jfk Posted April 23, 2013 Share Posted April 23, 2013 Just heard an advert for the following programme, should be interesting listening! I'll be on the school run so will catch it up later Link here First-Time Buyers Duration: 30 minutes First broadcast: Wednesday 24 April 2013 Trying to buy your first home? To work out what it could cost and ask about the schemes which may help, call 03700 100 444 from 1pm to 3.30pm on Wednesday. According to the Land Registry the average price of a house is now £162,606 and the average price of a flat or maisonette is £153,687. Rising house prices are making it tough for first time buyers but there are a number of options which could help you onto the property ladder. Many lenders have designed mortgages which allow family members to offset their own savings to reduce the size of the mortgage debt, or to act as guarantor, boosting the amount which can be borrowed. In his March budget, Chancellor George Osborne launched 'Help to Buy' to assist would be home owners with smaller deposits. You may also have heard of other government backed schemes such as 'New Buy' and 'First Buy'. If you are considering the various ways of buying your first home, how much you could borrow, what the monthly repayments will be and whether you're are eligible for help, call 03700 100 444 from 1pm to 3.30pm on Wednesday. Whatever your question, presenter Ruth Alexander will be joined by: Ray Boulger from broker John Charcol Paula John from Your Mortgage Magazine David Hollingworth from broker London and Country Call 03 700 100 444 on Wednesday. Phone lines are open between 1pm and 3.30pm. Standard geographic charges apply. Calls from mobiles may be higher Presenter: Ruth Alexander Producer: Diane Richardson Anyone going to call in / comment? Quote Link to comment Share on other sites More sharing options...
danlee74 Posted April 23, 2013 Share Posted April 23, 2013 No can do as at work ... however, I would urge anyone with the ability to call in, to call in. We MUST start making more noise ... yes, it is nerve-wracking but after the first few lines it should get easier given a few written-down pertient points. Any chance of someone who is listening to put up some highlights (not that I will be watching !) and letting us know if it worth listening to or if it is throw the radio out of the window bad?! Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted April 23, 2013 Share Posted April 23, 2013 (edited) Just heard an advert for the following programme, should be interesting listening! I'll be on the school run so will catch it up later Link here Anyone going to call in / comment? Ruth Alexander is joined by three "experts" who have a vested interest in getting you to buy a property. Wonderful. Edit: To add inverted commas Edited April 23, 2013 by Eddie_George Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted April 23, 2013 Share Posted April 23, 2013 Hello Money Box Live! I am a potential FTB. Most if not all of the problems facing first time buyers would be eliminated if prices were allowed to drop to historic averages. Instead, we have policies designed to keep prices high, which exacerbate and have prolonged the problems of affordability, not to mention the accompanying damage to our economic competitiveness and family lives. Unless and until such policies are halted, we will continue to find ourselves in a situation where few people can afford to buy. I do not wish to commit to taking on a 25 year committment in an environment of historically-high prices, declining real wages and record low interest rates. It is potentially an explosive mixture. Quote Link to comment Share on other sites More sharing options...
Verity Posted April 23, 2013 Share Posted April 23, 2013 I'm a bit bamboozled by all the wider economic theories on this site, but the questions are quite simple. What's the average wage (about 25K per annum?) So they can afford approx 75K for a mortgage? Maybe 100K? How many people are a month away from defaulting on their mortgage? (about 800k?) How many people are in negative equity? (No idea) And that basic bit of maths that if house prices increase by any percentage you have to spend significantly more to buy the next one (presuming you're moving up). There are probably more, but I'd like to hear any programme that discusses house prices backed up with facts rather than rhetoric - wouldn't we all? Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 23, 2013 Share Posted April 23, 2013 No can do as at work ... however, I would urge anyone with the ability to call in, to call in. We MUST start making more noise ... yes, it is nerve-wracking but after the first few lines it should get easier given a few written-down pertient points. (...) + 1 Quote Link to comment Share on other sites More sharing options...
jfk Posted April 24, 2013 Author Share Posted April 24, 2013 BUMP ... if anyone can listen to this / comment on the program it would help get the HPC message out there - about to go on school run so can't do it myself Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 24, 2013 Share Posted April 24, 2013 BUMP ... if anyone can listen to this / comment on the program it would help get the HPC message out there - about to go on school run so can't do it myself Whatever your question, presenter Ruth Alexander will be joined by: Ray Boulger from broker John Charcol Paula John from Your Mortgage Magazine David Hollingworth from broker London and Country Call 03 700 100 444 on Wednesday. Phone lines are open between 1pm and 3.30pm. Standard geographic charges apply. Calls from mobiles may be higher Presenter: Ruth Alexander Producer: Diane Richardson. Quote Link to comment Share on other sites More sharing options...
