Caporegime
I signed a 5 year fix 17 days ago. Y'all need to start a GoFundMe for me, as I triggered this cliff edge
My 5.5% heart or whatever we have been paying for the past year and a half bleeds for you!
I signed a 5 year fix 17 days ago. Y'all need to start a GoFundMe for me, as I triggered this cliff edge
Was the one Alex? Lol
Thought it would be closer than that after the USA.
The US are playing catchup as they were late to raise rates..Thought it would be closer than that after the USA.
I'm not sure if it's the same for all, but with Halifax you can search "Halifax for intermediaries" and you'll find a website designed for brokers with this information available much more easily. Easily as in one PDF! It's part of Lloyds Banking Group so likely those that are part of it are going to be similar, and I imagine most other big lenders will have the same sort of broker platforms.Think I'll be going 2 years seems to be about 3.8% available, I hate how do many require you to input loads of details before showing the numbers. Just show me the rates.
Excellent, that's perfect.I'm not sure if it's the same for all, but with Halifax you can search "Halifax for intermediaries" and you'll find a website designed for brokers with this information available much more easily. Easily as in one PDF! It's part of Lloyds Banking Group so likely those that are part of it are going to be similar, and I imagine most other big lenders will have the same sort of broker platforms.
No improvement to the housing market that I had hoped for. It’s literally ground to a halt. Nothing is selling (mine is on the market and it may as well not be) and nothing is coming on either. It’s painful if you are looking to move.
We've sold ours and going into a rental for a bit.No improvement to the housing market that I had hoped for. It’s literally ground to a halt. Nothing is selling (mine is on the market and it may as well not be) and nothing is coming on either. It’s painful if you are looking to move.
Not sure why?Thought it would be closer than that after the USA.
Interest on our equity will cover 80% of our AirBnb so happy to sit and wait until the right house comes along.
I think Labour will have to do something next year to get the market moving again, one can live and dream.
Mines been 6.7% for the last year! Here's a tissue filled with snot for your 5.5%My 5.5% heart or whatever we have been paying for the past year and a half bleeds for you!
- Pay a deposit upon agreeing to buy once certain things have happened and you lose that if you pull out after
- Everything should be done online and available online. Solicitors shouldn't really have to be involved
- Stamp duty should be abolished to make the market move more easily - its a stupid cost that you have to pay for the pleasure of a stressful house move. If downsizing its just a double kick in the nuts. Our next house will cost around £40k in stamp duty. Why? It just means people don't move when they want to or should.
- The survey should always be of a certain grade and should be paid by the selling party and is then attached to the property. Multiple buyers paying for multiple surveys is idiotic.
Interesting list, some of what you put has been tried or at least proposed then pulled.
Its normal to pay a deposit in the UK. What often happens is that its kept at the same amount the first buyer in the chain has paid and is passed up the chain. The key point is when contracts are exchanged, and at that point you can sue anyway for breach of contract.
How would you know what was ok and what was an issue if you excluded solicitors. Would be rife for fraud. No planning on an extension, that sort of thing.
Stamp duty IMO should be a lifetime individual tax charged only on the difference, ie incrementally as you buy larger houses. If you downsize then assuming its tax payable is cheaper than what you have racked up so far then you have nothing to pay.
Vendor surveys were proposed as part of a sellers pack and just about everyone said they would not trust them. I mean honestly would you buy a house for £1M and rely that they survey had been true and honest?