Mick Mac

Feed the monkey. You can't say that Roy.

Thanks. Good summary :)

Loz Wrote: ------------------------------------------------------- > Just remember, you are snuggling up to something > that can lick it's own bum. And does. LOL (really.. :) )

Voyageur Wrote: ------------------------------------------------------- > I snuggle up to my cats big time and allow them to > snuggle up to me. One of life's great pleasures! Eh - Yuch...

LondonMix Wrote: ------------------------------------------------------- > Libor is the interbank lending rate which changes > daily. The Libor swap rate makes a forward > assumption about what the Libor rate will be on > average over a given period and locks it in > through a financial instrument-- usually > commercial mortgages are swapped (or fixed) so > borrowers have certainty over the interest they'll > be charged. Thanks LM. And do the current long term 30 year swap rates at 3.5% max tell us anything about waht banks think about future rate movements on the long term or not?

Well you have done what we did JoE and I'm sure you won't regret choosing Hither Green. We made some good friends there. Its better IMO to choose what you can afford rather than streching yourself to be in your ideal area initially. Once there is some capital growth in the property you can use that to move on, if thats what you want.

Loz Wrote: ------------------------------------------------------- > > These days, banks are wary of anything over 80%. And that definitley a change for the better and should help harness price rises and repossessions/negative equity. Whilst it may be frustrating for a buyer having to have a 20% deposit, as the banking policy is being applied across the market it shoudl help provide restraint.

Someone can explain to me the link between swap rates/libor and lenders' profits but based upon these long term swap rates, am i right in saying that interest rates are not expected to rise significantly in the medium to long term, or at least that the banks don't expect them to do so? anyone? http://www.swap-rates.com/UKSwap_extended.html Anyway standard variables, before interest rates fell, were 0.75% above base (having fallen from 1.75 above base being standard a decade ago) SVRs are now more than 1.75% above base in many cases to ensure the banks make a profit on current lending, but I'm not sure the current lending rates are as "low" as some people are suggesting, as compared to 5-10 years ago. There were always good offers available then, being well below the base rate at the time.

There is no doubt it will end somewhere. But when and in what manner is difficult to predict. The last genuine property crash in the early 90s saw a combination of recession and ERM related interest rates boom. Thats not going to happen again. If we continue to come out of recession I can't see a crash for a fair few years. In fact its some peoples increased optimism that is adding to the property boom currently, not many would buy at current prices if they weren't optimistic about their future earnings potential being higher than it is currently. As regards a lot currently being made of interest rate rises and the implied crash that will result..... the BOEngland is all too aware of the current position and housing will be a major factor in interest rate decisions and their focus on balancing both the interest of the economy and bringing house prices to a soft landing, hopefully.

StraferJack Wrote: ------------------------------------------------------- > "Its a business. " > > no, no it isn't From a tax perspective its categorised as an investment, with specific tax treatment on income, being a different treatment from that of a trade.

This (667sq ft) seems to have gone under offer at 450k before even having time to be advertised on Rightmove. http://www.rightmove.co.uk/property-for-sale/property-43632392.html

StraferJack Wrote: ------------------------------------------------------- > "It happended to be Hither Green near Lewisham, a > considerable step down in terms of buzz and > excitement but there you go, it was a 2 up 2 down > and it was our first home." > > It's a well worn path Mick but as others have > pointed out, moving up the ladders has become less > do-able in the last couple of years > > I suspect most of the people saying "it is what it > is, not really a problem " are well ensconsed in > current homes and won't realise how things have > changed unless they try and move Although I wasn't talking about moving up the ladder was I. I do think first time buyers expecting to be be able to buy in the area they rented in is not always realistic.

There is no chance at buying a house in ED at Zoopla's valuation, its a waste of time. Not directly referring to the OP (Grotty) as don't know the age or whether he has owned before - but as for young people bemoaning the ability to buy their first property in ED - I rented in Clapham before I bought my first place and I knew I could not afford to buy there, so I just bit the bullet and bought where i could afford to. It happended to be Hither Green near Lewisham, a considerable step down in terms of buzz and excitement but there you go, it was a 2 up 2 down and it was our first home.

Well done England. Glad someone could qualify. Beers next summer.

Lampard and Gerrard. Hmmmm. Not really tightening up midfield. A very attacking move.

That was all looking far too sensible until the punchline.

Colin Bell

Understood.

Bring on Shilton.

effected or affected. You grammar used to be so good when you were 7/7.

Yawn. Not for the first time.

Oh Bob. You dont like football, this is sad news indeed.

Yes he is and Baines is too.

maxxi Wrote: ------------------------------------------------------- > Mick Mac Wrote: > -------------------------------------------------- > ----- > > So EP - do you think that implying that Germans > > are more efficient than those of other nations > is > > racist ? > > How would He know, he's probably mid-siesta. Well he will fit right in in Ireland then. They are a bunch of lazy twats.

I have always liked Chiles and he's a good laugh.Motd 2 was his appropriate spot I thought he was right for a relaxed Sunday evening viewing and was disappointed when the been lost him.