They started well over pricing property long before all this started

 

Difference is, in 2006 and 2007 they were selling at whatever price they asked!!

Buyers are sitting on the sidelines now, just waiting .... will the buyer blink first, like they did in early 2010? Don't think they will this time as they are staring down the rising Interest Rate barrel, whereas before there was very cheap money floating about.

 

I did actuall say ages ago that alot of people weren't prepared to sell thier properties at the reduced rate! Its only new builds where you can negotiate a good deal.

 

Only if you had 25-30% to put down. Same applies now.

 

You did, you did .... does it still apply today - now that the Builders have adjusted to the new order?

 

There are more 90% LTV about now .... I guess that means prices may go UP!?

 

They are selling alot more New build houses now as compared to when things 1st started to drop. The opinion is things will get better but people can still haggle prices down to keep the sales up. In the past Persimmon Homes and Charles church were only doing houses that were sold but now they are starting to do stock plots so they have reserves for some quick sales, the stock plots are more the ones where bargains can be had.

 

Barratts dont seem to be to concerned as they plan to open up 100 new sites in the next 12 months .
Someone must be buying .!!

 

I was one of them!

 

I see Q4 2010 GDP has been revised down to 0.6% from 0.5%. More joy. Like it or not our economy is in trouble, and there will be consequences. If the pound falls, inflation will really take hold and with wage inflation very low, well we're all going to be poorer as a result.
These poor figures will strengthen those members of the MPC who favour no rise in IR'.
But what happens to inflation then?
Tough times ahead.

 

Barrett homes had a very bad press in the 80's ..... the cheaper end of the market - are they now moving in the better circles? Genuine question.

 

They purchased Ward Homes in 2009 believe. It was a Ward Homes property that I purchased.
Stop trolling Pete. It is getting boring now.

 

I added 'genuine question' to my question to alert you to the fact that I was seriously interested ..... but you missed it!

I'm glad you bought a Ward home, by your answer I am led to believe that Barrett still have a stigma attached - that's the only thing I was interested in knowing ............... chill

 

Barret homes are no differenet to all the other builders. The houses are built the same way with the same sort of materials inside and out. It can only come down to finishing touches and customer care for how good the house is!

 

I believe an interest rate rise any time soon will definately send the country back into Recession .Yes it is still in a very precarious place to be honest and if the BOE makes a rate rise then its game over for a considerable time to come .
A lot of the Inflationary pressure at the moment is down to factors out of our control and "Joe Public" should not be penalised further .
Long last the low rates is what I say .

 

An Interest Rate rise would help many more people than it would hurt - 60% more savers than borrowers!!

About time that savers were rewarded - bring on 10%!!

 

Agreed.......

Nothing is done for the common man who is prudent and is trying to earn a few quid in interest...

Its the people that have overstretched and are in debt upto there eyeballs that see the benefit.

Let em sink i say,its of there own making..

 

Careful you two. The BTL brigade wont like that talk.

 

This place is a bargain .... just needs a little finishing off ..

http://www.rightmove.co.uk/property-...?premiumA=true

 

If anything this thread has proved is that you know nothing about how to pick a cheap bargain When the market drops next time you can show us how we shold of bought or sold

 

Think Barratt was the only house builder I have seen advertise on TV(years ago)

Can't remember the last mortgage advert I saw either

 

Barratt = JML

Definition....

Well meaning but falls far short of buyers expectations.Usually sold to those lacking in taste or sense.

Also known as....

Tat,pikeys paradise,benefit boulevard.

 

http://www.telegraph.co.uk/finance/p...emortgage.html

So 100% of people who took out mortgages with LTV of greater than 90% are now screwed unless they have approx £20k laying in a bank account.

They won't be able to remortgage and they are heading towards the SVR which is already disconnected from the base rate.

Still it could be worse...

 

Yep...

You could be a deluded scoobynetter.....lol......

 

If you needed evidence as to how desperate the Govt is to keep the "bubble" inflated, here it is.

http://www.bbc.co.uk/news/uk-12590039

This lot as are bad as NL and Brown.

 

Decent BTL Landlords in it for the long haul, will welcome a drop in prices, if they drop I will just buy more at a better price, if they rise then I'll get over it.

 

 

Why thank you kind sir.

 

Good point,i scrimped and saved to pay of my house never spending what i couldnt afford.Now its all paid for what are my savings getting **** all

 

You could always bag yourself a bargain instead of seeing it earn you nowt in the bank .!!!!