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BrilloPad
15th August 2008, 11:40
Lenders cut more mortgage rates

http://news.bbc.co.uk/1/hi/business/7562975.stm

Xenophon
15th August 2008, 11:42
lenders now appear to have become a bit more relaxed about lending than they were earlier in the year, with the cost of loans where customers put down a 5% deposit also becoming cheaper.

:yay:

scooterscot
15th August 2008, 11:43
Lenders cut more mortgage rates

http://news.bbc.co.uk/1/hi/business/7562975.stm

Got a letter through the door this morning one of me BTL mortgages is now reduced while the rent went up for the last tenant ^^^ BOOM ^^^

BrilloPad
15th August 2008, 12:10
Got a letter through the door this morning one of me BTL mortgages is now reduced while the rent went up for the last tenant ^^^ BOOM ^^^

:yay:

well done Sir

TimberWolf
15th August 2008, 12:11
If the official inflation rate is 5% (and with the true rate probably nearer double that) and with interests rates at only 6%, surely it's time to remortgage again? Happy days are here again, you never had it so good, boomed, etc.

BrilloPad
15th August 2008, 12:14
If the official inflation rate is 5% (and with the true rate probably nearer double that) and with interests rates at only 6%, surely it's time to remortgage again? Happy days are here again, you never had it so good, boomed, etc.

As long as you keep your job you are fine...

DimPrawn
15th August 2008, 14:09
Now's the perfect time (http://news.bbc.co.uk/1/hi/business/7562812.stm) to snap up one of those generous 95% mortgages, get yourself down to Wimpey Homes and secure a half completed flat overlooking the river.

You can't lose now!

Boomed!!!

HairyArsedBloke
15th August 2008, 15:16
Stock up on US BTLs too.

Telegraph: House sold for $1 in sign of US property crisis (http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2008/08/14/noindex/us.xml)

contractor79
15th August 2008, 15:30
Stock up on US BTLs too.

Telegraph: House sold for $1 in sign of US property crisis (http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2008/08/14/noindex/us.xml)

is it a good time to move to the US and invest do you think, seems much better value for money for housing there

DimPrawn
15th August 2008, 15:30
is it a good time to move to the US and invest do you think, seems much better value for money for housing there

Yes, off you go.

:wave:

HairyArsedBloke
15th August 2008, 16:00
It shows how silly the US housing market was. Original price was USD 65,000 in 2006 which would probably meant a mortgage of about USD 700 a month. They couldn’t fund that and it got repo’ed within 2 years!

TykeMerc
15th August 2008, 17:05
is it a good time to move to the US and invest do you think, seems much better value for money for housing there

Indeed, they love creationists there and I understand have started to teach creationism in schools with other fundamentalist religious clap-trap.

TimberWolf
15th August 2008, 19:52
Indeed, they love creationists there and I understand have started to teach creationism in schools with other fundamentalist religious clap-trap.

:spel cretinism

TykeMerc
15th August 2008, 20:11
Fair point.