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rantnrave

Latest Land Reg For Feb

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From their Twitter feed

Our February HPI shows a monthly change of 0.7%. Average house price in England and Wales is now £170,000. Full HPI out 28 Mar at 9.30am

Slowly catching up with the Haliwide...

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3 month lag....when was FLS scheme axed ?

Next 6 months will be very telling.

The banks took out a bumper load of FLS cash in the quarter between the announcement it would end and the curtain coming down. Based on the previous amounts they've been lending through the scheme, that amount should last them suspiciously close to Q2 2015 (and explains why savings rates have not budged). HTB is now in full swing too. So, although I'd like to see this madness ending, I can't see much change before the election.

As in 2008, I think it will be only events outside the UK that force a change in circumstances. Thankfully, there are several that have arisen recently - a new Cold War involving sanctions on funny money from Russia propping up the London market, a credit slump in China now underway, the new EU-wide mortgage lending rules coming in next month, the end of US tapering and an IR rise over there... The Euro could still blow up between now and the election too.

While any one over the age of 40 controls the Exchequer, the UK's TPTB will do all they can to avoid house prices coming down - something they've proven very adept at so far.

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The banks took out a bumper load of FLS cash in the quarter between the announcement it would end and the curtain coming down. Based on the previous amounts they've been lending through the scheme, that amount should last them suspiciously close to Q2 2015 (and explains why savings rates have not budged). HTB is now in full swing too. So, although I'd like to see this madness ending, I can't see much change before the election.

Se emy big fat osborne thread...it's obvious where he hopes the "free" pension money wil be going.

What a ********* * **** * * ***********

*****

Why did anyone think these public school boys would do anything other than honour themselves and their friends.

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The banks took out a bumper load of FLS cash in the quarter between the announcement it would end and the curtain coming down. Based on the previous amounts they've been lending through the scheme, that amount should last them suspiciously close to Q2 2015 (and explains why savings rates have not budged). HTB is now in full swing too. So, although I'd like to see this madness ending, I can't see much change before the election.

The terms of FLS were that for each £1 lenders took from the BoE in 2013 they could have £10 in 2014. Do we know if the £10 for 2014 stands or not? It seems to be assumed that FLS for mortgages has stopped but is that for certain or could it just mean for new 2014 lending? Could every £1 of 2013 mortgage lending mean there is still £10 of mortgage lending for 2014 in the pipeline? If not the BoE has not honoured the original terms.

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