Originally posted by ~Craig~
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Mortgage approvals strong in July
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Originally posted by BlasterBates View PostNote the word "July" this is significant.
The key date is 10th August.
That is the date when a major US bank announced bankruptcy, and banking stocks plunged about 10-15% and the Federal reserve, the bank of Japan and ECB pullled the emergency cord.
Of course this may have no effect on the UK housing market, because the UK is different.Comment
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Originally posted by wendigo100 View PostNo. There's millions of poor saps borrowing >£150K.Comment
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Originally posted by oracleslave View Post+- £285 000 to goComment
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Originally posted by ~Craig~ View Postdo people think that a >£200k mortgage is way above the norm?Comment
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Originally posted by wendigo100 View PostDoes that mean you're into the man for 435 big ones? (as they say in Noo Yoik)Comment
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Originally posted by oracleslave View PostAlmostHard Brexit now!
#prayfornodealComment
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Originally posted by chicane View PostIf you expect to be able to pay it off in less than 10 years from now, it's not a big deal. Anyway, these days you have to spend around that amount anyway to have a chance of escaping the scrotes.Comment
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Originally posted by oracleslave View PostAlmost
Or is it BTL and all that malarky?Comment
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Originally posted by ~Craig~ View Postdo people think that a >£200k mortgage is way above the norm?
I'm looking to move from my first place to a 3 bed house and it's quite a sizeable jump.
Houses ain't going to rise from now on and I think you may see a sizeable drop in house prices.
A lot of house owners will be moving onto more expensive mortgages over the next few months, coupled with the tightening of credit, this will probably put pressure on house prices.I'm alright JackComment
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