estate agent/solicitor we use has paid off most of there staff

Think I heard that only 36,000 people were accepted for mortgages last month.
Shocking really when you consider the amount of people within the UK. Estate Agents must be fucked a the minute?

Yep mortgage refusals are up 70% on the previous year. Apparently its going to remain so until 2011 - something I read said anyway! :look:

the reason so little is moving just now is down to the banks not approving mortgages.

Heard a few cases where they wont lend to reputabke companies with more than enough colateral. Want missives etc signed before lending money


banks are being very short sighted and stupid IMHO

things will have to start moving again soon or the country will go into melt down

quote:

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Originally posted by LiVe LeE
There hass supposedly been a 6% drop in prices, yet houses round my way are 10/12% higher than when I bought my house 13months ago. The house two doors up has just sold 18months after it was bought, it hasn't been renovated or anything and it sold at 12.9% higher than 18 months ago.

[Edited on 31-07-2008 by LiVe LeE]

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They'll go down... keep watching

Latest Nationwide report came out today, they make good reading.

http://news.bbc.co.uk/1/hi/business/7534052.stm

[Edited on 31-07-2008 by VegasPhil]

There hass supposedly been a 6% drop in prices, yet houses round my way are 10/12% higher than when I bought my house 13months ago. The house two doors up has just sold 18months after it was bought, it hasn't been renovated or anything and it sold at 12.9% higher than 18 months ago.

[Edited on 31-07-2008 by LiVe LeE]

Will be looking to buy come May onwards 2009. Will house prices still be around what they are now, as surely they cant fall by much more? Also are these incentive schemes going to carry on like deposits paid, huge discounts on new properties etc?