K,
Affordability crisis? Nah.
I told all you trolls that the dynamics of the UK housing market has changed well over a year ago, even the media are now broadcasting about a 'pent up demand'.
Tell me, when is there going to be a UK house price crash, lol, just lol! |
High demand, but affordability issues….
Equals no sale |
K,
Again...
Are you now admitting the supply and demand situation that I and others have been stating is correct?.
Evidently is seems that way! |
BWY ‘we remain mindful of the sensitivity of customer demand to mortgage affordability and the evolving economic backdrop.’ |
A good trading update from Bellway today |
Thing is, landlords will be forced to increase rents to start saving for EPC upgrade, especially now if they’re just about to let out a property. And tenants like plumbers with have to charge more for services to pay their rent, then the landlord will need to charge more to pay for plumbing. Equals hyperinflation , equals whoops we need a digital currency ?
Anyone know what happens to bit coin value when gov switch to a digital pound and digital US dollar? |
‘Landlords face a shock 2028 deadline for meeting EPC ‘C’ deadline’
Landlords will have to put up rents now to pay for this rubbish. All this I reckon will cause hyperinflation eventually, to enable the introduction of a didital currency. Oh, here it is already, oh what a surprise
Higher rents mean more difficult for FTB to save for a deposit |
K,
"Is that a new build 1 bedroom semi detached bedsit in the SE or something?"
No you can still buy a 3 bed for £300k.
Are you now admitting the supply and demand situation that I and others have been stating is correct?.
Evidently is seems that way! |
‘ A £300k mortgage with a 10% deposit costs less than £1.600 pcm.’
Berk, do you mean a 300k house, and a 10% deposit, and a 270k mortgage? Is that a new build 1 bedroom semi detached bedsit in the SE or something? |
Sikhthetech,
Now in your 7th year of posting the same drivel, all the while house prices have been rising, from October 2018, to October 2024, but you cannot grasp it, lol.
A £300k mortgage with a 10% deposit costs less than £1.600 pcm.
A reasonable, but in a poor area 3 bed house in the SE within an hour of London costs more than £1,600 pcm.
However in an semi-affluent area, the figure is at least £1,800 pcm.
Evidently, it is more affordable to buy a house than to rent in the SE of England within an hour of London, that's a very big chunk of England's population, please correct me if I'm wrong? Lol!
Now, tell me, when is your each and every 7th year prediction of a house price crash going to come true?
Lol, just lol!
You are not credible. |
‘ 10 Reasons You Can’t Afford to buy a House? ‘
65k in today’s money shows just what a rip off new builds are today imv |
Kennewil
"Esp if paying 2grand a month in rent.
Also if rates fall, your mortgage will follow after a couple of years."
FTB are more likely to be looking for cheaper property than new builds, which can carry a huge premium. If they are finding it difficult paying rent, why pay a huge premium to buy a new build? As a owner, they would also need to maintain the property.
If interest rates look like they going to fall, then a lot of buyers will wait, as they have done so over the past couple of years.
Stamp Duty changes coming in April, so there's likely to be an increase in activity prior to that.
Homebuyers will try and save money, where they can |
K,
6.5% product is ok on 3.25% rate.
The current communist government 'couldn't run a bath'
Have ADVFN responded to your appeal, lol, just lol!
Affordability crisis...Nah. |
Molo product fee 6.5%, so no point.
The Mortgage Works wins every time
‘ The government said it would introduce changes to the Leasehold and Freehold Reform Act 2024 on Monday.. ‘ |
 From Property118.com.
More positive news for borrowers.
Affordability crisis...Nah.
""Two leading lenders have announced reductions in their buy to let mortgage rates, offering competitive financing options.
The first is Accord Mortgages which has dropped rates across its BTL product range.
Two- and three-year fixed rates up to 80% loan-to-value (LTV) are down by 0.25%, while five-year fixes have been reduced by 0.20%.
Tracker rates have also seen a 0.05% decrease.
‘Refresh our buy to let ranges’
New deals include a two-year fixed rate at 4.39% for remortgages at 60% LTV, a three-year fix at 4.74% for purchases at 65% LTV and a five-year fix at 5.29% for remortgages up to 80% LTV.
Accord has also lowered the interest coverage ratio rate (ICRR) for background properties from 5.5% to 5.0%.
Gemma Hyland, the mortgage product manager for Accord, said: “We’re thrilled to introduce these changes, which refresh our buy to let ranges, passing on the benefit of these more favourable market conditions to all our borrowers and ensuring we provide the best value wherever we can.
“The ICRR changes on background properties are a positive step designed to support borrower affordability and help them to achieve their home or property ownership dreams.”
Molo BTL fixed-rate products
Meanwhile, Molo Finance has also announced reductions on its UK BTL fixed-rate products.
Two-year fixed rates now begin at 3.25%, and five-year fixed rates start at 4.85%.
Specialist product rates for multi-unit freehold blocks, houses of multiple occupation, new-build and investor-led properties start at 3.50% on two-year fixes and 5.10% on five-year fixes.
Martin Sims, Molo’s distribution director, said: “Brokers play a crucial role in helping landlords secure the right financing.
“By reducing our rates, we are giving intermediaries even stronger options to support their clients, whether they are growing their portfolios or securing their first investment property.” END |
Cos people cant put lives on hold indefinitly. Esp if paying 2grand a month in rent.Also if rates fall, your mortgage will follow after a couple of years. |
BOE
‘ Bank of England governor Andrew Bailey said the Bank will consider further rate cuts, but will take "a gradual and careful approach".’
So um why would you buy new build and take out a mortgage now when they are considering more rate cuts later? May as well wait ? |
Why would anyone buy a new build ‘freehold’ before this has been sorted out ?
“Trapped at the mercy of an unaccountable management company “
Clearly the word fleecehold introduced to confuse the general public into believing this issues are confined to leasehold
Imo |
Stamp duty change equates to £2500 hardly a big deal is it. |
I believed in you Bug. Oh well, I’ll write it off to experience.
Market is about to freeze up imv, as unlikely to complete before Stamp Duty increase, particularly for chains or anyone buying a freehold on leasehold completion |
Kreaps you panic to much, not many shares up today. |
Oh ffs ….116p Bug. Looking like that rate cut was only an emergency measure for a broken economic system ? |
Good to see another base rate cut helping our sales here to get completed and ease some affordability issues, I am not expecting another cut until the autumn now after the latest inflation busting pay rises and employers NICS rises have filtered in/out of their corresponding price/service rises..
See what we get.. :o) |
I'm in no rush. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
