Parliamentary Information on Internet: When the FLS ends, (which it will soon) unless its triggered some kind of mega recovery in house buying it will be back to usual on the rate front.
Potentially dangerous if the low rates persuade first time buyers to dip their toes in the market and inevitably leading to a yet longer depression in the house market.
The only true way forwards is a real correction in house prices which by my calculations hasn't really happened yet, another 5 yo 7 years of stagnation will see to that in real terms, or a further 20% drop in nominal prices. In the meantime these gimmicks do nothing but generate headlines.
Parliamentary Information on Internet: Remember, remember, unless your in the M25 belt, the chances of your home not being in negative equity in the next 3-5 years is SLIM.
parliamentary information office for Parliamentary updates.
Potentially dangerous if the low rates persuade first time buyers to dip their toes in the market and inevitably leading to a yet longer depression in the house market.
The only true way forwards is a real correction in house prices which by my calculations hasn't really happened yet, another 5 yo 7 years of stagnation will see to that in real terms, or a further 20% drop in nominal prices. In the meantime these gimmicks do nothing but generate headlines.
Parliamentary Information on Internet: Remember, remember, unless your in the M25 belt, the chances of your home not being in negative equity in the next 3-5 years is SLIM.
parliamentary information office for Parliamentary updates.
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