SirGaz Posted April 24, 2013 Share Posted April 24, 2013 So far the lunatics are running the asylum. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 24, 2013 Share Posted April 24, 2013 So far the lunatics are running the asylum. +1 Everything is geared towards the builders, the mortgagees, the house sellers. Feck everyone else. Seems so many people with priced out problems. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 24, 2013 Share Posted April 24, 2013 So far the lunatics are running the asylum. Abysmal, mind boggling, ... I'm speechless. They keep managing to surprise me. It's always much worse than my worst expectations. Unfeckinbelievable. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 24, 2013 Share Posted April 24, 2013 What else did you expect? Spring bounce isn't happening so more ramping required . Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 24, 2013 Share Posted April 24, 2013 What else did you expect? Spring bounce isn't happening so more ramping required . I DID expect total cr@p. But that was much much worse! Quote Link to comment Share on other sites More sharing options...
rantnrave Posted April 24, 2013 Share Posted April 24, 2013 TimeBandit used to be heroic at these call ins. Haven't seen him on the site recently though. To be honest, these discussions are doomed to be anything but VI spin the minute they tell you who the experts are. Get Henry Prior, Nick Boles, Merryn SW and JD on, then things might get interesting. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 24, 2013 Share Posted April 24, 2013 I DID expect total cr@p. But that was much much worse! They have to pull out all the stops, their backs are against the wall. Every time I look on Rightmove there are more reductions in my part of the South East. Quote Link to comment Share on other sites More sharing options...
SirGaz Posted April 24, 2013 Share Posted April 24, 2013 I think the only time they mentioned that prices might be too high was when reading out an e-mail, the woman 'expert' just trotted out the old line about not enough houses/land and supply and demand. How much does she think houses would be if the banks only leant out, say, 2.5x joint earnings? They simply refuse to see the wood for the trees. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted April 24, 2013 Share Posted April 24, 2013 I think the only time they mentioned that prices might be too high was when reading out an e-mail, the woman 'expert' just trotted out the old line about not enough houses/land and supply and demand. How much does she think houses would be if the banks only leant out, say, 2.5x joint earnings? They simply refuse to see the wood for the trees. Yes, I switched off at that point. Very poor IMPO. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 24, 2013 Share Posted April 24, 2013 I think the only time they mentioned that prices might be too high was when reading out an e-mail, the woman 'expert' just trotted out the old line about not enough houses/land and supply and demand. How much does she think houses would be if the banks only leant out, say, 2.5x joint earnings? They simply refuse to see the wood for the trees. Oh, they see it alright. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted April 24, 2013 Share Posted April 24, 2013 TimeBandit used to be heroic at these call ins. Haven't seen him on the site recently though. To be honest, these discussions are doomed to be anything but VI spin the minute they tell you who the experts are. Get Henry Prior, Nick Boles, Merryn SW and JD on, then things might get interesting. He/she bought iirc Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 24, 2013 Share Posted April 24, 2013 Oh, they see it alright. I'm still not sure about that Bruce. I think you may be overestimating most of them. I'm sure a minority at the top can see the whole picture, sure, but these people on Money Box Live today? Not sure. I think they may be real morons, including and particularly the BBC presenter. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted April 24, 2013 Share Posted April 24, 2013 Yes - retards of the first degree. People taken in by this shite, deserve to loose their money, on the simple basis it is a danger to them. Joe Public is HUTH fodder, and will never understand why they are hated. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted April 24, 2013 Share Posted April 24, 2013 I'm still not sure about that Bruce. I think you may be overestimating most of them. I'm sure a minority at the top can see the whole picture, sure, but these people on Money Box Live today? Not sure. I think they may be real morons, including and particularly the BBC presenter. Don't know about anyone else, but I've seen masses of stuff in the papers recently about prices being far too high/unaffordable, they need to be allowed to drop as best way to help FTBs. It was kicked off by Osborne's daft idea in the budget - and if it's kicking off such a response maybe it wasn't so daft. Quote Link to comment Share on other sites More sharing options...
geezer466 Posted April 24, 2013 Share Posted April 24, 2013 They can troll all they like about keeping prices high the simple truth is the system is broke and people (in the main) are not buying. The Government Country cannot afford the crash hence the stalemate and the pulling of all the stops to keep the plates spinning. If anyone wants to listen to this papp again the link is here.. http://www.bbc.co.uk/programmes/b01s0dk9 Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted April 24, 2013 Share Posted April 24, 2013 Don't know about anyone else, but I've seen masses of stuff in the papers recently about prices being far too high/unaffordable, they need to be allowed to drop as best way to help FTBs. It was kicked off by Osborne's daft idea in the budget - and if it's kicking off such a response maybe it wasn't so daft. I believe this might be the case. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted April 24, 2013 Share Posted April 24, 2013 I believe this might be the case. leave it out Bruce. Quote Link to comment Share on other sites More sharing options...
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