knew about the Olympics but he didn't and actually bought 2 or so days before the announcement, turns out in the 3 or so months he had it the property gained about 20k. Reality was that he wouldn't have made a penny had the Olympics not arrived in town, cos of the money he spent on it, probably overpaid for it at Auction.

Round our way these jobs were commonly done by gypsy's and travelers, they go where the seasonal work is. They can no longer get this work as i guess the farm owners choose the people who they can pay the least