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Impact of COVID-19 on Liverpool Student Rental Sector


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HOLA441
27 minutes ago, Tulip_mania said:

Yes, but very few people wish to live in the parts of Liverpool where houses cost £60k, I don't think there is a shortage of houses in the North of England, but there is a lot of loose credit, Help to Buy etc being spent in the more desirable parts. There are suburbs of Leeds, Sheffield, Manchester and Liverpool where prices make very little sense in comparison to local wages. It is however not London where a total dump in zone 3/4 costs £250k.

In London.

I girl from my home village has jumped into the 

London property market, aged 45ish, 3 years ago. Small, 2 bedroom, ex LHA, Acton way. 500k.

Ouch.

 

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6 minutes ago, Locke said:

Star Wars No GIF - Find & Share on GIPHY

Mad. Where do you get that info from?

Ill try and dig it out.

I do remember seeing the IO sales figures post 2008. Pretty much all IO.

London is stuffed full of hot housing money - IO mortgages, 30% of housing stock is private rentals, ~50% of people non British.

C19 is going to see all that blow up

 

 

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HOLA444
3 hours ago, spyguy said:

Ill try and dig it out.

Cheers

3 hours ago, spyguy said:

London is stuffed full of hot housing money - IO mortgages, 30% of housing stock is private rentals, ~50% of people non British.

For sure, but I still find 90% IO mortgages to be pretty incredible.

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HOLA445
22 minutes ago, Locke said:

Cheers

For sure, but I still find 90% IO mortgages to be pretty incredible.

90% of mortgages, from 2002-MMR..

As its stands, the BoE/./FCa have only de-armed ~50% of IO mortgages.

Id guess the bulk of the left overs are younger (not OAPs/RIO) borrowers in London.

 

 

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For the many that may not be aware,many property developers in Liverpool are just fronts for gangsters.They are simply money laundering schemes.The police are aware of it and we have had one high profile case recently in the city.Its expected that there will be other cases exposed in the future.

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HOLA449
On 5/4/2020 at 9:05 AM, spyguy said:

 

London is stuffed full of hot housing money - IO mortgages, 30% of housing stock is private rentals, ~50% of people non British.

C19 is going to see all that blow up

Do you not think soon enough if the money stops coming to London soon enough Scunthorpe will crash as well

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