Mortgage, property, rental TAX advice

Psycho Sonny said:
It means the flood gates will open to Asian immigration. So more crazy rich asians moving to London. I expect house prices in London to keep on rising due to a tendency of money to flow there naturally.

If most people are saying they will drop it's likely they won't.

Same with interest rates. Everyone said they would go up 3 years ago. They went down then went to where they were before. So it never happened.
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London prices have been falling for around a year now
https://s3-eu-west-1.amazonaws.com/...08/Quarterly-London-housing-market-report.pdf

Interest rates are higher, the BOE has a target that is higher so sooner or later, economy dependent they will go up. Technically they are higher than 3 years ago, but only marginally.
After a post Brexit dip, they went up, twice
https://www.propertyinvestmentproject.co.uk/property-statistics/uk-interest-rate-history-graph/
 
Mercenary Keyboard Warrior said:
London prices have been falling for around a year now
https://s3-eu-west-1.amazonaws.com/...08/Quarterly-London-housing-market-report.pdf

Interest rates are higher, the BOE has a target that is higher so sooner or later, economy dependent they will go up. Technically they are higher than 3 years ago, but only marginally.
After a post Brexit dip, they went up, twice
https://www.propertyinvestmentproject.co.uk/property-statistics/uk-interest-rate-history-graph/
Click to expand...

Well 3 years ago fixes for 5 year were 2.84%. Now they are 1.99% or 1.69% and that is with a slight rise. So still lower than what they were 3 years ago. I know because I fixed at 2.84%.
 
Psycho Sonny said:
Well 3 years ago fixes for 5 year were 2.84%. Now they are 1.99% or 1.69% and that is with a slight rise. So still lower than what they were 3 years ago. I know because I fixed at 2.84%.
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The mortgage market has been overly desperate to lend, loads of very cheap money sloshing about.

Its just not factually correct to say interest rates are the same as 3 years ago, because they aren't. You said they were the same, the BOE base rate isnt, and the highstreet lending rate isnt, I am not sure which rate you want to use ;)

The very cheap lending is why companies are starting to exit the market. The supermarket chains were happy to move in when margins could be made, its virtually giving it away now as the margins are practically zero.
Its situationally dependent, the borrowing rates have been going up and down for sometime. They will go up sooner or later

The BOEs official position is that interest rates may go up or down post Brexit. Which is a bit LOL when you think about it.
 
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