• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

British Bounce Back Boom

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    British Bounce Back Boom

    Lots of Bs there. Anyway - I noticed you can get a tracker again at boe base + 1.6 (3.6% & falling). Also noticed some nice little places on offer at auction - even an affordable maisonette in Islington!
    Now I've been bearish on UK PLC for some time - but could it be that the property market stabililsation is falling into place much earlier than (I) expected?
    Bored.

    #2
    Originally posted by ace00 View Post
    I noticed you can get a tracker again at boe base + 1.6 (3.6% & falling).
    Can you get 125% morgage? What's the deposits like? Do they lend more than 3-4 salary?

    It's those things that made the bubble possible - the rates could be low but if nobody will lend you more than 75-80% of house price value (rest if your deposit) and 3-4 times salary, then it would require house prices to drop 50% from peak in order for people to be able to get morgages, nevermind rates that may go up big time due to inflation soon.

    Comment


      #3
      If I can switch to a long term fixed rate that is fixed under 5% I'll be a happy chappie Low variable is nice, but it will go up at some point, and I'm guessing these really low rates won't be around this time next year.

      Comment


        #4
        Originally posted by ace00 View Post
        Lots of Bs there. Anyway - I noticed you can get a tracker again at boe base + 1.6 (3.6% & falling). Also noticed some nice little places on offer at auction - even an affordable maisonette in Islington!
        ?
        I've yet to see any nice little places in an auction.

        Properties make it into auctions for a reason, IME


        tim

        Comment

        Working...
        X