Home buying...

Noah

Noah

Well-Known Forumite
This website provides an app for Chrome & Firefox which turns "estate agent speak" into something more "truthful". It works with rightmove, zoopla, prime location, gumtree, foxtons & openrent and can be tried with other agents sites. As an example "modernised to high standards" becomes something like "done on the cheap to a bare minimum." All just for fun of course.

http://www.shitemove.angryflatcap.com
 
Tilly

Tilly

Well-Known Forumite
tek-monkey said:
As long as interest rates don't rise massively does it really affect most people?
Click to expand...

The greater point he was making was that interest rates will or likely will rise significantly and therefore hit property prices

35% does seem extreme

And most forcasts are just that

But still

Estate agents must be delighted, particularly any that voted you know what
 
Cue

Cue

Well-Known Forumite
tek-monkey said:
As long as interest rates don't rise massively does it really affect most people?
Click to expand...

Yes, because it will make remortgaging very difficult if you're in negative equity. You're not meant to stay on the same deal after your fixed period because the rates are awful, while you can change deal without a revaluation it's entirely possible that banks could enforce a revaluation in a housing market crash.
 
The Hawk

The Hawk

Well-Known Forumite
tek-monkey said:
Hmm. I have 4 years left on my fixed rate, wishing I'd got a 10 now!
Click to expand...
I had a full term 25 year base rate tracker, which was fine until the base rate dropped to 0.5% and stuck there. The bank didn't like it, so they just tore up the agreement. And guess in whose favour the Ombudsman ruled.

Fortunately, I was in a position to pay off the remainder of my mortgage and get out. Many others were less fortunate.
 
B

bunique

Well-Known Forumite
Sir BoD said:
Same here dude. And I thought I was playing it 'cautiously' by taking out a 5 year fixed last year!
Click to expand...
Exactly the same. Wish I’d gone for 7 which was the longest we were offered but took advice from my dad the finance brain!
 
You must log in or register to reply here.
Top