Me 'ouse is me pension

[Whorty]

UK mortgage approvals slump as Covid-19 hits housing market - business live | Business | The Guardian

What surprises me is that there were that many mortgages agreed, given the lockdown and viewings have only been virtual.

[scooterscot]

Just wait until the 'renter' crunch comes as tenants out of work can no longer pay the rent. A plethora of landlords will go belly up.

December / January - a housing crash is coming. A beautiful crash. Best crash ever.

[DimPrawn]

Compare and contrast Trump land

Pending Home Sales Notch Record-Setting 44.3% Monthly Increase in May | www.nar.realtor

I wish we had a great leader like this.

[PCTNN]

Are you using a contractor specialist broker?

No. Same broker I used for my first property when I was permie.

I just had the initial 30 minutes call where some financial details were shared; the broker gave me a few names of lenders that historically are more "willing" to lend to contractors and that's about it.

He said the situation should be pretty safe because:
- it would be a joint mortgage (and my partner is in permanent employment)
- we're looking to borrow way less than we could afford to
- we've got a 15-20% deposit
- I'll have rental income from my current property

[AtW]

They have not asked for your account on CUK?

[PCTNN]

Just wait until the 'renter' crunch comes as tenants out of work can no longer pay the rent. A plethora of landlords will go belly up.

December / January - a housing crash is coming. A beautiful crash. Best crash ever.

It's either I buy something soon or I slash my neighbours' throats.

[Old Greg]

It's either I buy something soon or I slash my neighbours' throats.

Why must it be an either /or.

[courtg9000]

Just wait until the 'renter' crunch comes as tenants out of work can no longer pay the rent. A plethora of landlords will go belly up.

December / January - a housing crash is coming. A beautiful crash. Best crash ever.

Renter crunch already happening.
Portfolios of rental properties starting to come on line. More about september time. One of my advertisers has just put 80 flats in the east midlands on the market.

[DealorNoDeal]

It's either I buy something soon or I slash my neighbours' throats.

Been there. The worst part is you daren't get into an actual dispute with them because you have to declare that when you sell.

Why not rent a place pro tem?

[WTFH]

I'm looking to buy a house pretty soon; I have done a virtual viewing already. My mortgage broker said there shouldn't be any issue as I'd have a deposit in the 15-20% region. Having said that, I don't even have an agreement in principle yet so everything is still in doubt. I'll let you know if banks give mortgages to contractors in these challenging times...

Where are you looking to buy?