Everything's fine and dandy

[DimPrawn]

First-time buyers alive and well as house prices become affordable, says CML – Telegraph Blogs

First-time buyers are alive and well as house prices become more affordable, according to the Council of Mortgage Lenders (CML). Despite higher deposits being required, reports of the disappearance of first-time buyers are greatly exaggerated because falling house prices are making property more affordable, banks and building societies claim.

Paul Smee, director general of the CML, said: “While the number of first-time buyers – and indeed all buyers – has declined markedly since the credit crunch, the proportion of loans advanced to first-time buyers has remained remarkably steady, fluctuating between 34pc and 40pc of the total since 2005. In November, first-time buyers took up 37pc of the house purchase market, the same as in October.”


Remember folks....

[northernladuk]

and

Rightmove said there were 44m searches in the first 10 days of 2012, a 27% increase on the same period last year, while the reluctance to sell was reflected in the lowest level of new supply that Rightmove has ever recorded.

[AtW]

Bonus cuts hit holiday homes - Telegraph

[BrilloPad]

Good to get advice from an unbiased source like CML.

[AtW]

Good to get advice from an unbiased source like CML.

How is life in the City going? I'll be visiting it early next month: should I bring my own lunchbox or it's affordable to buy it there and then?

[Old Greg]

How is life in the City going? I'll be visiting it early next month: should I bring my own lunchbox or it's affordable to buy it there and then?

Lunchbox? Have some ambition and kip in a cardboard box.

[Mich the Tester]

Everything's fine and dandy

Yes, I know. Was there a problem of some sort?

[DimPrawn]

Yes, I know. Was there a problem of some sort?

Not that I noticed. Papers keep banging on about some sort of Credit Crunch and recession or some such affecting the Proles.

[MarillionFan]

Not that I noticed. Papers keep banging on about some sort of Credit Crunch and recession or some such affecting the Proles.

Jeeves had said the cost of caviar had gone up this last year. Had the cheek to ask me for a rise.

[AtW]

Jeeves had said the cost of caviar had gone up this last year. Had the cheek to ask me for a rise.

So your Jeeves eats the caviar and needed payraise to maintain expensive taste?