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  1. Uncle Spielberg

    [Finance] Housing Market

    The under 1%, 5 year fixed rates lasted about 2 weeks, now over 1.50%. As commented on by others the low prices of mortgages is a factor for the over heated market
  2. Uncle Spielberg

    [Finance] Housing Market

    Interest rates have gone up to 0.50%, the second rise in 3 months
  3. Uncle Spielberg

    [Finance] Housing Market

    A couple of lenders can do 5.5 x joint incomes with a 25% deposit and a few will lend to age 75 if office type job, pm me if you want any figures and advice as this is generic
  4. Uncle Spielberg

    [Finance] Housing Market

    Desperate lack of property. Covid has changed what people want but I think things will calm down now, also the stamp duty holiday which was not needed really artificially inflated the market
  5. Uncle Spielberg

    [Finance] Housing Market

    Good call from the people who voted prices will increase. They have gone up 20% in the last 2 years
  6. Uncle Spielberg

    [Finance] Housing Market

    Yes my friend, things are going to be very rocky for a while especially with lenders giving payment holidays for 3 months meaning far less money is coming in short term. Every mortgage is a battle atm but soon will be just re mortgages and product transfers with subsequent large drop in income
  7. Uncle Spielberg

    [Finance] Housing Market

    Tracker and variable, not to fixed rates as yet
  8. Uncle Spielberg

    [Finance] Housing Market

    The housing market is in lockdown with very few new instructions or sales. It is as grim as it can get. Obviously my income will fall off a cliff

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