Doomed: "Property looks headed for a fall" Doomed: "Property looks headed for a fall"
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  1. #1

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    Default Doomed: "Property looks headed for a fall"

    Homeowners facing rise in loan costs as property looks headed for a fall:

    http://business.timesonline.co.uk/to...cle2441984.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.

  2. #2

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    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.

  3. #3

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    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.
    Fiscal nomad it's legal.

  4. #4

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    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.
    SARS-CoV-2 - Finally something from China that still works as designed.

  5. #5

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    wendigo100 is too good to be a permie

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    Here it comes...

  6. #6

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    Oh Dear™, Oh Dear™, Oh Dear™
    How fortunate for governments that the people they administer don't think

  7. #7

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    Quote Originally Posted by Troll View Post
    Oh Dear™, Oh Dear™, Oh Dear™
    Don't, you'll upset milan with all those ™™™™™™™™™™'s
    We're all Crypto Millionaire's, now Dave...

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