Soldato
Which TBH is a good thing for the majority
What we could really do with is decades (like 2-3 minimum) of virtually unchanging house prices.
2-3 decades would likely see a roughly halving in effective real world cost.
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Which TBH is a good thing for the majority
What we could really do with is decades (like 2-3 minimum) of virtually unchanging house prices.
2-3 decades would likely see a roughly halving in effective real world cost.
Permabanned
Not good for investments though everything seems to be about growth and more, more, more.
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Soldato
Actually there is a place in investments for more secure holdings as well. Not all investments are about growth. They should be balanced.
Eg historically many pension funds would move towards low risk low return assets as you approached retirement
Caporegime
Seeing some of the houses for sale with current mortgage prices, an absolute joke.
Tiny houses for sale at £935 a month mortgages. Jesus Christ
Tiny houses for sale at £935 a month mortgages. Jesus Christ
Caporegime
As per BBC, rates on the rise.
Banks aren't in business to act as landlords and neither do they need to be.
More people than what many realise. The last 2 properties my friend bought were for £800k and £700k and rents them out to reliable professionals. He could have easily have bought many more cheaper properties in other parts of the country with that same £1.5M, and indeed many other cash rich landlords do.
Lloyds Bank aiming to become giant UK landlord
The banking giant has launched a new brand which will explore buying and renting out homes to tenants.
www.bbc.co.uk
But is that a significant factor when compared with profits from elsewhere? A bank's fundamental operation is to act as a bank as that's their core business.Lloyds Bank aiming to become giant UK landlord
The banking giant has launched a new brand which will explore buying and renting out homes to tenants.www.bbc.co.uk
Perhaps your team could analyse it?
We don't deal with property.
'In Q3 2020, 24% of homes in Great Britain were bought with cash, slightly down from 26% during the same period last year. And this comes even though more people own their home outright than ever before. According to the English Housing Survey, 54% of homeowners in England were mortgage-free in 2019, up from 46% in 2009.'
Percentages of cash buyers has been falling for years according to the same source.
Lucian Cook, head of residential research at Savills, said the proportion of cash buyers in the market might have been expected to fall in the past year, since home loan rates remained at historic lows and drove demand from mortgaged buyers. But the share of cash buyers remained unchanged at about 35 per cent of the market, and the average cash buyer bought a home valued at £368,600, compared with spending of £302,500 by the average mortgaged buyer. Cash buyers include people who sell one home to buy another, without taking out a mortgage, and those who buy without a prior sale, using cash.
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Thats the one, I only first seen it today.
If you go back and read from here you'll find the discussion at the time.
What insurance are you referring to?
suspicious account is suspicious