Notting Hell Posted January 13 Report Share Posted January 13 Property market will melt down without stamp duty extension, Sunak warned https://www.telegraph.co.uk/property/uk/property-market-will-melt-without-stamp-duty-extension-sunak/ Prophet Spencer: Quote Phil Spencer, the TV property expert, said: “There is a big tsunami of deals building up. If the Chancellor really does stop the stamp duty holiday I just think chaos will ensue. “People will try and renegotiate up and down chains, and it only takes one person in the chain for four or five sales to fall through. The whole thing will come to a crashing halt and deals will fall off the shelf left, right, and centre." Quote Link to post Share on other sites
msi Posted January 13 Report Share Posted January 13 23 minutes ago, Notting Hell said: Property market will melt down correct without stamp duty extension Fixed Quote Link to post Share on other sites
zugzwang Posted January 13 Report Share Posted January 13 49 minutes ago, Notting Hell said: Property market will melt down without a £100bn/yr govt subsidy. Quote Link to post Share on other sites
TheCountOfNowhere Posted January 13 Report Share Posted January 13 1 hour ago, Notting Hell said: Property market will melt down without stamp duty extension, Sunak warned https://www.telegraph.co.uk/property/uk/property-market-will-melt-without-stamp-duty-extension-sunak/ Prophet Spencer: Property market will melt down without stamp duty extension, Sunak warned BY PEOPLE UP TO THEIR NECKS IN LEVERED UP MORTGAGE DEBT Quote Link to post Share on other sites
longgone Posted January 13 Report Share Posted January 13 2 minutes ago, TheCountOfNowhere said: Property market will melt down without stamp duty extension, Sunak warned BY PEOPLE UP TO THEIR NECKS IN LEVERED UP MORTGAGE DEBT Good burn in hell debt slaves. Quote Link to post Share on other sites
Smiley George Posted January 13 Report Share Posted January 13 1 hour ago, Notting Hell said: “People will try and renegotiate up and down chains, and it only takes one person in the chain for four or five sales to fall through. The whole thing will come to a crashing halt and deals will fall off the shelf left, right, and centre." Just though of a great reality TV programme. Have all families in the chain dropped into a Hunger Games style arena, last family standing get all the houses in the chain. Hosted by Phil and Krusty of course, could call it "Chain of Fools - Live" Just off to give Ch4 a shout. Quote Link to post Share on other sites
Pimp My Pants Posted January 13 Report Share Posted January 13 1 hour ago, Notting Hell said: Property market will melt down without stamp duty extension, Sunak warned https://www.telegraph.co.uk/property/uk/property-market-will-melt-without-stamp-duty-extension-sunak/ Prophet Spencer: This property expert? Lol Television property expert Phil Spencer's company owed more than £500,000 when it went into administration. Papers signed by the Location, Location, Location star reveal the full extent of his company's financial turmoil. When it folded in February Garrington Home Finders owed creditors £576,052. Quote Link to post Share on other sites
Rachel88 Posted January 13 Report Share Posted January 13 Phil and kirsty have help fuel these house prices. I hope rishi doesn't extend it but I fear he will. Quote Link to post Share on other sites
mrlegend123 Posted January 13 Report Share Posted January 13 Gov will not get rid of stamp duty as it is a good tool to control buy to let. I think he might extend SD if the housing market slows down but not for buy to let (due to rent crisis). Quote Link to post Share on other sites
Si1 Posted January 13 Report Share Posted January 13 They just can't bring themselves to say House Prices Will Fall because it actually sounds quite good for lots of people Quote Link to post Share on other sites
Martin_JD Posted January 13 Report Share Posted January 13 1 hour ago, longgone said: Good burn in hell debt slaves. What a peculiar thing to say. It's as if you may be jealous of people who have a mortgage? Quote Link to post Share on other sites
NobodyInParticular Posted January 13 Report Share Posted January 13 1 hour ago, Smiley George said: Just though of a great reality TV programme. Have all families in the chain dropped into a Hunger Games style arena, last family standing get all the houses in the chain. Hosted by Phil and Krusty of course, could call it "Chain of Fools - Live" Just off to give Ch4 a shout. Fleetwood Mac would get a boost from the obvious theme tune too. Quote Link to post Share on other sites
