Q:Apolgies for the length of this post, but I hope some will find it useful.
We all know mortgages of 3.5 x income is a rather old fashioned rule, clearly much higher multiples are achievable. But it is not always clear how much you can really afford, so I’d like to pass on a trick of the trade given to me by an estate agent friend. It’s about visualizing debt, rather than looking at a spreadsheet or doing any basic maths at all really.
Take house price –
Q:If we're looking to upgrade, and have found a house, where the seller is actually interested in downgrading (live abroad but want a small base in the UK) what are the implications, pros and cons to this?
Could we, for example, drop both houses by ￡100k say so that the house we're looking at falls into a lower stamp duty bracket? But then Mortgage is sometimes taken out against a deposit versus house price value (does this equate to house price paid?).
Chain's
Q:I'm hoping to start renting son and was wondering if the dips in house prices etc would affect rental prices?
I'm not really going to hold out to wait for prices to fall, if they actually will but it would be good to know if I can expect any price drops by the time it comes to rent.
I'm not sure what factors affect rental prices, except for demand.
Any insight is appreciated!
Q:Sorry, but I can't get my head around the economics of this & wondered if you helpful folk could offer opinions?
We are very good, long standing, long term tenants, but I'm pregnant & need to move somewhere bigger. Our landlord doesn't want to see us go, and we're happy where we are. As we have a few years before we NEED to move, we were wondering how this house price fall may effect the rental market?
Does the fall in prices mean more houses may
Q:Why is that house price inflation is consider a good thing (+) and general inflation is bad (-) ?:confused:
I know this is a very basic question but I am not very smart when it comes to our economy and that is what I read in the papers in the last month and this is my impression.
I don't ever remember an industry going to the wall and the gov falling over itself to save it, 20 years ago we fought to keep some good industries open but the gov did nothing like they do today, or is
Q:I've been looking into buying a new build house just recently at a Stamford Homes development near Peterborough .About a month ago I was told that I was fortunate that the type of house I wanted was available as someone who had reserved a house had pulled out and so there was one available, as it stands today there are several available as more people have pulled out and they are 10K cheaper now than last month. This is on phase one of the development which is nearly complete, Phase two st
Q:I've looked on upmystreet for a price of a house. I want to know how much the original owner paid for it, but the figures are conflicting. Anyone know any other websites that allow you to check how much they sold for?
Q:hi all
when the price says "offers over" is that set in stone .
seen a nice house on market for approx 240 k , the curent owners paid "40k 2 years ago , if i like it when i view ,what would be a fair offer
cheers :
Q:Declines in US house prices are continuing to accelerate, according to surveys that signal there will be no quick end to the credit crisis.
http://www.independent.co.uk/news/business/news/house-price-slump-in-us-dashes-hope-of-end-to-credit-crisis-800674.html
Considering house prices are even more inflated over here I don't think it will be back to 'normal' anytime soon. Quite the opposite.
Q:Hi I am sure that in the past I found a website which gave you the previous prices when your house was sold going back a fair few years aswell. Can anyone give me a heads up where i found it :rolleyes:
Many thanks in advance for any help that you can give me