doh

"but lenders insist that less prime loans are still good and that the Bank of England should accept them." 'Less' prime loans! And lenders 'insist' that the taxpayer should take them on. Perhaps if B&B hadn't lent them in the first place they wouldn't be in so much trouble.

http://www.economist.com/world/britain/dis...ory_id=11024646

Fantastic figure to get the BTlers panicking. There's a juicy 1.6% to fall out of the SA monthly figure for next month as well along with the likely headline YoY negative. This month they wet themsleves. Next month they get kicked in the crotch.

That's the plan. Be interesting looking at the remortgaging figures in the next few months and see if they start to fall like the new mortgage applications. p.s. Rosemary Jane teaches young people every day but had no qualms in trying to screw them over to fund her own 'more comfortable' retirement. I have no sympathy for her.

More on this here... http://www.telegraph.co.uk/money/main.jhtm...1/cnrock101.xml It's going to be carnage...

Did she give any tips for the Grand National? She should know the winner surely...?

Another plank of the VI argument falling away as immigration turns to emigration... http://www.ft.com/cms/s/0/0a5ffe4c-fcca-11...0b5df10621.html

The Sunday Sport reported several years ago that Elvis does in fact live on the moon. I would think that report is more reliable than anything written in the express. Roll on YoY negative next month.

Imagine there's only two bedroomed flats or three bedroomed houses. If a flat is 100k and a house is 150k there will be some people who think it is worth paying the extra for the house. If a flat is 50k and a house is 150k there will be a lot less people who think it is worth paying the extra so the demand for houses will drop until the relative price of the house drops and the correct price premium for the market is restored. Try reading ''The undercover economist' for more on this.

Sounds like the house buying public are starting to learn the meaning of the phrase 'Catching a falling knife."

http://www.telegraph.co.uk/money/main.jhtm...cndenham126.xml "This is not a plea to help our 'poor old' banks out of the hole they have dug for themselves" Yes it is. Seems more and more people are commenting that if the BoE doesn't intervene then the HPC will come. The BoE seem content to do nothing. Excellent news.

A BTL is not just for Christmas... I didn't realise the BTL scumbags were being so charitable providing property for people to live in. If there was no BTL we'd all be living in cardbox boxes in shop doorways apparently.

They paved a council leisure centre And put up a high density housing devlopement doesn't quite have the same ring to it

"We've adjusted the figures over the business cycle so that they do not break the golden rule of always going up."

Spot on. The papers say buyers should offer 10% below asking price so sellers think let's just increase the asking price. Then we''ll be happy offering the discount. I doubt there will be a rush of viewers to their door though.

I've been disappointed too many times to say it was impossible but I'm hoping that you're correct. On the NSA figure there were 1.4 and 1.8 percent MoM rises in March and April last year so there would need to be a half percentage point rise over the two months this year to prevent YoY going neg in April. On the SA MoM, the Nationwide seasonal adjustment has been adjusting prices higher for seven months now but in March and April there's a big turnaround and they'll be taking around a percentage point off each month in both these months. If the spring bounce fails and the real figures continue as they have over winter then there should be some juice MoM headline figures coming up...

How can you be unsure? Either you can or you can't. Maybe a third of people are so thick that they don't understand the question.

Black Thursday according to the Telegraph... http://www.telegraph.co.uk/money/main.jhtm...cnglobal120.xml

Good spot by 'burnt before' on the other place... http://www.channel4.com/news/articles/busi...rtgages/1825247 Hopefully this will be a rapidly increasing trend!

http://money.cnn.com/news/newsfeeds/articl...13-23850719.htm It's the good old miracle economy that will save us...

Even the treasury are bears now... http://www.telegraph.co.uk/money/main.jhtm.../bcnmort118.xml

on a tangent she seems to have very poor circulation in her legs... http://i.thisislondon.co.uk/i/pix/2006/10/...006_243x403.jpg

No, they did read this out but Allslop denied any connection between her property ramping and prices going up.

I don't think the majority of even intelligent people are fully aware of (or even interested in) what's going on in the financial markets. An estate agent with one GCSE isn't going to have a clue.

I agree. It's a tax that the financially illiterate can actually understand. Even if you drink 6 pints a night every night all year it's only 87 quid tax. Tell people that NIs gone up or the 10% band has been abolished or that the tax bands haven't moved with inflation and they will have no idea what you're talking about.