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Corsa Sport » Message Board » Off Day » House Day » Anyone buying a house at the moment? » Post Reply
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stubbsy05 |
posted on 22nd Apr 08 at 08:02 |
quote: They came back and said no. I havent bothered offering again now as the rate has gone up from 5.39% to 6.54% so thats been blown out of the water | |
Bart |
posted on 21st Apr 08 at 22:28 |
quote: I wouldnt bank on it... | |
MikeE |
posted on 16th Apr 08 at 20:59 |
i'm buying a newbuild off plan got the mortgage approved in feb at fixed rate for 2years, me and my girlfriend have been worrying as we found out the house wont be ready till december which was sposed to be september so the mortagge offer would have run out but but we rang them and they have told us we can extend it untill january a month before it runs out. | |
stubbsy05 |
posted on 16th Apr 08 at 13:01 |
quote: No its not. I regularly buy and sell and try and make things as smooth as possible for everyone involved. Now in this case if the vendor hadn't taken over a month to accept, they'd have had a sale STC. However due to the mortgage product being reduced from 85% ltv to 80% LTV, I cannot proceed at that price and have to be senible in covering myself when the press are ranting on about possible market drops of 30%. Negative equity is not something I want to be faced with. | |
Phil321 |
posted on 16th Apr 08 at 12:56 |
quote: Its this kind of crap that makes buying/selling houses such a ballache. | |
John |
posted on 16th Apr 08 at 12:53 |
I can't wait till I get to sell a house, people that pull tricks like that will be told where to shove the new offer. | |
stubbsy05 |
posted on 16th Apr 08 at 12:50 |
I had an offer accepeted on a place. | |
Kathryn W |
posted on 16th Apr 08 at 12:22 |
Me and Gaz are currently in talks with mortgage's | |
BYRON |
posted on 16th Apr 08 at 08:49 |
Im buying at the minute and it was a pain in the arse tbh. Even up until yesterday, one party in the chain still didnt have a mortgage promise. | |
Phil321 |
posted on 16th Apr 08 at 08:34 |
Most lenders now requiring low LTV before they'll offer a decent rate. | |
Cosmo |
posted on 15th Apr 08 at 21:56 |
quote: Not exactly solely...but certainly played a huge part in it once the initial news came out about its trouble. | |
John |
posted on 15th Apr 08 at 21:55 |
Same as the whole Northern Rock thing, caused solely by the media and gullible public. | |
Ian |
posted on 15th Apr 08 at 21:52 |
Rates are not changing every day, things are happening every day as many lenders are withdrawing deals or changing deals for the worse on account of the scaremongering claptrap that the media are kicking up. | |
Colin |
posted on 15th Apr 08 at 21:31 |
I'll be looking to move this time next year, prices are still going up as ever in Scotland. | |
Cosmo |
posted on 15th Apr 08 at 21:10 |
I was looking to move out of my apartment and into a house, which even though i'd have a fairly decent deposit to put down would still mean a stupid mortgage rate. Especially when moving isnt essential at the moment. | |
John |
posted on 15th Apr 08 at 21:09 |
Scotland's housing market is apparently fine as i've been saying for a while, nothing will be changing here apart from the banks possibly not lending to the very high risk people as per nationwide. | |
Matt H |
posted on 15th Apr 08 at 21:05 |
Just wondered how much bother your having with mortgages etc. According to the news the rates change every day which sounds exagerated! |