Sell or not

[sunnysan]

Houses again,

I have a flat in London East End.

Mortgage +- 125k value +- 170k.

Not too worried about the interest rate hikes at this point as mortgage etc is still cheaper than renting in this area.

I am more concerned with the current sentiment , ie Inflation and more hikes etc and I am worried that this will trigger a selloff or alternatively when chickens come home to roost for our darling PM Brown interest rates are going to go back into double digits

I am on fixed rate until 2009 at 5.45% but I am worried that in 2009 interest rates could be much higher

Shoudl; I take the money and run or just sit tight?

[Bagpuss]

IMHO the market is one more rise from a fall

[BrilloPad]

How far in East End? How close/long to Liverpool Street?

there are 2 markets - one for city, one for rest. city market driven by bonuses - mortgague hardly important. sounds like the flat will not appeal to those with bonus money(too cheap) but might be dragged up by bonuses.

city getting in more and more global money.

independance for London! :-)

[shaunbhoy]

.

independance for London! :-)

Yeah, bring it on. Then you can pay for your OWN bleeding Olympics and not farm most of the cost out to the rest of us!

[Bagpuss]

How far in East End? How close/long to Liverpool Street?

there are 2 markets - one for city, one for rest. city market driven by bonuses - mortgague hardly important. sounds like the flat will not appeal to those with bonus money(too cheap) but might be dragged up by bonuses.

city getting in more and more global money.

independance for London! :-)

According to the prog last night, the city bonus is likely to go the way of the Dodo

[sunnysan]

Not

How far in East End? How close/long to Liverpool Street?

there are 2 markets - one for city, one for rest. city market driven by bonuses - mortgague hardly important. sounds like the flat will not appeal to those with bonus money(too cheap) but might be dragged up by bonuses.

city getting in more and more global money.

independance for London! :-)

Liverpool Street is about an 8 minute walk. Small flat, nice block, (Not Council)

[BrilloPad]

Yeah, bring it on. Then you can pay for your OWN bleeding Olympics and not farm most of the cost out to the rest of us!

we don't want the olympics! does anyone?

[BrilloPad]

According to the prog last night, the city bonus is likely to go the way of the Dodo

I fell asleep after 15 mins - why will bonuses go?

[Bagpuss]

I fell asleep after 15 mins - why will bonuses go?

Because there are people willing to work for less, and the halcyon days are coming to an end, recession on the way etc

[expat]

Yeah, bring it on. Then you can pay for your OWN bleeding Olympics and not farm most of the cost out to the rest of us!

The capital city routinely exploits the rest of the country, in most countries. London is especially competent at getting its snout in the trough while pretending to subsidise everybody else.