Mortgages in this crunchy environment

[oracleslave]

do people think there is going to be a drop in house prices over the next couple of years?

Nah mass immigration will increase demand for rental property so buy as many flats as possible now.

[tay]

do people think there is going to be a drop in house prices over the next couple of years?

I'm thinking of moving up from flat to house and am considering selling my place as soon as possible and then moving into rented house for a year or so and see what the market does.

At least this way I could release any growth in my current place.

Wrong forum, we never discuss house prices around here. Although I am sure if we did, we would all reach a happy consensus in no time.

[Tensai]

Supplementary question - what sort of multiples did you apply for/get? Are the days of 5 x income behind us?

Not that I'd be dumb enough to get anything that big....

[DimPrawn]

Now is a good time to borrow £1,000,000

Next year interest rates will be zero and £1,000,000 will be worthless.

[Bumfluff]

Has anyone managed to get a mortgage (not celf cert) with 2 years accounts but NO current contract ? My current gig finishes end of April and mortgage product finishes mid June, Im looking to move to different mortgage provider so need to apply around April, Im pretty sure I wont be getting renewed and to be honest want a month off so wont have a contract.

First Direct are doing an offset deal fixed 4.75% looks good

[Peter Loew]

Yes - I've just got a mortgage agreed with Halifax on Thursday. 0.19% above base rate.

That's a bloody good rate. I got mine agreed with Intelligent Finance for 0.44% above base rate.

Did you get a normal 'contractor' mortgage?

[Bear]

That's a bloody good rate. I got mine agreed with Intelligent Finance for 0.44% above base rate.

Did you get a normal 'contractor' mortgage?

Yup - They changed their rates on Friday COB so had to get in quick

[Ardesco]

Has anyone managed to get a mortgage (not celf cert) with 2 years accounts but NO current contract ? My current gig finishes end of April and mortgage product finishes mid June, Im looking to move to different mortgage provider so need to apply around April, Im pretty sure I wont be getting renewed and to be honest want a month off so wont have a contract.

First Direct are doing an offset deal fixed 4.75% looks good

Ah looking good I shall have to remember to check first direct, our mortgage tie in period is coming to an end soon. The 4.99% for 5 years doesn't look bad either.

[51st State]

That's a bloody good rate. I got mine agreed with Intelligent Finance for 0.44% above base rate.

Did you get a normal 'contractor' mortgage?

I've got my FA looking at mortgages for me at the moment, so the thread is of interest. What sort of "deal" re. salary/dividends and the general contractor gig did they give?

I'm pretty new to the contract game and the missus is nagging - er suggesting - that we should spend on a bigger pad, wouldn't ya know!

Cheers

[Peter Loew]

Yup - They changed their rates on Friday COB so had to get in quick

COB? yeah just checked now, they're all 0.6X% above BoE. Terrible.