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The Masked Tulip

'buy Now If You Can Get A Mortgage'

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Nothing changes :(

http://www.thisissouthwales.co.uk/southwal...il/article.html

"THERE are deals to be done", says property guru Phil Spencer from Channel 4's Location, Location, Location.

But no, it wasn't while he was showing a hapless couple around yet another home he and co-star Kirstie Allsopp selected for them for the television show — it was his comment on the housing market right now.

Phil was in Swansea's Copper Quarter, the development of homes by Barratt nestled near the Liberty Stadium and the Morfa Retail Park.

He was in the city for a Meet the Experts event, which featured estate agents, financial advisors and solicitors.

And he said that, while potential house buyers should take their time and not feel pressurised into buying a property, now was an ideal time to buy — as long as you could get a mortgage.

"People should pay attention to what's going on in their local markets, not the national market."

"If you can look into getting a decent mortgage now, interest rates are only going to go one way, and prices are starting to rise.

"How long that will continue in the long term is the question, but interest rates will have to move.

"However, you do need to tread carefully and you do need to buy your own house for the long term. People can afford to bargain — there are deals to be done."

Phil has found houses for the likes of Radio One DJ Chris Moyles, and had been due to hand Michael Jackson the documents on three homes he could have stayed in during his This Is It Tour — but the star tragically died just three days earlier.

And though he told the Evening Post he had never suffered a repossession or other property problems with any of his own homes — due to careful planning and forethought — he has not entirely escaped the recession unscathed.

His homefinding business, Garringtons, went bust earlier this year. He put his own money into the company in an attempt to save it, but eventually had to lay off all 10 members of staff at the Chelsea-based firm and place it into administration.

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property guru...

... His homefinding business, Garringtons, went bust earlier this year

'nuff said

Edited by VoteWithYourFeet

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Phil....had been due to hand Michael Jackson the documents on three homes he could have stayed in during his This Is It Tour — but the star tragically died just three days earlier.

Hmmmm......

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I don't really understand...he says "buy now...interest rates are only going to go one way"

Does he not make a connection that if interest rates go up then property prices will have to come down?

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How do you become an 'expert' ?

Seems you always get invited back to get paid for your 'expert' advice. Even if it is consistently shown to be extremely poor.

I want to become an 'expert' and to get paid for my poor advice. Where do I apply……………….

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"If you can look into getting a decent mortgage now, interest rates are only going to go one way

and which way is that Phil old chap?

VW ought to use him in their next Golf advert.

"This is the man..........."

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And he said that, while potential house buyers should take their time and not feel pressurised into buying a property, now was an ideal time to buy — as long as you could get a mortgage.

...

If you can look into getting a decent mortgage now, interest rates are only going to go one way, and prices are starting to rise.

Illogical, captain.

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He was in the city for a Meet the Experts event, which featured estate agents, financial advisors and solicitors.

You just need to take a banker & politician with you and you have the full set of the scum of the earth.

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He forgot to mention 'canny investors snapping up bargains' and 'shortage of supply leading to higher prices'.

<_<

.. house prices will stay high as by 2015 there will only be seven FTB mortgages issued..

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Surely the very fact that there are no mortgages allowing FTBs into the market should tell Phil that this is indeed a very WRONG time to buy.

But then, you and I know that he really knows that too.

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And he said that, while potential house buyers should take their time and not feel pressurised into buying a property, now was an ideal time to buy — as long as you could get a mortgage

blah blah blah same old fart :lol: Hey Phil what happens to those who take your advice and buy today then base rate hits 6% not like today's 0.5%?

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Is this Phil's latest moneyspinner?

Touring the country attending EA sponsored events and telling the public/press that now's a great time to buy etc.

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