Quote:
Originally Posted by jaysay
The thing is will the lenders drop the rates to mortgage payers
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Will they hell, its rip of Britain remember, they will take every opportunity to rip us off, they know they have you by the short & curlys, only the government can make them toe the line, and only if there a political need, like a general election.
Houses are well overvalued, its ok for the seller, but hard cheese for the buyer, one row of houses near me was bought by the corporation, some 25 years ago, 10 of them, didn't pay more that £200 for any one of them, got a firm to do them up, then sold 5 for 10,000 each, remainder let back to previous tenants, with an option to buy, at some future date. When the last one changed hands they were asking
90,000 grand.
I wouldn't value them at 9000. They were built in 1828 and are poky little things.
Retlaw.