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Radio 4: File On 4: Homes But No Loans

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http://www.bbc.co.uk/programmes/b00xppmm

Homes but no loans.

Despite the threat of a new slide in house prices and rising levels of negative equity, the number of property-buyers having their homes repossessed has declined over the past year. But now many economists predict interest rates will rise in the course of 2011, fuelling fears that Britain's housing market could be facing a double dip. With banks chasing profits and affordable mortgages harder to find. Michael Robinson asks what impact the new housing freeze will have on Britain's already battered economy.

Must surely be a good old bear fest. My only complaint will be the inevitable insistence that lower house prices are a "bad thing"

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And with todays news, the suggested IR rises now look hopelessly optimistic :angry:

i'm still expecting the unexpectable.

Anyway things looking bleak simultaneously on all fronts makes me feel an IR rise might not be so necessary for the HPC, plenty of other grease on the pole.

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i'm still expecting the unexpectable.

Anyway things looking bleak simultaneously on all fronts makes me feel an IR rise might not be so necessary for the HPC, plenty of other grease on the pole.

on now. I think this program will miss the point slighty though given the summary. Seem to be grovelling on about no lending, can't sell, can't buy. Nothing to so woth the fact the house market is still chronically overpriced.

Ona good point...the Doc sounds scrummy!

Edited by geed

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A doctor with a good sized deposit can't afford a house. Clearly Insane Situation. What more needs to be said?

Doctors wages are too low.

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Delusional vendors now!

From the EAs mouth, prices will fall, too many houses on Market, vendors undercutting each other!

:D

Edited by Pent Up

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Ooooh a deflationary house price spiral!

I'm enjoying this :D

bugger :D I'm missing it now will have to do the podcast on the way to work but sounds better than i hoped for B)

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"We were never in debt." Er, what's a mortgage then?

Its a Death Pledge....except the nice Man in the Bowler hat wont let you die.

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bugger :D I'm missing it now will have to do the podcast on the way to work but sounds better than i hoped for B)

It's quite bearish. Full of sob stories, poor people can't get unaffordable mortgages, poor old SMI couple set to lose home...

Actually not about potential rate rises.

Edited by Pent Up

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Whats this Mortgage Interest Payment Benefit they're talking about? I never knew taxpayers were paying all this??? :angry:

Support for mortgage interest. You can claim the interest paid on your mortgage to the value of 3.67% Down from 6.08%

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What about the gutless EA who valued a waterside flat at 50% of what the owner paid for it. Wouldn't tell him , just said 'it's not the right time to sell'.

How many of these out there?

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  • 284 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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