Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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Just wondered how much bother your having with mortgages etc. According to the news the rates change every day which sounds exagerated!
Just being nosy 
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John
Member
Registered: 30th Jun 03
User status: Offline
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Scotland's housing market is apparently fine as i've been saying for a while, nothing will be changing here apart from the banks possibly not lending to the very high risk people as per nationwide.
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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I was looking to move out of my apartment and into a house, which even though i'd have a fairly decent deposit to put down would still mean a stupid mortgage rate. Especially when moving isnt essential at the moment.
So its put me off moving for atleast the next 6-9 months, if not another year.
Still, is good for the sale value of my apartment, as prices are still rising fairly well in Manc city centre.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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I'll be looking to move this time next year, prices are still going up as ever in Scotland.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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Rates are not changing every day, things are happening every day as many lenders are withdrawing deals or changing deals for the worse on account of the scaremongering claptrap that the media are kicking up.
While there is public discomfort, the lenders are able to do bad deals and mess people about and people will go along with it because its big news that something bad is about to happen. In reality, the money is available because the BoE have said it is.
But that isn't news.
The whole situation annoys me greatly.
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John
Member
Registered: 30th Jun 03
User status: Offline
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Same as the whole Northern Rock thing, caused solely by the media and gullible public.
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by John
Same as the whole Northern Rock thing, caused solely by the media and gullible public.
Not exactly solely...but certainly played a huge part in it once the initial news came out about its trouble.
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Phil321
Member
Registered: 10th Mar 01
Location: Manchester
User status: Offline
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Most lenders now requiring low LTV before they'll offer a decent rate.
There are deals out there but lenders are now becoming, at last, more responsible.
Or more accurately, they have no choice but to be more responsible.
Like most scare mongering drummed up by the Daily Mail the worst of it will pass soon enough.
For those brave enough, there will be some bargains out there in the coming months, especially as repossessions soar.
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BYRON
Member
Registered: 1st Jun 04
User status: Offline
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Im buying at the minute and it was a pain in the arse tbh. Even up until yesterday, one party in the chain still didnt have a mortgage promise.
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Kathryn W
Member
Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline
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Me and Gaz are currently in talks with mortgage's
He NEEDS to move in the next couple of months, totally the wrong time to do it, 
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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I had an offer accepeted on a place.
Offered £150k end of Feb,
They came back end of march and accepted.
I've told them mortgage product have been pulled and I can only offer £140k which they have declined- They'll be back!
[Edited on 16-04-2008 by Alex.S]
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John
Member
Registered: 30th Jun 03
User status: Offline
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I can't wait till I get to sell a house, people that pull tricks like that will be told where to shove the new offer.
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Phil321
Member
Registered: 10th Mar 01
Location: Manchester
User status: Offline
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quote:
Originally posted by Alex.S
I had an offer accepeted on a place.
Offered £150k end of Feb,
They cam back end of march and accepted.
I've told them mortgage product have been pulled and I can only offer £140k which they have declined- They'll be back!
Its this kind of crap that makes buying/selling houses such a ballache.
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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quote:
Originally posted by Phil321
quote:
Originally posted by Alex.S
I had an offer accepeted on a place.
Offered £150k end of Feb,
They cam back end of march and accepted.
I've told them mortgage product have been pulled and I can only offer £140k which they have declined- They'll be back!
Its this kind of crap that makes buying/selling houses such a ballache.
No its not. I regularly buy and sell and try and make things as smooth as possible for everyone involved.
Now in this case if the vendor hadn't taken over a month to accept, they'd have had a sale STC.
However due to the mortgage product being reduced from 85% ltv to 80% LTV, I cannot proceed at that price and have to be senible in covering myself when the press are ranting on about possible market drops of 30%. Negative equity is not something I want to be faced with.
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MikeE
Member
Registered: 7th Mar 03
Location: Milton Keynes
User status: Offline
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i'm buying a newbuild off plan got the mortgage approved in feb at fixed rate for 2years, me and my girlfriend have been worrying as we found out the house wont be ready till december which was sposed to be september so the mortagge offer would have run out but but we rang them and they have told us we can extend it untill january a month before it runs out.
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Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
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quote:
Originally posted by Alex.S
I had an offer accepeted on a place.
Offered £150k end of Feb,
They came back end of march and accepted.
I've told them mortgage product have been pulled and I can only offer £140k which they have declined- They'll be back!
I wouldnt bank on it...
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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quote:
Originally posted by Bart
quote:
Originally posted by Alex.S
I had an offer accepeted on a place.
Offered £150k end of Feb,
They came back end of march and accepted.
I've told them mortgage product have been pulled and I can only offer £140k which they have declined- They'll be back!
I wouldnt bank on it...
They came back and said no. I havent bothered offering again now as the rate has gone up from 5.39% to 6.54% so thats been blown out of the water
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