stupidity and greed on a large scale [observer guardian] [quot]

Q:This is not intended as another BTL bashing / supporting thread, so please resist.

Just take a look at this.

http://observer.guardian.co.uk/cash/story/0,,2109762,00.html

Do you not think all this &;beat the HIP deadline&; stuff is a bit ridiculous?

After all, we're talking about a cost of around £400


A:And sellers who then buy will save time and money on their new purchase.

Particularly if moving to a bigger house, because home inpectors / DEAs will probably be charging by area.

(edited to say by area , I mean size of property)


A:We move so we can buy another renovation to make more money, HIPs is just another way I can show how good my renovated propertys are.

A:Hips is just being used as an excuse. The market is feeling the strain. Perhaps people have decided its just not worth it anymore. The recent articles about 100 year mortgages and other nonsense speaks for itself.

Another rate rise next month is a good bet and 6% by the end of the year.


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