Realistbear Posted June 2, 2011 Share Posted June 2, 2011 (edited) http://www.telegraph.co.uk/finance/economics/8551029/UK-mortgage-approvals-hit-record-low-in-April.html UK mortgage approvals hit record low in April Mortgage approvals fell in April to their lowest level for the month since records began in 1993, amid warnings sliding house prices are likely to start hurting the country's biggest banks within months. This is bad, really bad. Or good, depending on where you are. Edited June 2, 2011 by Realistbear Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted June 2, 2011 Share Posted June 2, 2011 From the article The biggest rise in credit card borrowing in 14 months - an increase of £347m - may have been tied to people hitting the shops over the month's run of bank holidays. Nah. It because the Great British public have run out of money. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 2, 2011 Share Posted June 2, 2011 Mortgage approvals fell in April to their lowest level for the month since records began in 1993, amid warnings sliding house prices are likely to start hurting the country's biggest banks within months. That can't be correct. BBC Business presenter Simon Jack (the one who looks like Clark Kent) said only this morning on BBC News that the housing market was improving slightly . Quote Link to comment Share on other sites More sharing options...
jonboy2010 Posted June 2, 2011 Share Posted June 2, 2011 What happened to house prices will rise 16%, or is everyone gonna pay cash Quote Link to comment Share on other sites More sharing options...
@contradevian Posted June 2, 2011 Share Posted June 2, 2011 (edited) Which mortgage approvals is this? Are the other April mortgage approvals threads not good enough for you RB? http://www.housepricecrash.co.uk/forum/index.php?showtopic=164162 Edited June 2, 2011 by Sir John Steed Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted June 2, 2011 Share Posted June 2, 2011 BBC Business presenter Simon Jack (the one who looks like Clark Kent) said only this morning on BBC News that the housing market was improving slightly . it is "improving" - for buyers anyway :-) Quote Link to comment Share on other sites More sharing options...
exiges Posted June 2, 2011 Share Posted June 2, 2011 Talking to an EA yesterday about a property, the first thing he asked, almost blurting it out, was "are you in a position to proceed?". The relief in his voice when I said funding was no problem was palpable. Quote Link to comment Share on other sites More sharing options...
leicestersq Posted June 2, 2011 Share Posted June 2, 2011 Talking to an EA yesterday about a property, the first thing he asked, almost blurting it out, was "are you in a position to proceed?". The relief in his voice when I said funding was no problem was palpable. Gosh, what reply did he expect? Would anyone say anything different? Quote Link to comment Share on other sites More sharing options...
scottw Posted June 2, 2011 Share Posted June 2, 2011 What happened to house prices will rise 16%, or is everyone gonna pay cash I think the article suggested that prices would fall a little this year then rise by 4% per year for the next 4 years ....... subtlety suggesting to BUY NOW BEFORE IT'S TOO LATE FOR THE LOVE OF GOD PLEASE BUY NOW Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 2, 2011 Share Posted June 2, 2011 Gosh, what reply did he expect? Would anyone say anything different? Of course they would if they were honest and not in a position to proceed. At least I would, wouldn't you? Quote Link to comment Share on other sites More sharing options...
MrPin Posted June 2, 2011 Share Posted June 2, 2011 Talking to an EA yesterday about a property, the first thing he asked, almost blurting it out, was "are you in a position to proceed?". The relief in his voice when I said funding was no problem was palpable. I'm in the same position, and wish to buy a house! Estate agents love me, but I'm not seeing anything on their books that I like, for the right money. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted June 2, 2011 Share Posted June 2, 2011 They'll blame it on cucumber panic next.... Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted June 2, 2011 Share Posted June 2, 2011 I'll be a FTB when I buy a house, with a good deposit. I'm worried about going into EAs for fear that they might try and bite my hands off! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 2, 2011 Share Posted June 2, 2011 I'm in the same position, and wish to buy a house! Estate agents love me, but I'm not seeing anything on their books that I like, for the right money. You will, be patient . Quote Link to comment Share on other sites More sharing options...
MrPin Posted June 2, 2011 Share Posted June 2, 2011 They'll blame it on cucumber panic next.... Actually I'm looking for a house with a lounge big enough to get a cucumber in! Quote Link to comment Share on other sites More sharing options...
SarahBell Posted June 2, 2011 Share Posted June 2, 2011 BBC Business presenter Simon Jack (the one who looks like Clark Kent) You are either Simon Jack or his mother. Simon is more like a cornish pixie than anything else. Quote Link to comment Share on other sites More sharing options...
MrPin Posted June 2, 2011 Share Posted June 2, 2011 You will, be patient . So frustrating Bruce! I have a healthy deposit, and can get finance, but I really think the prices are still 15% too high, and that money takes a long time to save, and an even longer time to pay back! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted June 2, 2011 Share Posted June 2, 2011 So frustrating Bruce! I have a healthy deposit, and can get finance, but I really think the prices are still 15% too high, and that money takes a long time to save, and an even longer time to pay back! I'd say they're 30% or 40% too high. Why not go house hunting for a nice rental, negotiate a two year contract on favourable terms and sit back and watch the market implode. Quote Link to comment Share on other sites More sharing options...
cica Posted June 2, 2011 Share Posted June 2, 2011 Record since 1993. If this is as real as is implied then it's gonna get bad pretty quick. I'm happy living in my bedsit for now Quote Link to comment Share on other sites More sharing options...
ccc Posted June 2, 2011 Share Posted June 2, 2011 I'll be a FTB when I buy a house, with a good deposit. I'm worried about going into EAs for fear that they might try and bite my hands off! Well maybe if the EA is a fit birdie - you could ask for a gummy to be thrown in as a 'special' offer ? I know - degrading and all and whatever. However they are estate agents. So seems reasonable to me. Quote Link to comment Share on other sites More sharing options...
Gerinako Posted June 2, 2011 Share Posted June 2, 2011 Bounce......... Got to hit the floor to bounce though....and I don't think we're there yet :-) Quote Link to comment Share on other sites More sharing options...
MrPin Posted June 2, 2011 Share Posted June 2, 2011 I'd say they're 30% or 40% too high. Why not go house hunting for a nice rental, negotiate a two year contract on favourable terms and sit back and watch the market implode. I'm in a tidy rented bungalow Mr Bruce! I sold up in 2007 when I thought prices could get no higher! They didn't! Not sure I share your optimism! Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted June 2, 2011 Share Posted June 2, 2011 Actually I'm looking for a house with a lounge big enough to get a cucumber in! It all depends upon the size of your cucumber. Not all cucumbers are created equal. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted June 2, 2011 Share Posted June 2, 2011 I'd say they're 30% or 40% too high. Why not go house hunting for a nice rental, negotiate a two year contract on favourable terms and sit back and watch the market implode. Quote Link to comment Share on other sites More sharing options...
grandmaster Posted June 2, 2011 Share Posted June 2, 2011 I am a 100% cash buyer and I can assure you that estate agents are not biting my hand off by any stretch of the imagination. As I live abroad I have even been offering a year of *free rent* to the vendors so they can find their next house in their own time-frame. My offers have been in the region of 85% asking price and I'm being virtually ignored. On the flip side, I seem to have my pick of new builds. Only problem is, I don't want any of the ones on offer. Quote Link to comment Share on other sites More sharing options...
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