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View Full Version : Doomed: "Property looks headed for a fall"



NoddY
12th September 2007, 23:36
Homeowners facing rise in loan costs as property looks headed for a fall:

http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article2441984.ece

"Halifax, the biggest mortgage lender, will shortly announce higher variable rates for many borrowers and remortgagers, The Times has learnt."

...


"The lender, which has a fifth of all mortgage business in Britain, will withdraw a big part of its mortgage range at 8pm today"


The money taps are being turned off. Game over.

fzbucks
13th September 2007, 00:05
but the Buy to Letters will still keep buying - if they don't it's their investment down the pan.

they've already been paying more than they get from them in rent anyway because they are aiming for the golden day when they sell em all for a million each so a few poxy percent on the interest rates will not worry them just yet.

alreadypacked
13th September 2007, 08:14
It was all over the news again, centeral banks are pumping money into the market, but at the same time warning the banks to spend it wisely. The fact that some punters are spending 20% of their income on their loans, brings the phrase "horse bolted" to mind.

DimPrawn
13th September 2007, 08:30
No everything will be fine.

This time next year your London bedsit will have earned you another £100K in equity rises.

Property is cheap at the moment. Buy lots of it now.

wendigo100
13th September 2007, 08:31
Here it comes...:eek

Troll
13th September 2007, 09:06
Oh Dear™, Oh Dear™, Oh Dear™

_V_
13th September 2007, 09:07
Oh Dear™, Oh Dear™, Oh Dear™

Don't, you'll upset milan with all those ™™™™™™™™™™'s