Property.

[Laura]

Bottom post of the previous page:

A comment:- "I watched this while punching myself in the gonads because it was less painful and distracting.


if they’re offering you 10.5% they don’t want your business you mug.


to add the financial illiteracy of the general population and even the experts is mind blowing. I wonder how these people tie their shoelaces."

[Laura]

Yorkshire Building Society. Today's date.
https://www.ybs.co.uk/mortgages

New to YBS? Sorry, we don't have any mortgage products for you at the moment, please keep checking back.

Mortgage appointment already booked? Your appointment can go ahead.

Existing customer? If you're looking to switch your mortgage deal, we do have products available, take a look Switching Mortgage Deal.

[Laura]

Two comments on rates. Obvious to us. I liked the phrasing.:-

I spoke to a mortgage advisor yesterday morning who said most of the people at his large company have never known a time when they were high. Its like some historical thing they feel they can safely ignore. Like small pox or the plague.

There is a whole raft of younger executive/CEO types that you see on Bloomberg etc. who have never known anything but super accommodative economic conditions, you can now see the confidence slipping and a lot of stuttering and mumbling as their world view collapses, very entertaining.

[Laura]

For those of us with b'all else to do, a mumsnet thread from 2018 has been 'revived'.
Gems aplenty.
I suggest starting on page 5
https://www.mumsnet.com/talk/property/3 ... ash?page=5

[Laura]

Only one word needed altering, and by only one letter.
Plus one word deleted.

The party's over
It's time to call it a day
They've burst your pretty balloon
And taken the moon away
It's time to wind up the masquerade
Just make your mind up the piper must be paid

The party's over
The candles flicker and dim
You danced and dreamed through the night

It seemed to be right just being dim
Now you must wake up, all dreams must end
Take off your makeup, the party's over
It's all over, my friend

[Laura]

Blood pressure inducer alert
BBC on pwoperty in Scotland
I refuse to headline or quote.
Probably best deleted after reading. You are the boss.
https://www.bbc.com/news/uk-scotland-63320045

[Laura]

https://www.property118.com/landlord-re ... -a-record/

Landlord repossessions rocket to a record

Landlord repossession claims have reached a record level with increases being seen in all regions of England and Wales, the Ministry of Justice (MoJ) reveals.

The MoJ says that landlord possession actions have increased significantly in the three months to the end of September.

When compared to the same quarter last year, landlord possession claims rose from 10,202 to 21,012 – that’s an increase of 106% – and orders grew from 5,601 to 15,352 – a rise of 174%.

The figures also show that warrants have risen from 4,552 to 8,505 (87%) and repossessions from 4,891 to 5,403 (10%).

[Pixel8r]

[Pixel8r]

You will own nothing.

[Laura]

https://www.thisismoney.co.uk/money/mor ... 1660821208
How much should we cut our asking price by as our home isn't selling? The estate agent says we need to shave off 10% after just five weeks

My husband and I are selling our home to downsize and free up capital we need in our retirement. We have seen a couple of places we would like to offer on, but are waiting for our own house to sell before we do so.

The estate agent originally advised us to put our house on the market for £550,000 but we have thus far, received very little interest. Just a smattering of viewings and very little feedback.

It has only been on the market for about five weeks, but already the estate agent's manager is telling us that the price is too high and that we need to reduce the price by £50,000.

I know house prices might be falling a little but that’s almost a 10 per cent cut. Surely cutting the price to £525,000 would make more sense? And surely five weeks is not long enough to be justification for cutting the price?

Ed Magnus of This is Money replies: This is no doubt a conundrum for many sellers up and down the country at the moment.

In recent weeks, the number of buyers out house hunting has fallen off a cliff, according to Zoopla.

It has found that buyer demand across its website over the past four weeks is 47 per cent lower than what it was this time last year.

The number of property sales agreed is down 28 per cent compared to the same time last year. All this, when the stock of homes for sale is apparently up 40 per cent on the same period last year.

[Pixel8r]