Mortgage lending falls two thirds to record low

[blacjac]

I don't expect houses to rise dramatically at all after having had rises of over 100% in recent years. Steady growth will do me and that will restart around 2010 due to low interest rates and better management of the economy by a new government.
I am currently paying a quarter(and falling) of what I was paying on a mortgage a year ago. A scenario of low interest rates which will kick-in in approx 6 months time as people drop off high fixed rate mortgages will stimulate people to buy rather than pay high rents. Remember, you heard it here first!!

Any good contractor would be keeping their payments the same and paying off the capital quicker saving them even more money in the long run.

[Cyberman]

Any good contractor would be keeping their payments the same and paying off the capital quicker saving them even more money in the long run.

Many good contractors will not be working and so this assertion is slightly optimistic !!!

[blacjac]

good ones will....

[Doggy Styles]

I don't expect houses to rise dramatically at all after having had rises of over 100% in recent years. Steady growth will do me and that will restart around 2010 due to low interest rates and better management of the economy by a new government.
I am currently paying a quarter(and falling) of what I was paying on a mortgage a year ago. A scenario of low interest rates which will kick-in in approx 6 months time as people drop off high fixed rate mortgages will stimulate people to buy rather than pay high rents. Remember, you heard it here first!!

The last recession killed house prices for five years. This time there is the added effect of extra debt, and a truly crumbling economy.

What makes you think people will be falling over themselves to borrow more within the next five years?

[Cyberman]

The last recession killed house prices for five years. This time there is the added effect of extra debt, and a truly crumbling economy.

What makes you think people will be falling over themselves to borrow more within the next five years?

People will always borrow to buy houses, especially if we have seen the 'crash' that people are so keen to predict. Five years is a long time in economic terms and that would probably mean that we have had a Tory government for 4 years. We will be back to a growing economy by then with all the positive benefits such as more jobs, lower taxes and fewer non-jobs. The feel-good factor will be back and people will be 5 years older, especially our youngsters that will then be looking to buy property for the first time. Everything goes in cycles.

[threaded]

good ones will....

Ah the naiveté of the young. You think being 'good' or 'bad' has any bearing whatsoever on how much work you get, or the rate you receive, then you should maybe go back to permie land. You'll ride the storm better when the coming cold wind blows through this industry.

[AtW]

You'll ride the storm better when the coming cold wind blows through this industry.

hurricane

away

[Cyberman]

Ah the naiveté of the young. You think being 'good' or 'bad' has any bearing whatsoever on how much work you get, or the rate you receive, then you should maybe go back to permie land. You'll ride the storm better when the coming cold wind blows through this industry.

WHS !!!!!!!!!!!!!!

[blacjac]

I've been called a lot of things, but I haven't been called young or inexperienced for over 40 years!

Thanks all round.