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Is the financial situation improving?

Who do you believe? If we are heading for recovery, why are the interest rates not rising yet? Then another expert says it's unsustainable, with more job losses, how can people keep their houses? Without the prospect of repossession.. As soon as interest rates for mortgages are raised, there would be great difficulty for some to keep up. FTB seemed to lured in??

Asked on Apr 3 2010, House Prices in New Malden | Report content

Answers (3)

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  • Great question and yes the landscape is confusing but it does seem to be improving in the housing sector at least as volumes of sales are increasing and borrowing is slightly easier than it was a few months back. It will be a bit up and down for a few months yet but I do believe the medium and long term trend is upwards

    Answered on Apr 6 2010, Report content
  • It's going up now, so is demand more are buying. How long will it last? Only a few months I would think, by the end of the year we may see another dip due to many trying to push the current property 'boom' to hard esculating prices unsustainably. But maybe not!!!

    Answered on May 4 2010, Report content
  • In my experience, yes. We ended up getting a 95% mortgage which didn't involve the government scheme at all.

    Answered on Nov 27 2013, Report content

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