How's is it funny when it's the truth why would he lie he is earning great money at the min

 

Next you'll me telling me that you teach English

 

Why would he lie? As I said earlyer on house prices in the south are also rising,

 

It is true .... prices in the South are firm.

 

yes

 

Why would an estate agent lie? I have no idea

Regardless of which I'm not sure what your point is. Firstly we need to separate house prices from volumes. In terms of volumes we are still in historically low figures. 2011 saw about 55,000 (mortgage approvals) with the average over about fifteen years being 88,000.

If you look at the graph below you'll also see that between 2000 and 2008 it was mostly around the 100,000/year mark which would make it twice what it was for 2011.

http://www.housepricecrash.co.uk/gra...-approvals.php

Of course this data applies to the whole of the UK and the south east does have it's own micro environment but the figures will still mostly be in line.

So, even if your mate isn't a typical billy b8ll****ter estate agent his personal experience is not in keeping with what is going on in the rest of the country (including the south east) in terms of transaction volumes.

 

Why would an estate agent NEED to open longer hours? Its not because the amount of volume of sales dictates that they need to..
What utter tosh..
They maybe opening longer in a bid to make themselves more accessible to working people,along with all other busineses that deal with the public..

FWIW,house prices in my area are stagnating,and slowly dropping.

I see estate agents "new" ploy is to offer incentives on all their sales properties..% of deposit/stamp duty/legal fees paid if completed before xx/xx/xxxx date!!

 

Surely not with internet technology, surprised Estate Agents actually need a property window to advertise the houses in this day and age.

 

I'm not so sure on this. Its much harder to get a mortgage for BTL these days if your personal circumstances don't stand up.

I've spoken to a few people thinking they can just roll into their bank and roll out with a 90+% LTV BTL mortgage on interest only.

I'm not saying its not impossible but it isn't like it was a few years ago. Interest only can be hard to get agreed - before it was "Will you pay this off in X year" "Yes of course, cross fingers" etc etc Now they want proof you have something in place.

Those that have good deposits and liquid(ish) assets and good income shouldn't find BTL too hard to come by.

I know of someone who went through all the BTL and buy, renovate, sell for profit phase and for a time did quite well. Now he has £1.4m in property and £1.6m in mortgage debt - DOH!

 

I noticed this change on my last one, however all they asked for for proof that I could pay the capital off at the end of the term, was a savings account statement that had to show more than £5k.

 

I guess it all depends on the lender. Woolwich refused an interest only mortgage when the borrower said they intended to use the tax free cash from an NHS pension to cover the capital.

They would have accepted a private pension but not an NHS pension - makes you wander when a lender trusts a government back pension less than a private scheme.

 

Well it looks like cheap mortgages and lowwww rates are here for a while folks .Latest forecast is until 2016 before they begin to go up too "Normal Levels" .
Pay them mortgages down down down .!!!

 

I have just remortgaged my house and I took 4 years off the term and I only pay £80 a month more than I was paying. Two years time when its due for review I will wipe a few more years off as well

 

thinking of selling soon, good time to do that and whats the agents fees i should be paying. (4 bed in SE)

 

Have a look at these;

http://www.hatched.co.uk/

http://www.swiftresidential.co.uk/

http://www.housenetwork.co.uk/

I am looking to put my house on the market in the next few months. I will end up trying one of the above or use the above to beat down the extortionate fees traditional estate agents charge. It will be a case of I will give you £x or I will just use an online agent.

 

I've been looking at houses, there sees less on the market that during the summer...I suppose this is normal?

Some houses listed at silly money, dunno what advice the agents are giving?

 

hangover from christmas ,paying off visas etc .Give it another 8 weeks or so and people will start looking at making that move .

 

House prices dropped again today didnt they ?

 

I didn't realise as a FTB how stamp duty shafts you just from going from a 250k house to a 251 k house 'cos of the threshold.

 

Thats if you buy in the next couple of months...

Otherwise FTB's will be subject to £125k+ stamp duty

 

I thought you had been raped and killed in Libya

 

So it ends in March then?

That will hurt house prices surely?

 

Sorry to disappoint you. lol

 

No, that was Gaddaffi not TdW.....

 

Just raped then?

 

Was you in Libya then Ding ?

 

Yes. I've been in Libya for a few years after being released from the UK for my prostate problems

 

So....


Are houses prices down 25% to the predicted low from peak around your area ???

A couple of £500k houses in my area are now at £400k..Unsold...

A 2up,2 down that was initially on at £179k,went the other day at £146k..

 

The better measure is like-for-like sales rather than the price sold vs price asked.