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crown

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Everything posted by crown

  1. http://www.nationwide.co.uk/hpi/historical/May_2009.pdf
  2. expected -0.9% http://www.forexfactory.com/calendar.php What do we think? Edit +1.2% MoM Don't forget that during the 74 month long 89-95 housing crash there were 24+ve months and 48-ve months SKY NEWS - Good news - house prices are bouncing back http://www.nationwide.co.uk/hpi/historical/May_2009.pdf
  3. Latest enquiry was purchasing as an investment at 40% off peak price. I use the word surge in the context of my business. I have had 2 new buy mortgage enquiries in a year and a half. I've now had about 10 in 2 weeks. 5 FTB, 3 B2L, 2 home mover. Remortgaging not worthwhile at the moment. They are all being directed to SVR. No remortgages. It seems to me that a 40% reduction off peak prices is getting a buyer. Not that the purchaser knows the peak price, but the finance is stacking up at this valuation.
  4. I don't know where they will get the money from because they do not matter. There are enough 25-35 year olds who have been priced out of the housing market for 7 years to kick start the market as and when their loan requirements can be met by lenders. The size of their loan requirements is falling each month as property falls and their deposits grow. Just letting you know what is coming into my enquiry tray.
  5. Thought I would post a bit of anecdotal evidence of a surge in mortgage enquiries and my views on this. As some may remember during the housing boom I was arranging about 1 mortgage a fortnight for my clients. Mortgages are a bit of a sideline for me. I was turning down LIAR LOANS left right and centre. I last arranged a mortgage a year ago, also one in November 2007 when I tried to put my client off(now seriously in -ve equity) In the last month I have had a surge in enquiries. Almost an enquiry every day. Most are buying 15% under the estate agent price and all are fitting into 3 times income multipliers. This fits into my long term guidance to clients which I have been posting on my blog under my Time to Buy index every month. http://thecrownblogspot.blogspot.com/2009/...april-2009.html It looks to me that although there will be an increase in applications coming through the lenders, the offers are way below asking price and will take the housing indexes down another 15% by the year end. The end of the year still lokks like the bottom to me, even though repos are rising and interest rates will be rising again. So I am bearish for the housing market this year and turning bullish for 2010. House prices will start to rise again at a sustainable pace of inflation +3% from the middle of 2010 onwards. There - shoot me down!
  6. Why thanks I'll post it around the place
  7. http://thecrownblogspot.blogspot.com/2009/...-brilliant.html Taking some inspiration from the Fast Show and Paul Whitehouse doing their 'brilliant' sketch. No matter how much I use software to alter my voice and impersonate Paul Whitehouse, it's a million miles away. No matter, the thought is there.
  8. Either way - house prices are going down
  9. The bullying clip is here http://thecrownblogspot.blogspot.com/2009/...lying-joke.html
  10. I made the prediction almost 2 years ago based on affordability of standard mortgage products comapred to rents. I would like to revise that prediction downwards, but that is what I am constantly slating Fionnuala Earley for. I have had a huge upswing in mortgage enquiries in the last month and try as I might to put people off, they keep coming. As long as they are offering at Q4 2003 prices I will entertain them as clients. It is only the size of the deposits that is stopping the FTB from entering the market big time in the South East. Buy to let is finished and so it is the FTB that is now key. I would like to say £130k Q1 2010
  11. http://thecrownblogspot.blogspot.com/2009/...april-2009.html
  12. I've done a short vid for a facebook group http://thecrownblogspot.blogspot.com/2009/...n-brown-to.html
  13. http://nfinews.co.uk/5KB-XXK-D7JGMJJ32/cr.aspx NOW At the end of the deal period all fixed and tracker rate mortgages will revert back to our fully flexible BMR mortgage - current interest rate 2.50% (variable). From Wednesday From Thursday 30 April 2009 we will be launching a new variable rate, the Standard Mortgage Rate (SMR). The SMR is currently only available as a revert rate. The SMR will launch with a variable rate of 3.99%. The SMR comes with the full range of flexible features including overpayments, underpayments and borrow back. All products reserved from Thursday 30 April 2009 will revert to the SMR at the end of the deal period. Products reserved up to 5pm Wednesday 29 April 2009 will still revert to the Base Mortgage Rate (BMR).
  14. added this spoof http://thecrownblogspot.blogspot.com/2009/...lls-gordon.html made me laugh anyway!
  15. Dance video mash up http://thecrownblogspot.blogspot.com/2009/...f-comedian.html starring Gordon Brown
  16. The % rate you got was around 1.5% higher than if you took a tracker and was variable. It worked out you paid the 5% back over the term of the deal in higher mortgage payments. It was designed for 'equity release' without releasing any equity and for muppets who could not work out %s.
  17. http://www.ft.com/cms/9462f7d0-2aa4-11de-8...0144feabdc0.pdf [email protected]
  18. It should be remembered that You need a 15% deposit for a Nationwide mortgage, but a 10% deposit will get you a Halifax mortgage. Both these lenders are also slightly off the competitive edge at the moment. I wonder if this will make a difference to the data?
  19. http://www.nationwide.co.uk/hpi/historical/Mar_2009.pdf yes
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