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Nationwide March 2015. Up 0.1% As Annual Growth Plummets

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Up 0.1% on the month. It's actually a new nominal peak. Worth noting that the NSA figure is up 2k - ten times the percentage headline increase.

Annual rate has seventh straight decline.

London and SE are mentioned as being down.

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Mar_2015.pdf

There's a quarterly release out too

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Q1_2015.pdf

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I know it deserves its own thread, and I know we've talked about it before but is anyone else a bit 'nervous' about Nationwide?

Like NR was very active in the 125% mortgages 2004-2007, Nationwide has been the go-to bank for London/SE stupid, post-MMR, multiples lending between 2008-2014.

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I know it deserves its own thread, and I know we've talked about it before but is anyone else a bit 'nervous' about Nationwide?

Like NR was very active in the 125% mortgages 2004-2007, Nationwide has been the go-to bank for London/SE stupid, post-MMR, multiples lending between 2008-2014.

The NR were lending 125% mortages on 2007 bubble prices.

The NW and other banks might be lending 95% mortgages ( for example ) on 2007 + 40% prices in the SE.

Sure, interest rates loiwer, cost of living massively higher.

Make of that what you will.

But hey, dont worry, if it all goes wrong you and I have guaranteed 20% of some of their losses,.

:blink:

Edited by TheCountOfNowhere

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I know it deserves its own thread, and I know we've talked about it before but is anyone else a bit 'nervous' about Nationwide?

Like NR was very active in the 125% mortgages 2004-2007, Nationwide has been the go-to bank for London/SE stupid, post-MMR, multiples lending between 2008-2014.

http://www.nationwide.co.uk/about/corporate-information/results-and-accounts#xtab:2013-2014

Analyses mortgage by location and equity in report.

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the amount of times these indices produce a +/- 0.1% they have to be seriously manipulated. having worked in statistics based roles for a number of years I know how unlikely it is that you would routinely produce a results within such a narrow range without a heavy dose of user fudging before publishing.

If this was just a formula which spat out an answer each month based on input sales data it'd be all over the place. The fact it isn't leads me to believe there has to be user interference before publishing, which ultimately leaves it open to massage in any way they choose.

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the amount of times these indices produce a +/- 0.1% they have to be seriously manipulated. having worked in statistics based roles for a number of years I know how unlikely it is that you would routinely produce a results within such a narrow range without a heavy dose of user fudging before publishing.

If this was just a formula which spat out an answer each month based on input sales data it'd be all over the place. The fact it isn't leads me to believe there has to be user interference before publishing, which ultimately leaves it open to massage in any way they choose.

No s**t...look at the land registry graph for every country outside of the S.E. and tell me there isn't something going on.

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Up 0.1% on the month. It's actually a new nominal peak. Worth noting that the NSA figure is up 2k - ten times the percentage headline increase.

Annual rate has seventh straight decline.

London and SE are mentioned as being down.

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Mar_2015.pdf

There's a quarterly release out too

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Q1_2015.pdf

These figures are getting some headline news now!

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Still surprised it's positive at all.

Heavily repressed interest rates meaning cheap borrowing and no return on savings combined with money printing making any option other than cash looking good for returns. Add to that the unshakeable faith of the average dumb Brit that you can't lose with bricks and mortar boosted by endless property ramping propaganda in the media and it's hardly surprising that property prices can do a Wil-E-Coyote for a few seconds after the cliff drops away.

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The NR were lending 125% mortages on 2007 bubble prices.

The NW and other banks might be lending 95% mortgages ( for example ) on 2007 + 40% prices in the SE.

Sure, interest rates loiwer, cost of living massively higher.

Make of that what you will.

But hey, dont worry, if it all goes wrong you and I have guaranteed 20% of some of their losses,.

:blink:

Nationwide started offering 125% mortgages in July 2009.

http://news.bbc.co.uk/1/hi/business/8141584.stm

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Up 0.1% on the month. It's actually a new nominal peak. Worth noting that the NSA figure is up 2k - ten times the percentage headline increase.

Annual rate has seventh straight decline.

London and SE are mentioned as being down.

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Mar_2015.pdf

There's a quarterly release out too

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Q1_2015.pdf

Nationwide don't really discuss the slowing year on year rate. They do however have a large section on housebuilding expectations. Also this from a housebuilder today. Could be perfect timing?

Oh and Dion Dublin taking over on Homes under the Hammer.

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11498584/Barratt-chief-executive-to-step-down-after-nine-years.html

Barratt Developments has picked its finance director David Thomas to lead the company once chief executive Mark Clare steps down, ending a nine-year stretch in charge of the housebuilder.

Mr Clare is leaving his post in July to pursue a non-executive career, the company said. He will remain on hand until October to pass over the rein

Edited by Ash4781

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Up 0.1% on the month. It's actually a new nominal peak. Worth noting that the NSA figure is up 2k - ten times the percentage headline increase.

Annual rate has seventh straight decline.

London and SE are mentioned as being down.

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Mar_2015.pdf

There's a quarterly release out too

http://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/Q1_2015.pdf

I must confess that I do not see that in London - In fact I see things going extremely quickly and often for very silly money

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