The Mortgages will have been approved before the recent rate rises. Let's wait for the figures for July and August. I predict a downward trend, and you can quote me.
PS Hello Dim
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It might be raining, but house prices are booming
http://news.bbc.co.uk/1/hi/business/6908487.stm
The average house in London now costs more than £300,000, says the Halifax.
The UK's biggest mortgage lender says the average London house price rose by 4.9% in the three months to June, to £313,122.
It says this means the capital's average house price is now above the threshold for inheritance tax, currently at £300,000.
House prices are rising fastest in Northern Ireland, up 8.5% in the same three months and 47% in the past year.
Halifax economist Tim Crawford said that as well as London breaching the inheritance tax threshold, the recent rises had pushed average prices for the South East above the £250,000 watermark for 3% stamp duty.
It's all boom, boom, boom. Time for bagpus to get into BTL me thinks.
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