I have noticed that, properties coming back to the market after being sold ...... the Agents say things like, "Mortgage Problems", "Chain Collapsed", "Bad Buyer" - they never say what really is happening ....

Which is that Valuations are coming in way under the agreed prices in most cases, resulting in a Mortgage offer being adjusted or refused .... hence it needs to be re-marketed.

 

Well we've taken the plunge.

Sold the flat at about 10% off peak and bought the house we wanted from the start at the same % reduction.

Grabbed a 5 year fixed rate at 4.69%, which means I can make overpayments.

Providing we dont need to move in the next 5 years, I reckon we should do ok

 

Well done selling a Flat - they are difficult to sell at the moment.

 

a good investment strategy is to buy the "cheapest" house in the most expensive area, you get very good capital growth

i.e. buy a 1 or 2 bedroom flat in Notting Hill Gate, return on capital is absolutly mental compared to a house

never buy the most expensive property in a sh1te area, i.e. the 5 bed "barn" conversion in a new build estate, a great way to see your capital nose dive

 

Falling house prices mean that two million households have either negative equity, or too little equity to finance a house move, lenders have said.

BBC NEWS | Business | Negative equity stops home moves

 

edited to reflect the last 5 years.

 

Some nice properties here:-

Private viewing: Pick of the property market - Property, House & Home - The Independent

 

What on earth is the point of just copying and pasting everything you come across? Those properties are wildly different and all across the country. You haven't seen any of them anyway so what's your point?

 

What about this beauty

1 bedroom flat for sale in Charles Bradlaugh House, Tottenham, London, N17

 

Sounds like you got a similar deal to me

 

I was going for a Northern Rock 10 year fix at 5.25% in 2006 that would have allowed overpayments but not closing the account without penalty. I wasn't happy to have a 2 to 2.5x income mortgage without a fix for the period in which I expected to pay it off. That sounds ultra cautious doesn't it? I wonder how I would have fared, recently thought it would have been a disaster of a rate, but over the entire term I think it would have been a good deal despite the present low tracker rates. If you could get 10 year fix now at below base rate, the market would probably ignite...

 

Posted purely for interest and of no harm to anyone I should imagine?

Those who are interested in houses would click on this thread and may enjoy that link .....

Your post seems as pointless as you claim my post to be - which is quite bizarre if you sit back and think about it

 

What, a 0.49% Fix for 10 Years?

Yep, I think that would do it all right!

Imagine a 0.99% Fix for 25 Years?

£250,000 Studio Flats in Manchester anyone?

Cheap money is as bad as expensive money .... money needs to have a value.

 

House prices rise for the third month in a row !!!!!!!









According to Rightmove .

 

You mean asking prices have increased according to Rightmove?

 

Asking Prices have increased simply because Estate Agents are fighting over any property coming to the market .... so, amazingly, they are telling the owners that their property is worth much more than it is, so they get them on their books.

Then after a few weeks, they get the vendor to drop their price ....

 

Is that Rightmove who act in the interest of estate agents? The ones that are about as easy to trust as Robert Mugabe? Hmmm - I find them a great source of info.

 

House sales rise a whopping 40 % in March !!!!!!!!!!!!!!!!!


Bit of Sunshine is all you need !!!!!!!

 

So you mean 7 houses sold in the UK compared to 5 the previous month. Very exciting.

 

As a matter of inerest Pete, how many posts were there in your longest ever thread, and which one was it?

Les

 

That's got the be the 'Currys' thread.

 

The number of homes sold in the UK jumped by 40% in March from the previous month, according to figures from HM Revenue & Customs (HMRC).

BUT, seasonally adjusted it is actually 13% .... still a rise and shows the bottom of the market.

BBC NEWS | Business | House sales 'jumped 40% in March'

 

There have been so many, Les

I guess the Currys thread (as said above) could hold the record, but this one looks like a possible contender?

I do deliver value for money .............

 

Just done exactly that myself

 

You should be excited Matty .

Houses start selling ,economy picks up ,interest rates go up, you get a bit more than £50 quid a month on your savings in the bank .

 

The recession will start to bite soon. 3 million on the dole is expected.

The economy (growth) is predicted to shrink (by the government) by 3.5%.

Hardly a theatre for increasing house prices,

 

I thought the message from Mr Brown today was it will all be behind us by the end of the year .!!!!!!


Full steam ahead by this time next year .....up up and away !!!!!

 

It could be a blip to catch the impatient ..... not sure how to call it?

 

As the great Quo said.

Down down, deeper and down.

There's more to come, and I'm renting for a bit after selling my pad

I'll look to buy in autumn/winter when it's really biting.

 

AN' I LIKE IT, I LIKE IT, I LIKE IT, I LIKE IT
I LA, LA, LIKE IT, LA, LA LIKE,HERE WE GO ROCKIN' ALL OVER THE WORLD