Saturday, June 24, 2006

First time buyers to increase….Huh?

First time buyers scheduled to make comeback - A&L

A&L begin another monthly assault on our senses in relation to FTBs...ho hum...

Posted by Converted Lurker @ 11:49 AM (581 views)
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3 thoughts on “First time buyers to increase….Huh?

  • I live in cornwall, had a mortgage appointment with Alliance and Leicester, and after reviewing our wages, savings outgoings ect we were told that we could’nt affford to buy a house. So we are renting for the foreseable future, I do not want spend most of my wages on a mortage, I would not be able to afford any increase in interest rates as i would be stretched to the limit already. I really dont care about owing my own home that much, although I am of the age where I sholud be seriously considering buying a house, obviously I was’nt part of the Alliance and Leicester research programme.

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  • `Chris Rhodes, managing director of Alliance & Leicester retail banking said that they were witnessing great confidence in the mortgage market from consumers. He further said that it was gratifying to see great confidence amongst people under 30’s. Improved first time buyer activities would encourage others to take the plunge.’

    In a later (off the record) conversation Mr Rhodes admitted he would be happy to financialy crucify anybody in exchange for his own large bonuses. `Sod them it’s really only me & my company I’m interested in, if they are stupid enough to want to borrow money I will supply the large wooden cross & a couple of nails (cross & nails subject to an over inflated charge).’

    Anybody thinking of buying please please please don’t beleive these lying b*astards!

    No offense intended to the religous community – however I can’t say the same for Mr Rhodes.

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  • This does smack of desperation.

    The best indicator of falling house prices is when a vested interest releases a report saying that first time buyers are returning to the market because affordability has improved. In other words – house prices are cheaper.

    I do feel like the market has been kept afloat by spin, but I also sense it getting more and more desperate in recent weeks.

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