Comments for In The Know

Comment on If the bank of England raise the interest rate do house prices usually come down? by intelligentbutdizzy

intelligentbutdizzy — Sun, 31 Aug 2008 11:34:24 +0000

When house prices fell last time there were a number of reasons for it. Now mortgage lenders keep devising and offering new ways for people to get on the property ladder e.g. 50 year mortgages or a group of friends buying, then there is still a market for houses, and the prices won’t come down.

Comment on Should I get a personal loan to pay off my payday loans? by Mike E

Mike E — Sat, 30 Aug 2008 02:53:54 +0000

There is some useful advice here.

Comment on If the bank of England raise the interest rate do house prices usually come down? by glenn k

glenn k — Fri, 29 Aug 2008 23:50:05 +0000

There is no DIRECT correlation between the interest rate (cost of borrowing ) and house prices. House prices are affected by various factors which ultimately boil down to supply and demand. That said when the cost of borrowing increases people generally either have less disposable income (more is going to service existing debt) and or do not borrow as much. However mortgage provider will tinker with the earnings / borrowing ratio and develop new products to encourage custom.

In conclusion, an increase in the base rate may have an impact (slow down house price increase) but this is only one of many factors affecting prices - the closure of a local school for example could have a far greater impact in a specefic area.

So there you have it - clear as mud !!

Comment on Labour geniuses will cost you 10%+ of your house price? by Lorne

Lorne — Thu, 28 Aug 2008 13:50:13 +0000

They shouldn’t have stripped Housing from the Inflationary measure used by the Bank of England - if Brown hadn’t done this the Bank of England should have acted sooner to bring the property boom to the fabled soft landing - the one we are having now is consequently more severe than it would otherwise have been.

Comment on Should I get a personal loan to pay off my payday loans? by faithful_raj

faithful_raj — Wed, 27 Aug 2008 17:08:23 +0000

get again another cash advance to pay day

Comment on Labour geniuses will cost you 10%+ of your house price? by Wattie

Wattie — Tue, 26 Aug 2008 19:57:10 +0000

It doesn’t seem to be affecting Tony B lair, he’s just purchased his sixth house for four million quid.

Good to know labour still represent the average working man. A***holes!

Comment on If the bank of England raise the interest rate do house prices usually come down? by voodoobluesman

voodoobluesman — Tue, 26 Aug 2008 19:26:50 +0000

I don’t think it’ll stop things too much. It may slow the amount of increase, but remember most of the rapid increases werehappening when rates were actually higher than they are now!

Comment on I need a pay day loan but I am having difficulty applying by MICHAEL.M

MICHAEL.M — Tue, 26 Aug 2008 08:53:58 +0000

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Comment on I need a pay day loan but I am having difficulty applying by whyndam

whyndam — Mon, 25 Aug 2008 18:44:21 +0000

I don’t see why you’ve had so many problems.

Comment on Worried about negative equity? by RoyalGossip

RoyalGossip — Sun, 24 Aug 2008 22:59:02 +0000

Yikes!

However, not all real estate markets are the same. It’s all a ten year cycle. Or so I hear! If you’ll be there for awhile, it should re-bound.

Can you get a loan with no pre-pay so that you can refinance whenever you want to?