Archives for category: mortgages
Graph of real house prices in the United Kingd...

Graph of real house prices in the United Kingdom, adjusted for changes in the ONS’s Retail Price Index. (Photo credit: Wikipedia)

5 hours ago near London

Good morning. At 0810, house prices are rising again – a clear sign of a turnaround in the property market? At 0750, prescriptions for Ritalin and other performance-enhancing drugs have increased by 56% in five years. And at 0730, there will be protests today, at various railway stations, against higher rail fares. With Evan Davis and Justin Webb.

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LIVE: Tuesday’s Today programme

www.bbc.co.uk

A rundown of stories from Tuesday 13 August including programme highlights and comment.

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  • 2 people like this.
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  • Marko Pubdad All this talk of “good news” because house prices have gone up, is surely only good news if you are selling yours! and even then presumably you have to buy another that has gone up as well! all it does is take the possibility of home ownership further away from people that have had their wages frozen or reduced! in addition it puts even more pressure on the already over inflated and in short supply rented sector! not good news in my book! and just serves to prove just how out of touch these presenters, reporters and politicians are!!
    4 hours ago · Like · 6 
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  • Allan Atkinson never could stomach the Tory alignment of ‘property owning’ and ‘democracy’… and current increases in London owe more than a little to foreigners buying flats off-plan
    4 hours ago · Like · 4 
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  • David Norris I agree that rising property values is not good news. High housing costs is perhaps the principal reason why so many people are in financial difficulties, and it will get worse when eventually interest rates start to rise. We can only hope that the rise will encourage an increase in supply.
    4 hours ago · Like · 5 
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  • Helen Avery Please hurry back, JH; these two are beyond irritating..
    4 hours ago · Like · 2 
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  • Stuart Aylmer When/if the bubble bursts what new liabilities will have to be met by the taxpayer under the mortgage guarantee scheme? Interests rates can rise and prices can fall. Will we be shovelling public money to private speculators again?
    4 hours ago · Like · 2 
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  • Alice Fearns House prices rise when already 30% of the population don’t earn enough to buy – a land grab by companies building up a rental stock, so we are going back to the poverty of Victorian England. Wasn’t the crash caused by a real estate bubble? Sadly, no political party will tackle the real problems because all their financial consultants are making millions out of the poverty of most of the population
    4 hours ago · Unlike · 6 
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  • Alice Fearns Why does nobody point out that with higher rail fares, the unemployed can’t afford to get to interviews? and no, the companies helping them back to work don’t pay, it would have to come out of their profit margins – another government scam
  • Marcus Carding Agree with most other comments. It’s not higher property prices that the country needs, but more well-built, affordable housing. It’s pretty clear now that the market is not going to provide, so we more than ever need a planned programme of housebuilding by the government. I agree that we should not want to build over anymore of the countryside than we need to, but neither should we fetishise ‘green belt’. With no signs of a slowdown in population growth, we may have to accept that towns will go on encroaching into rural areas. Finding some way of harmonising human habitation more with its environment may be the only long-term solution which does not mean concrete’ing over the landscape.
    2 hours ago · Like
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  • Rob Kenyon “house prices are rising again – a clear sign of a turnaround in the property market?” No. Just a dose of castor oil working on a patient still addicted to hard-boiled eggs. Don’t build Shards and other billionaire playthings, build homes for people.
    about an hour ago · Unlike · 1 
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  • Julius Bannister Build houses, pure and simple. Hire British workers to build them. Use British materials perhaps? It is odd that we are often told that we’ll have to build 5 new towns the size of Birmingham over the next few years. Why? Oh yeah, that’s right….
    53 minutes ago · Unlike · 1 
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  • Sandi Dunn Aren’t most of the London flat/house purchasers billionaires domiciled in Singapore China etc buying ‘off plan’ (where our money seems to have ended up thanks to the wonders of global capitalism). They don’t know where next to ‘invest’ their fraudulently gained wealth, so, it seems, ‘buy to let’ is the thing in ‘no rules’ UK – with the bottom line promise that their rent charges eventually will be picked up by British Taxpayers via rent subsidies – even for those working! Otherwise, it seems we are heading for shanty towns in a city ‘donut’, which actually already exists in London environs… known as ‘Shed Bed lettings’) … Osbourne, Brown et al could not have thought of a more stupid system if they’d tried. Who can we vote for next time round is a real problem don’t you think?

It is Tuesday morning 18-6-13 @ 7.30.  I am just listening to The BBC Radio 4 Today programme (on every morning 6 – 9 am), I have just placed the following thought on to their FaceBook page: If anyone reading this blog knows the ins and outs of taking out an Islamic ‘mortgage’ please let me know as I want to write about it?  Thanks:
Sandi Dunn Who was that smooth talking (B’stard) mortgage guy on just now egging us all on into another stupid capitalist bubble – never mind the idiocy of paying compound interest. And the Today interviewer was pathetic! It was a commercial on BBC radio in effect!! Isn’t taking on a mortgage the single, most stupid way of housing oneself and family? Why don’t we (friends and family) lend each other interest free money (as it is, now sitting in all our bank accounts) so as to buy or build a house or small apartment outright? Or, borrow from an Islamic bank. Why isn’t The Today programme promoting that idea? Has anyone on this blog any experience of having an Islamic ‘mortgage’?http://www.islamic-bank.com/personal-banking/finance-products/home-purchase-plan/?gclid=CMXUy8D77LcCFYjLtAods3IAKQ

www.islamic-bank.com

Sharia compliant Islamic mortgage alternatives from the Islamic Bank of Britain (IBB). Halal banking you can believe in. Visit now”

 

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