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DavidMPires

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Posts posted by DavidMPires

    Informal Drop In OT Thread

    in Low Down Lowdown

    Posted

    I don't know if you guys have it there, but in Europe there's Nespresso a Nestle brand popularized by George Clooney, they have this strong expresso called Arpegio. My favourite.

     

    I'm a bit of a coffee snob myself, it's close to impossible to find a decent cup of coffee in England.

    Informal Drop In OT Thread

    in Low Down Lowdown

    Posted

    Happy days.....

     

    Today I passed my first of 3 exams to become a mortgage advisor. Todays exam was the hardest of all because involved taxation, uk regulation, benefits etc.... Big stuff.

    The second one will be pretty easy, as it is mainly types of mortgages and they caracteristics, and i'm ok in that, that's what I do for a living, setting up mortgages and check their details, the 3rd one will be case studies, and i think i can manage that, i have quite an experience with brokers on helping them to find the most suitable product for their client.

     

    2nd thing on monday it's my birthday and my lovely lady bought us a ticket and booked the hotel in dublin, i think we are going for musical pub crawl, with irish music. I can't wait.

     

    Well this is all. I'm happy today :)

    Informal Drop In OT Thread

    in Low Down Lowdown

    Posted

    Cheers Brocko, I'm likely to start a pub search tonight :D so far within 5 minutes from mine, there's 3 wine merchants, that has to be a good thing.

     

    We cooked for the first time at home last night and we are starting to enjoy the new place, lots of room and a quite area.

     

    And i've cut down on the commute time too.

    Informal Drop In OT Thread

    in Low Down Lowdown

    Posted

    If any of you, decide to move, think again, i've been moving since wednesday and only last light got everything in. Bloody steep stairs. the british way of building houses is not the most user friendly. We should all praise the removal men who put in a great deal of strenght and push trough a lot of stairs, and wreck our furniture. I feel like an 18 wheeler had just drive through my body. I don't have parts of my body aching, my whole body aches. feels like is going to tear apart in pieces.

     

    good thing is that i'm in a lovely place with a lovely flat and a lovely lady. (who worked more than many men do). In the end it's all worth it.

     

    Where's the nearest massage place?

    Informal Drop In OT Thread

    in Low Down Lowdown

    Posted

    We're starting to get enquires for June.

     

    There has been a bit of 'adjustment' going on. The interest rates have been steadily rising and the banks have stopped doing 100% mortgages. People are generally holding on to their money, or paying off debt. Last month the Bank of England decreased their base rate, but the banks didn't follow. They're all running a bit scared as we were heavily exposed to the US sub prime. London houses some of the major US bank's European headquarters and they have all been announcing billions of pounds of write offs and reducing their head counts although the press have been strangely quiet over this.

    As Davo pointed out in another thread I am now paying £1.15 per litre of Deisel, that's around $10 per US gallon.

     

     

    Although the bank of england has lowered the reference rate from 5.75% last november to 5% currently. The rate at banks lend money to each other has raised LIBOR (London Interbank Offered Rate) therefore while in past banks where able to cut deals because of the amounts borrowed today due to short suply of money banks are playing it save and only lending at values where they have profit.

    100% rates have ended and FTB (first time buyer) rates are as low as 7.00%, this will not be coming down so soon, also the subprime has had an cut of about 60% of the rates available comparing to 2007. For a decent rate you will need to have at least 75% if not less of the amount of the value of the house, and the fees for good products are being as high as 5k.

     

    During the next year we will not see a sudden coming down in the rates but a steady and controlled raise in money supply, mostly boosted by the govermnt by issuing bonds to patch up the loans between banks.

     

    My advice would be if you have money...save it for another year and by cheaper. Or if you see someone being repossessed that's a good time to buy. Not a good time to sell. Houses will come down in prices to boost the market.

     

    Not good times for the industry. I ear everyday of redundancies.

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