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House prices rose, property market picking up
- Thread starter Chicken Run
- Start date
Albion Dan
Banned
Dont really think it is a good thing for prices to rise yet. What we need is a couple of years of status quo. First time buyers are still outpriced from joining the ladder and untill that is addressed the market is knackered.
The stamp duty on £250k+ also desperately needs raising to £300k.
The stamp duty on £250k+ also desperately needs raising to £300k.
Blackadder
Brighton Bhuna Boy
OK so my house is worth more.
How will my kids buy a house?
How will my kids buy a house?
Uncle Spielberg
Well-known member
I know a good mortgage broker for anyone buying / wanting to re mortgage.
Barrel of Fun
Abort, retry, fail
This spells bad news for me. I have just turned 25 and just about to start my new job after uni. I doubt I will ever be able to afford a decent house.
surrey jim
Not in Surrey
Like many others my age (20) i have a solid job yet no chance of getting a morgage. i worked out i pay slightly less rent than the monthly morgage repayments would be on same property. 
looney
Banned
- Jul 7, 2003
- 15,652
Even so, the various property market surveys are not all pointing in the same direction.
RICS also said that in its view prices were still falling in more areas of the country than were rising.
And the Nationwide building society, the other major mortgage lender that monitors market tends, said last week that in fact prices were still slowing.
Its index suggested that annual house price inflation is still subsiding and stands at just under 2%.
I dont think its going up, dont particularly like the halifax's narrow measures,
buzza and bhafc make good points.
Gordon "the Clown" Brown has introduced SIPPS. Youve heard about the Rich screwing the Poor? This will help.
RICS also said that in its view prices were still falling in more areas of the country than were rising.
And the Nationwide building society, the other major mortgage lender that monitors market tends, said last week that in fact prices were still slowing.
Its index suggested that annual house price inflation is still subsiding and stands at just under 2%.
I dont think its going up, dont particularly like the halifax's narrow measures,
buzza and bhafc make good points.
Gordon "the Clown" Brown has introduced SIPPS. Youve heard about the Rich screwing the Poor? This will help.
Uncle Spielberg
Well-known member
Any family in the South East wanting to buy a modest family home has to pay 3% SD, the same up North and they will pay 1%. SD was 1% across the board until GB came in.
Curious Orange
Punxsatawney Phil
BarrelofFun said:This spells bad news for me. I have just turned 25 and just about to start my new job after uni. I doubt I will ever be able to afford a decent house.
You'll be in exactly the same situation at 30. My advice is get hitched to someone in an extremely well paid job, and don't have kids.
- Thread starter
- #13
That depends on wether you make a living out of a buoynt propertybhafc99 said:
Anyone can get a mortgage if they have a half decent job. You just need to make some sacrifices and start off on the bottom rung. From my experience a lot of people want to move straight into a nice house and still maintain their expensive social lives.
It's not easy but can be done.
It's not easy but can be done.
maffew
Well-known member
Willow said:Anyone can get a mortgage if they have a half decent job. You just need to make some sacrifices and start off on the bottom rung. From my experience a lot of people want to move straight into a nice house and still maintain their expensive social lives.
It's not easy but can be done.
I wouldnt agree with that, theres plenty of people with half decent jobs who dont stand a chance. I dont know what nurses and teachers earn for example, but say its 23k I guess the bank would lend you about 80k and by the time you could raise say a 15k deposit in 3 years you'd be looking at a 95k property. That will get you bugger all now never mind the time you've scraped a deposit together.
Ex-Staffs Gull
New member
Not in Fecking Stoke the market hasn't picked up
Anybody want to buy a house
Anybody want to buy a house
Uncle C
Well-known member
Taken in isolation these surveys are crap. Here is one from last Friday showing prices still falling and set to fall 5% in 2005.
http://www.themovechannel.com/News/2005/September/30a.asp
Remember people 'in the trade' like Estate Agents and Building Societies will hype the market to hell in order to increase business. With the economy about to take a downturn, dont be fooled.
http://www.themovechannel.com/News/2005/September/30a.asp
Remember people 'in the trade' like Estate Agents and Building Societies will hype the market to hell in order to increase business. With the economy about to take a downturn, dont be fooled.
Cheeky Monkey
Well-known member
- Jul 17, 2003
- 23,668
Willow said:Anyone can get a mortgage if they have a half decent job. You just need to make some sacrifices and start off on the bottom rung. From my experience a lot of people want to move straight into a nice house and still maintain their expensive social lives.
It's not easy but can be done.
Agree with Maffew, complete tosh. A studio will cost you around 100k (and who wants to buy a studio that's never going to increase in price?) and a 23k salary will only get you around an 80-90k mortgage. Some lenders now 'generously' offer the 35 year mortgage! This is a bollox thread for people trying to get on the housing ladder, what is there to celebrate? Paying 240k for a house that six years ago was worth a third of that.
Curious Orange
Punxsatawney Phil
Willow said:Anyone can get a mortgage if they have a half decent job. You just need to make some sacrifices and start off on the bottom rung. From my experience a lot of people want to move straight into a nice house and still maintain their expensive social lives.
It's not easy but can be done.
Not round here it can't!!
I could get a £100,000 mortgage, but that still leaves me at least £30,000 short on deposit!!
(And yes I do scrimp and save)