Liquid Goldfish Posted April 8, 2009 Share Posted April 8, 2009 As I posted above. £97k. Makes FTB average salary £32k. the figures are 8,900 loans to FTBs totalling £962m - pretty sure that's £108K I know the report says average is £97K - maybe that is median rather than mean they're messing with us Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 8, 2009 Share Posted April 8, 2009 I haven't claimed that once. Not even hinted at it. what were you indicating then? that 39K is not a good guide?, that the CML stats are rubbish? what are you trying to show? Quote Link to comment Share on other sites More sharing options...
winkie Posted April 8, 2009 Share Posted April 8, 2009 http://www.cml.org.uk/cml/media/press/2190works out at £108K, I think, but I'm tired and my brain hurts Sounds about right....ATM if people do manage to buy they are are staying FTBers longer than they would wish and second time buyers are finding that next rung that bit harder to grab hold of...some of the reasons why the housing market has stalled, suitable property is unaffordable for most working people on an average wage. Quote Link to comment Share on other sites More sharing options...
Normal Posted April 8, 2009 Share Posted April 8, 2009 and what pray tell were they buying with their 97K? Ill tell you what.....nothing at all. FTBS have been prices out for years. I hope whatever you are drinking is good, because you are coming out with random nonsense tonight. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 8, 2009 Share Posted April 8, 2009 I hope whatever you are drinking is good, because you are coming out with random nonsense tonight. you lost me. told you, im bored with stats. specially CML stats. Quote Link to comment Share on other sites More sharing options...
Normal Posted April 8, 2009 Share Posted April 8, 2009 what were you indicating then? that 39K is not a good guide?, that the CML stats are rubbish? what are you trying to show? I'm trying to show that FTBs according to the CML don't have average salaries of 60k which is what half of this thread seemed dedicated to talking about. Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted April 8, 2009 Share Posted April 8, 2009 So you will have to forgive me when I see that HSBC are offering 1 billion in 90% mortgages to people earning £100000 or with a £50000 deposit and wonder why this is even news for most of us. It is though clearly misleading and part of the awful misinformed spin that we are subjected to every day in the press. you can just open a Plus current a/c instead to get this mortgage costs £12.95 per month Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted April 8, 2009 Share Posted April 8, 2009 Plus and Premier a/c customers get 0.15% discount on most HSBC mortgages so for equivalency, it's 4.99% + 0.15% + £1499 fee not looking so good (for customers anyway) Quote Link to comment Share on other sites More sharing options...
Sybil13 Posted April 8, 2009 Share Posted April 8, 2009 (edited) I was referring to Bloo Loo with that comment!As for the rest of the post, everything except the last paragraph is self pitying nonsense. Having found this site you are indeed far better off than most of the population. However, ask questions instead of linking random stats and you might get further still! You said : "Having found this site you are indeed far better off than most of the population" and having met you well.....what can i say, how lucky I am, you can clearly teach me a great deal about what it is to be human ! I DID ask a question on this tread many pages back but nobody responded, at least I don't think they did. I asked: So has the RMBS market collapsed, will it stay collapsed and without it is there any chance or returning to 2007 lending levels? BUT PLEASE DON'T THINK I HAVE A CLUE WHAT I AM TALKING ABOUT BECAUSE I HAVEN'T, which is why I asked. Edited April 8, 2009 by Sybil13 Quote Link to comment Share on other sites More sharing options...
Normal Posted April 8, 2009 Share Posted April 8, 2009 You said : "Having found this site you are indeed far better off than most of the population" and having met you well.....what can i say, how lucky I am, you can clearly teach me a great deal about what it is to be human ! I DID ask a question on this tread many pages back but nobody responded, at least I don't think they did. I asked: So has the RMBS market collapsed, will it stay collapsed and without it is there any chance or returning to 2007 lending levels? Didn't see that one, but similar is being discussed here: http://www.housepricecrash.co.uk/forum/ind...howtopic=110705 Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 8, 2009 Share Posted April 8, 2009 I'm trying to show that FTBs according to the CML don't have average salaries of 60k which is what half of this thread seemed dedicated to talking about. IC, i agree and I think CML stats of any kind are totally meaningless in the real world. Quote Link to comment Share on other sites More sharing options...
Sybil13 Posted April 8, 2009 Share Posted April 8, 2009 Didn't see that one, but similar is being discussed here:http://www.housepricecrash.co.uk/forum/ind...howtopic=110705 It was page 4 of this thread and YES I referred and linked to the thread you have pointed to because I could not understand what anyone was saying on that thread. SO I ASKED THE QUESTION. Could do with a Dummies Guide to RMBS bonds. I kind of understand what they are, what I am not sure about is what is going to happen to them and how that will effect what is going to happen to the market. I remember in November a discussion on the radio Sir John Crosby (?) and about mortgage backed securities I assume this is the same as RMBS bonds? Anyway this is ME asking questions rather than putting forward stats and quotes, which I do in case anyone else comes to this website simply trying to understand at a basic level what is going on and I have found the bits I quote useful as I try to piece together what the truth is beyond SPIN SPIN SPIN. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 8, 2009 Share Posted April 8, 2009 It was page 4 of this thread and YES I referred and linked to the thread you have pointed to because I could not understand what anyone was saying on that thread. SO I ASKED THE QUESTION. Could do with a Dummies Guide toRMBS bonds. I kind of understand what they are, what I am not sure about is what is going to happen to them and how that will effect what is going to happen to the market. I remember in November a discussion on the radio Sir John Crosby (?) and about mortgage backed securities I assume this is the same as RMBS bonds? Anyway this is ME asking questions rather than putting forward stats and quotes, which I do in case anyone else comes to this website simply trying to understand at a basic level what is going on and I have found the bits I quote useful as I try to piece together what the truth is beyond SPIN SPIN SPIN. try this....its 10 minutes long and at the end of it you will be an expert....100% guaranteed Quote Link to comment Share on other sites More sharing options...
