Sunday, June 14, 2009

Dis-functional Britain

Recession Is Breeding 'Reluctant Landlords'

"Tim and Ursula Tavender are among them. Two years ago, they were married and bought a house together. But now they are planning on moving in with Tim's parents and letting out their home in West End, Southampton. They remortgaged it in order to carry out renovations - but when the market slumped, were left with almost no equity and major debt." 'nough said!

Posted by confused76 @ 10:46 AM (1087 views)
Please complete the required fields.

4 thoughts on “Dis-functional Britain

  • it’ll be a cold day in hell before house prices start rising again!

    Please complete the required fields.

  • Does anyone else get the very distinct impression that the other foot is about to fall on the property market?

    Please complete the required fields.

  • Obviously they did not listen to what was said on this site in 2007. If they had moved in with their parents in 2007 then they would have saved a lot money and they could be in much better position today. Perhaps this the message should be sent out to the current purchasers/propective purchasers who think that the prices have bottomed out only to find later they wished has waited.
    But then you only learn by your own mistakes otherwise the world would be a perfect place with community spirit.
    Oops I forgot the greed factor and that the prices of property never go down.

    Please complete the required fields.

  • stillthinking says:

    Even renting a flat is a huge chunk of your disposable income, freebie parent accomodation might be the only choice to get the deposit together.
    The adjustment from 0% to 25%+ deposits is such a huge change. Saving up 30K takes a while.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>