Dunk

iTrader: (1)

OK, so it's as likely as Norman Lamont becoming Chancellor again, but you have to hope.

FB - Feb 08

D

[Edited by Dunk - 11/6/2003 1:11:48 PM]

TelBoy

Housing crash anyone??!

TelBoy

LOL!

Nationwide have literally just increased their mortgage rate by 0.35%

OMFG!!

Tiggs

no.

house prices rising by 25% didnt put anyone off so why will .25%


you can do the techno maths all you like, at the end of the day house are bought by joe bloggs....and joe wont care about .25%

daiscooby

I am glad I came home to Wales to live.

Mortgage = £18500
Current Value of house = £92500

Smiles all the way

fast bloke

it will add about 20 quid a month to a 100k mortgage. Can't see it making much difference to house prices, but people will stop spending for a bit until they find out that they are only 70p a day worse off

NACRO

lol nice figures

try these:
cost of house in central Brighton in 1996- £65,000

current value £390,000

or how about these

Cost of terraced houses in grim northern hell hole I come from in 1997 £18,000

Current value £85,000.

Guess what I've been selling over the past few months- laughing all the way to the bank, a few more of these and I'll be retired before I hit 30. Don't you just love the property market in the UK?

Spoon

Has Christmas been and gone then?

(A joke only known amongst the pretend Eddie Georges)

TelBoy

LOL!

Personally i think it's a mistake, but what do i know?!

The BoE does like to be pre-emptive, but for the same reasons other people have said "what difference will 0.25% make?", i think the BoE could have kept things as they are and not fuelled any danger of a consumer slowdown. Personally i don't see the economy on fire and about to explode out of control...

We shall see!

Dunk

iTrader: (1)

Hope the BoE cranks it up as high as poss & punishes all those foolish enough not to have capped their rate. With any luck a nice period of hyper inflation, interest rates will soar & my savings will pay my mortgage.
More rises please

D

fast bloke

How many years are you capped for?

Tiggs

"Hope the BoE cranks it up as high as poss & punishes all those foolish enough not to have capped their rate"

why would they want to do that?

"With any luck a nice period of hyper inflation"

luck? it would take more than that!

"interest rates will soar"

high with the pigs no doubt

"my savings will pay my mortgage"

cunning plan.

T

davegtt

think thats a bit slefish tbh, how can u hope they push it up as high as possible, there are familys out there that have had to get a BIG morgage just to buy a SMALL house to support their familys, then when they cant afford the house cause of your wishes and they end up on a council estate where YOU and many others can label them up as spongers.

Just because it will hardly effect you doesnt mean its not going to effect alot of ordinary people. This aint really gonna effect my pocket either but Im giving an honest opionin. Its OK for the older generation who have a pitance of a morgage but the younger kids who are trying to get ont he ladder can barely get a modest terrace house now without breaking the bank.

unclebuck

So, it's finally begun. It's not a lot but the party is coming to an end. (way after it should have done)

Pretty soon we'll start to find out who's finacially secure and who has been living on credit way above their means.... (X5 owner types spring instantly to mind)

Tiggs

"Pretty soon we'll start to find out who's finacially secure and who has been living on credit way above their means.... (X5 owner types spring instantly to mind)"

what does that mean?

why are you interested in how others have been living? are you conducting some social experiment or just pissed that some people drive X5's?

if interest rates are low and people have taken advantge then good for them, if they bought it on credit its likley to be fixed so what do they care?

i bought my 540 with a very cheap loan and play pop idol styleeee music in it very loud.....is that interesting?

T

fast bloke

what happens in March 08 then? suddenly you are fekked with the rest of the country

(except mortgage advisors, who will be flat out for at least the next 6 months as people suddenly realise that they have to get into the 5 year fixed deal now )

fitzscoob

"play pop idol styleeee music in it very loud"

ack nooooooooo

being a house type muppet, dont have my own property, gf still at uni etc etc.

Is the rising rate of interest likely to lower the purchasing cost of property? At the moment its bloody hard to get on the ladder.

unclebuck

i bought my 540 with a very cheap loan and play pop idol styleeee music in it very loud.....is that interesting?

Nah... just a bit sad.

TelBoy

It will definitely slow the rate of increase, that's for sure.

Whether it leads to an actual price deflation is less certain - 0.25% isn't a lot. Yet.

USA jobs data just out - unemployment falling sharply. This could all start picking up rather more quickly than some are expecting. Strap yourselves in!

Tiggs

not sad for me...i like low interest, BMW's and pop so im happy.......seems you arent keen on others doing what they enjoy? whether its me and my loan or kids singing on TV....maybe you should get yourself some debt while you can and live a little yourself instead of worrying about others?

T

Dunk

iTrader: (1)

"fekked with the rest of the country"
How ?
(Current income + hyper inflation%) less Fixed outgoing = Bunce
(Bunce compounded)* 5 years = Zero mortgage + little bunce.

Easy peesy, this time next year we'll be .......

D

NACRO

Great stuff....bring it on and those of us that cashed in can buy up repo'd property at knockdown prices. Screw the idiots who'll end up on the streets or in council houses, perhaps they shouldn't have been so greedy.

MattW

Interesting that Nationwide have increased by 0.35%, I wonder how much of the last 0.25% drop they passed on???

From bbc site

0.25 will not make much difference apart from make people think twice, 5-5,5%, now that will hurt a lot of people.

davegtt

nacro. idiots??? people who have HAD no other choice but to get a 100k morgage to afford to live in a humble terrace.

Its people who buy shed loads of cheap houses cause u can afford to and rent them out thats half the reason that pushed up house prices in the first place selfish and arrogance is what its called mate.

unclebuck

Tiggs - My home is fully paid for, and I don't have any debt. Personally I would *never* borrow to buy a brand new luxury car whose value will fall dramatically while I am still paying interest on what I borrowed to buy it in the first place. That's a double whammy. Still each to their own.

Turn up that Gareth Gates CD and enjoy your credit while it lasts


UB

NACRO

quote: "selfish and arrogance is what its called mate."

Arrogant maybe then again it's hard to have humility when you watch the way some people behave. Selfish no- it's called cashing in on the idiocy and madness of the capitalist system that all the nomarks subscribe to. Personally I like to play the system as I'm trapped by it, even if ideologically I am diametrically opposed to it. I've done very nicely out of it all thank you very much and pretty soon I'll have enough to give a 2 finger salute to the rest of you who have such blind faith in it. If that isn't beating the system I don't know what is.

I have no sympathy whatsoever for the families who were forced to pay 100K+ to house their repellant broods. The sooner they are out on the streets the quicker I can buy their houses at a knockdown price.

ADP

dont think its going to make major waves is it, but every little ripple helps...........lots of ripples make a wave

anyway, borrowed some money for my new car 2 days ago just beat the rise....ha ha

TopBanana

SELL SELL SELL!

ProperCharlie

to me, yes. don't ask why - i just like this sort of trivial information.

if we get a bit of a pop in the market, the people who will suffer will be those who tried to get too much, too quickly. those who opted for short term discounted deals. those who didn't do the sums as they are in the real world. i'm not going to gloat - i haven't got that much to gloat about. i just believe that you have got to go forward cautiously. you've got to cut your coat to suit your cloth etc. if you go mad buying this and that for short term gain and then you fall out of bed... oh dear.

davegtt

NARCO, Fair play mate you gotta do what ya need to in this world to make some dosh and tbh I wouldnt mind doing it but in all fairness its them who do do it are the 1's who are pushing this stupidity beyond realism, bricks and mortar are not worth what people pay full stop.

but then thats living in the good ole UK of ****e for ya