redgenieuk Posted April 8, 2009 Share Posted April 8, 2009 I have an appointment with HSBC tomorrow morning for a mortgage. They have also recently changed (ie on Monday) the best rates from 60% LTV to 75% LTV. The fixes are a bit rubbbish, but the SVR is not too bad. Premier get 2.74% I think. Quote Link to comment Share on other sites More sharing options...
Rinoa Posted April 8, 2009 Author Share Posted April 8, 2009 So you will have to forgive me when I see that HSBC are offering 1 billion in 90% mortgages to people earning £100000 or with a £50000 deposit and wonder why this is even news for most of us. Just for the record, these mortgages are available to anyone opening an HSBC Plus account. There is a small monthly fee of £12.95. If you can't afford this fee, you can't afford to buy property anyway. There is no compulsion to open a premier account. Nor any requirement to earn £100,000 per annum or keep a minimum balance of £50k in the account. Hope that helps. Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted April 8, 2009 Share Posted April 8, 2009 I think we need to set up a fund to pay for Rinoa's counselling when things don't pan out as s/he wants/expects. The poor lamb is going to suffer a severe amount of trauma over the next twelve months. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 8, 2009 Share Posted April 8, 2009 Just for the record, these mortgages are available to anyone opening an HSBC Plus account. There is a small monthly fee of £12.95. If you can't afford this fee, you can't afford to buy property anyway.There is no compulsion to open a premier account. Nor any requirement to earn £100,000 per annum or keep a minimum balance of £50k in the account. Hope that helps. funny, but mortgages are available from many banks. thanks for the heads up. Quote Link to comment Share on other sites More sharing options...
Normal Posted April 8, 2009 Share Posted April 8, 2009 I think we need to set up a fund to pay for Rinoa's counselling when things don't pan out as s/he wants/expects. The poor lamb is going to suffer a severe amount of trauma over the next twelve months. I can't help feeling (s)he's here to sell something rather than actually believe it. Quote Link to comment Share on other sites More sharing options...
Yoss Posted April 8, 2009 Share Posted April 8, 2009 Credit action is totally the best website for stats nuts. gives some of the best stats on who owes what /who earns what, avg mortgage, avg un-secured loan. Best stat on their is the mortgage rate (ACTUALLY) paid by the avg borrower(with a mortgage)... Track base rates.... ROFLMAO..they have barely moved. The average rate is still 5.5% (fixed rates working in reverse to re-capitalise the banks) That my friends is the biggest elephant in the room, was 1% over base rate years back, now a goood 4.5% over base rate. Once those banks are re-capitalised (post write downs), expect interest rates to be cranked up BIG TIME as they try to rein in run-away inflation. The banks know it to...they may advertise attractive 10 year fixes, but just try and actually get one! Makes you wonder what they know? Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted April 8, 2009 Share Posted April 8, 2009 I can't help feeling (s)he's here to sell something rather than actually believe it. That sounds a bit like trying to sell pork outside the local synagogue Quote Link to comment Share on other sites More sharing options...
Normal Posted April 8, 2009 Share Posted April 8, 2009 Credit action is totally the best website for stats nuts. +1 Best stat on their is the mortgage rate (ACTUALLY) paid by the avg borrower(with a mortgage)... Track base rates.... ROFLMAO..they have barely moved.The average rate is still 5.5% (fixed rates working in reverse to re-capitalise the banks) Really? My copy says 4.1% http://www.creditaction.org.uk/april-2009.html Quote Link to comment Share on other sites More sharing options...
kittingerjump Posted April 8, 2009 Share Posted April 8, 2009 what is scary is having people at work saying it's a great time to buy as property has started rising!!! Quick; sign me up! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 8, 2009 Share Posted April 8, 2009 (edited) +1Really? My copy says 4.1% http://www.creditaction.org.uk/april-2009.html that's on my favourites now...much obliged. Edited April 8, 2009 by Bloo Loo Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted April 8, 2009 Share Posted April 8, 2009 (edited) +1Really? My copy says 4.1% http://www.creditaction.org.uk/april-2009.html figures for past 24 months form BoE http://www.bankofengland.co.uk/statistics/...mar/TabG1.4.xls 5.65 5.66 5.80 5.82 5.91 5.92 5.94 5.94 5.97 5.88 5.89 5.80 5.80 5.73 5.76 5.79 5.79 5.81 5.82 5.54 4.80 4.32 4.10 Edited April 8, 2009 by newdman Quote Link to comment Share on other sites More sharing options...
Normal Posted April 8, 2009 Share Posted April 8, 2009 that's on my favourites now...much obliged. Heh, it gets ignored when posted every month, but it really does have bull-killer after bull-killer in it! Quote Link to comment Share on other sites More sharing options...
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