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Found 8 results

  1. Hi All, New to this forum so hoping this post finds all well and in the right place. After some advice regarding the purchasing of a new home during the COVID-19 pandemic and looming UK recession. My wife and I have recently (Feb 2020) reserved a home with a UK house builder and are now in the process of signing legal docs etc. In total, we are already invested around £10,000 in the property which is essentially made up from plot reservation fees, property upgrades, mortgage products fees, legals fees etc. but have not yet exchanged contracts or paid our deposit. With a UK recession and downturn in the housing market inevitable, we find ourselves in a difficult position. Do we continue with the purchase of our home? Back out of the deal and hope the house price will be reduced and plot still available? Or trying to renegotiate the asking price? The latter would be the ideal option for us but we are pessimistic that the builder would ever entertain this idea. We have also read that builders are inclined to pull out of sales even if such questions are asked of them. Has anyone else found themselves in the same position? Is the exception that new home prices will also drop during this house crash? Has anyone else tried to renegotiation to new home builders? Any input/advice would be much appreciated. Thank you in advance.
  2. as per the title....disgusting correlation https://www.independent.co.uk/news/uk/home-news/homelessness-rough-sleepers-record-england-stats-homeless-people-2017-increase-a8177086.html#commentsDiv https://www.bankofengland.co.uk/markets/quantitative-easing-and-the-asset-purchase-facility Shame the homeless are too compromised to fight back....300,000 is clearly an official underestimate....every town I visit has 10's if not 100's now. Social collapse is coming.......before house price collapse 487 billion quid into a few pockets never to be seen again as clearly those buybacks have amounted to zero. There are still no productive jobs or significant wage increase. No-one is spending more than they need to stay alive and work....simple. Is anyone (other than this site) getting this ffs???
  3. I don't vist too often nowadays but I see that dead links are still a thing on the home page! https://www.theguardian.com/money/2018/feb/12/uk-tenants-paid-record-50bn-in-rents-in-2017 for anyone who was interested in reading this article!
  4. Hope these new powers are used to investigate criminals who invest in UK homes. The Panama papers come to mind. Unexplained Wealth Orders are coming to UK Circular 003/2018: unexplained wealth orders
  5. Just realised that in the same time frame that new houses have got smaller cars have got correspondingly bigger. Have been watching with some amusement all the large SUV/Merc/AUDI type cars trying to squeeze through a chicane of parked vehicles in my twee estate this morning and come to the conclusion that as global manufacturers swing to one floorpan suits all for both American and European markets we have been left with the consequences of this and vehicular vanity. Can't for the life of me see why people are so stupid as to put up with the hassle of driving a car that is as big if not bigger in some cases as a transit van!
  6. So now we have that little vote out of the way, will everyone calm down and discuss with me the potential leaders to take this country forward. Johnson looks favourite to take over from Cameron but with a possible snap election and change in Labour leader as well, who do we think would be best placed to lead the UK out of Europe and into a brighter future.
  7. Hi, one conundrum for you guys. London HAS or HAS NOT a property bubble ?. After reading articles from both sides for the last 2 years in the London property market, here two examples: Business Insider: These charts show how London's property bubble may burst at any moment http://www.businessinsider.com.au/hsbc-london-house-price-and-earnings-charts-2015-12 Absolutely the opposite ... Will UK Interest Rate Rises Crash House Prices? http://www.marketoracle.co.uk/Article51903.html This just seems unsustainable but with an increasing immigration, house shortage, help-to-buy scheme with governments borrowing a lot of money, its just doesn't really looks it can't stop. But none of us can´t afford to buy in the next 5 years with headlines saying that prices could soar 50% in the next 10 years. Thanks Roger
  8. http://www.theguardian.com/society/2015/apr/28/uk-housing-crisis-in-breach-of-human-rights Word.
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