British Bounce Back Boom

[ace00]

Lots of Bs there. Anyway - I noticed you can get a tracker again at boe base + 1.6 (3.6% & falling). Also noticed some nice little places on offer at auction - even an affordable maisonette in Islington!
Now I've been bearish on UK PLC for some time - but could it be that the property market stabililsation is falling into place much earlier than (I) expected?

[AtW]

I noticed you can get a tracker again at boe base + 1.6 (3.6% & falling).

Can you get 125% morgage? What's the deposits like? Do they lend more than 3-4 salary?

It's those things that made the bubble possible - the rates could be low but if nobody will lend you more than 75-80% of house price value (rest if your deposit) and 3-4 times salary, then it would require house prices to drop 50% from peak in order for people to be able to get morgages, nevermind rates that may go up big time due to inflation soon.

[Ardesco]

If I can switch to a long term fixed rate that is fixed under 5% I'll be a happy chappie Low variable is nice, but it will go up at some point, and I'm guessing these really low rates won't be around this time next year.

[tim123]

Lots of Bs there. Anyway - I noticed you can get a tracker again at boe base + 1.6 (3.6% & falling). Also noticed some nice little places on offer at auction - even an affordable maisonette in Islington!
?

I've yet to see any nice little places in an auction.

Properties make it into auctions for a reason, IME


tim