moonriver Posted January 13 Report Share Posted January 13 3 hours ago, Notting Hell said: Property market will melt down without stamp duty extension, Sunak warned https://www.telegraph.co.uk/property/uk/property-market-will-melt-without-stamp-duty-extension-sunak/ Phil Spencer, the TV property expert, said: “The whole thing will come to a crashing halt and deals will fall off the shelf left, right, and centre." They will just have to make new deals then, won't they? (hopefully with discounted prices for all buyers concerned). Quote Link to post Share on other sites
wighty Posted January 13 Report Share Posted January 13 3 hours ago, Pimp My Pants said: This property expert? Lol Television property expert Phil Spencer's company owed more than £500,000 when it went into administration. Papers signed by the Location, Location, Location star reveal the full extent of his company's financial turmoil. When it folded in February Garrington Home Finders owed creditors £576,052. How can a tin pot "home-finder" outfit rack up over half million in debt?. Where did the money go? Quote Link to post Share on other sites
wighty Posted January 13 Report Share Posted January 13 5 hours ago, Notting Hell said: Property market will melt down without stamp duty extension, Sunak warned https://www.telegraph.co.uk/property/uk/property-market-will-melt-without-stamp-duty-extension-sunak/ Prophet Spencer: No it wont. People will just stay put. Transacitons will collapse. Economy will suffer. There may be the odd cash bargain for the 3D's Quote Link to post Share on other sites
gerkin Posted January 13 Report Share Posted January 13 Sometimes I feel like the entire country runs on just buying and selling houses. People who cannot get a decent job or save 2 pennies are buying houses at all costs so they can get on this ‘ladder’ that only goes up. Quote Link to post Share on other sites
steve99 Posted January 13 Report Share Posted January 13 12 hours ago, Rachel88 said: Phil and kirsty have help fuel these house prices. I hope rishi doesn't extend it but I fear he will. It was just a hobby to them, ramping up house prices. Telling dipsticks to put a cheeky £20K extra on the price to make sure they got to buy it. I'm sure they hived off their share when the going was good. Quote Link to post Share on other sites
steve99 Posted January 13 Report Share Posted January 13 10 hours ago, wighty said: How can a tin pot "home-finder" outfit rack up over half million in debt?. Where did the money go? Executive wages and fees. ie phills pocket. Quote Link to post Share on other sites
steve99 Posted January 13 Report Share Posted January 13 14 hours ago, TheCountOfNowhere said: Property market will melt down without stamp duty extension, Sunak warned BY PEOPLE UP TO THEIR NECKS IN LEVERED UP MORTGAGE DEBT Warned by the vested interests who read the Telegraph. ie cronies of Sunak and the Tory inner circle. Quote Link to post Share on other sites
xxxx Posted January 13 Report Share Posted January 13 14 minutes ago, gerkin said: Sometimes I feel like the entire country runs on just buying and selling houses. People who cannot get a decent job or save 2 pennies are buying houses at all costs so they can get on this ‘ladder’ that only goes up. The housing market is the economy. Quote Link to post Share on other sites
xxxx Posted January 13 Report Share Posted January 13 6 hours ago, msi said: Fixed Yep. Fingers crossed this is the trigger we have all been waiting for. Quote Link to post Share on other sites
mrlegend123 Posted January 13 Report Share Posted January 13 14 minutes ago, gerkin said: Sometimes I feel like the entire country runs on just buying and selling houses. People who cannot get a decent job or save 2 pennies are buying houses at all costs so they can get on this ‘ladder’ that only goes up. I agree, people buying houses at any cost and having low pension pots. Equity release.? its growing Quote Link to post Share on other sites
wighty Posted January 14 Report Share Posted January 14 2 hours ago, steve99 said: Executive wages and fees. ie phills pocket. Phil has instructed his lawyers................... Quote Link to post Share on other sites
longgone Posted January 14 Report Share Posted January 14 7 hours ago, Martin_JD said: What a peculiar thing to say. It's as if you may be jealous of people who have a mortgage? only if the mortgage was started in the 90`s Quote Link to post Share on other sites
TheCountOfNowhere Posted January 14 Report Share Posted January 14 14 hours ago, steve99 said: Warned by the vested interests who read the Telegraph. ie cronies of Sunak and the Tory inner circle. The world has truly lost it's way.... Quote Link to post Share on other sites
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