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Boom'n'Bust

Repossessions Rocket For B&b

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Total rubbish, there is nothing wrong with the BTL market. In fact rents are going up, my mate said so.

I'm sure we will see a massive drop in the repossesion figures from now on because the interest rate cut last week.

I'm sure these people were only having short falls of £12-£15 a month which will now be covered.

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This is going to be an interesting set of stats to keep an eye on.

Finance director, Rosemary Thorne:

“There’s nothing to be concerned about. The level of arrears has been totally in line with our expectations, given the rises in interest rates.”

Which haven't risen *that* much beyond what I would have factored in. Just goes to show how keen people are to skate on thin ice.

The mortgage lender insisted that: “The housing market is achieving the soft landing that we predicted at the end of the year and house prices have remained broadly static.”

On a background of next to no sales (in my local area 2 in 7 months, ~10s still not sold).

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'Total rubbish, there is nothing wrong with the BTL market. In fact rents are going up, my mate said so.

I'm sure we will see a massive drop in the repossesion figures from now on because the interest rate cut last week.

I'm sure these people were only having short falls of £12-£15 a month which will now be covered.'

:lol::lol:

Yeerrr, Rrriiight - This has to be a post from a Bear being ironic, surely

:rolleyes:

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Total rubbish, there is nothing wrong with the BTL market. In fact rents are going up, my mate said so.

I'm sure we will see a massive drop in the repossesion figures from now on because the interest rate cut last week.

I'm sure these people were only having short falls of £12-£15 a month which will now be covered.

Usually you BULLS want evidence from us BEARS to backup our statement. Well what more can be solid evidence other than a Lender saying that repossessions have shot up?

Oh and btw, I'm sure your mate's right and the rest of UK's wrong.. :lol:

Edited by Boom'n'Bust

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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