October 2017 Archive

Friday, October 27, 2017

Buy-to-let as an alternative income in retirement

50Connect: Investing in buy-to-let for extra retirement income

Andrew Turner from Commercial Trust Limited (www.commercialtrust.co.uk) discusses the pros and cons of buy-to-let investment as a means to obtaining an alternative source of income in retirement.

Posted by andrew pelis @ 09:15 AM 0 Comments

Friday, October 20, 2017

Friday 20 Bear Food

BBC: House prices: Have they actually gone up in your neighbourhood?

House prices in more than half of neighbourhoods in England and Wales are still lower in real terms than a decade ago, BBC analysis has revealed. In 58% of wards, residential properties are selling for less now, after accounting for inflation, than they were in 2007.

Posted by jack c @ 11:38 AM 3 Comments

Tuesday, October 17, 2017


The Independent: London House Prices Fall at Fastest Rate since 2009

home values in London declining 2.7 per cent in September from a year earlier, the most since 2009. And the falls appear to be accelerating.

Posted by monkeypuzzle @ 12:41 PM 0 Comments

Some interesting charts of houses v Stocks over the long-term

Moneyweek: What’s best to invest in now – stocks or houses?

Some comparisons of stocks vs houses as an investment.

Posted by frizzers @ 07:19 AM 0 Comments

Friday, October 13, 2017

Friday 13 Bear food

Mortgage Solutions: Housing ‘bubble alert’ issued by mortgage adviser for 19 UK towns and cities

Mortgage broker One 77 Mortgages has issued a “bubble alert” on 19 mainly northern UK towns and cities, where house prices are rising but mortgage lending is falling.The research confirmed the “gap” is a measure of affordability by comparing the percentage difference between annual drop in lending against annual house price changes. With this metric, Cleveland was most at risk, with property values rising 11% between Mar 2016 and Mar 2017, while lending fell 0.9%. Following Cleveland was Blackburn, with a gap of 6.8%, and Blackpool, at 6.2%.

Posted by jack c @ 09:46 AM 2 Comments

Wednesday, October 11, 2017


Daily Mail: £1.7m Georgian manor with 9-hole golf course and a helipad could be yours for £25... if you can complete this crossword

These scams always work the same way. Publicise in the local paper (or DM if you have connections); collect the money; then low and behold not enough tickets sold [this one will need 150,000 tickets) and the raffle gets cancelled, with the owner keeping 20% of proceeds "to cover administrative costs"..... A breathtaking £1.7 million six-bedroom Georgian mansion boasting a nine-hole golf course and helicopter landing pad is being offered as a competition prize. Donna Pirie, 54, is hoping to raise £1 million for charity by raffling off her stunning home for just £25 a ticket

Posted by little professor @ 01:24 PM 1 Comments

Tuesday, October 10, 2017

What do recently reported price drops in the capital mean for homeowners?

BestSavingsRate News: UK Housing Bubble: Is a House Price Crash Likely?

The cooling of the UK’s housing market is roughly in line with the latest economic growth figures, which have been largely sub-par ever since the Brexit vote in June 2016. But the the latest figures point towards a potential UK house price crash?

Posted by kathryn gaw @ 03:23 PM 0 Comments

Thousands of feckless borrowers set to lose state subsidy

LoveBTL: Support for Mortgage Interest overhaul: thousands 'at risk of losing homes'

OAP and on an interest-only mortgage? Well come next April the government will stop paying your mortgage bill and will offer you a loan on fantastic terms instead.

Posted by landofconfusion @ 01:26 PM 10 Comments

Saturday, October 7, 2017

BoE is limited

BBC: Cost of fixed-rate mortgages starts to rise

"The cost of taking out a fixed-rate mortgage has started to rise, even though the Bank of England has kept base rates at a record low." Exactly! Interest on savings comes from the opposing debt, BoE has issued QE which is mainly interest free hence the UK banks have more in deposits than they do in debts i.e. the interest paid by the debtors cannot cover the interest earned by the savers because they don't match up anymore. Going forward the BoE can tighten by increasing capital requirements, any regulation that reduces credit expansion, but they can't meaning fully increase interest rates because no way rates can rise for savers unless QE is withdrawn. So more QE for deflation, micro-management of credit availability for inflation.

Posted by stillthinking @ 01:40 AM 4 Comments

Sunday, October 1, 2017

No supply side reforms

Buzzfeed: Prime Minister pledges tuition fee overhaul and £10bn boost for first-time buyers

May has come out with additional funding basically the same as Osbourne, so I think that clearly there is no intention from the Tories for supply side reform on housing. I also don't feel that a majority of the electorate is after cheaper housing. Corbyn I feel sure off the idea of compelling councils to purchase property, grant planning permission, and then sell onwards to capture the value, because it would kill two birds with one stone. Increase availability of housing, and also fund his election promises. It seems to me that 100,000 properties a year with planning permission values a conservative estimate of 50K = 5 billion to blow and thats per year. I wonder how the youngsters will vote they seem to be kingmaker.

Posted by stillthinking @ 01:10 AM 13 Comments

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