@alexanderrX_ No one will likethis comment but a house for under 900k in London is worth it. This fully extended is 1.3 million in the worst of boroughs.
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lucian SB
1.6K posts
the london housing market cannot be real. £850k (1.12 million USD) for a 3 bed terrace in tooting. £3,400 a month on a 40 year mortgage. total repayment £1.6m. £885k of that is pure interest. you need to earn £170k just to be allowed to buy granny’s house and pay almost double for it. actually insane
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@MortgageMikeN2 Any flat or house it nw6 has doubled.
Whats the point sharing one offs?
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@LondonMoneyFS @financial_shaw Porting a mortgage is one of life’s luxuries.
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Few lenders offered 10 yr fixed rates
You might therefore have not me their criteria
20% of FTBs move within 2 years
60% with 5 years
The Uk divorce rate is 50%
Some people want flexible more than they want security
The rate is portable but the borrower might not be
Moving Home with Charlie@moving_charlie
Anyone who took out a mortgage 6 years ago and wasn’t offered a 10yr fix by their broker should be asking them why
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@MortgageMikeN2 @crawshaw_steve @moving_charlie @paultrowntree probably a good sign to say we are near the bottom
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@crawshaw_steve @Lucian_SB @moving_charlie @paultrowntree Yeah, lot of the flat market looking absolutely cooked.
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They said it could never happen. And the worst is not yet over. Don’t be the last to wake up.
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@paultrowntree @moving_charlie I bought 1989. By the mid 90s I had a lot of negative equity
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@AutoPap @SiskJerry I don’t have a drive, and not charging company will install one that need to cross a pavement
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@AutoPap @SiskJerry Not sure, I’m thinking of getting one.
So cost is the reason?
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@AutoPap @SiskJerry why do you say that? In London there are public charges on every street.
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@SiskJerry you can't own an EV without a home charger, they need to tell you this before you buy one!
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@mtpennycook @Cotswold8 @cagey_optimist that excludes conversion flats, housing association leaseholders, mixeduse blocks, and anyone who can’t hit 50% isn’t a easier route — Millions will remain trapped. Forever. They will be in a worse place than before. A two tier market.
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@Cotswold8 @cagey_optimist A cheaper and easier process to enfranchise (i.e. extend your lease or buy your freehold) and then conversion to Commonhold if and when it’s right for your building.
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Any further comments on this @mtpennycook?
Saul Staniforth@SaulStaniforth
Govt minister Matthew Pennycook yesterday : "I have never once suggested we'd abolish leasehold outright" Govt minister Matthew Pennycook on the 27th Jan 2026: "This package as a whole, as I have said, will end the leasehold system in its entirety and in a single Parliament"
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@mtpennycook @cagey_optimist Factually incorrect. A ‘clear route out’ that excludes conversion flats, housing association leaseholders, mixeduse blocks, and anyone who can’t hit 50% isn’t a route — it’s a conditional promise. Millions will remain trapped. Forever. That’s not ending the system. You are lying
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@cagey_optimist I can only reiterate what I’ve said previously. We are not abolishing leasehold outright (i.e terminating c.5 million leases overnight). Instead, we’re ending the system in this Parliament by making Commonhold the default tenure and giving existing leaseholders a clear route out.
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@that_stocks_guy @moving_charlie The do you think this mighthappen ?
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@moving_charlie Stamp duty holiday is coming to delay the inevitable! Watch it happen :)
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This is MUCH worse than the mini budget crisis of 2022.
If this continues, mortgage rates spike (even more than they already just have) and there's a technical term to describe what it means for the housing market.
It's f*****d.
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@thomasforth @s8mb If the faults are known why don’t they fix it?
Scrap the gov system, just keep one accurate tfl one and use a different technology for location data, starlink or even street cameras.
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@s8mb Core challenge in London with bus tracking is poor mobile phone signal (due to NIMBYs blocking towers) and to a lesser extent poor GPS signal (due to tall buildings). Then the secondary challenge is how the bus location data gets turned into countdown timer data feeds.
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Why is bus data so unreliable in London? The supposed real time positions of buses are often completely wrong. How hard is it to stick a GPS tracker in every bus and make that public?
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@cliff_mcqueen @TimesRadio End of the day it’s economics not politics. North Sea oil at $50/barrel is a very different game to $120. Also drilling hasn’t stopped but high costs, ageing fields, low prices and mean less investment and slower development. High prices mean the risks are worth taking.
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@TimesRadio "It won't make any difference"
Ask the people who live in and around Aberdeen, those whose jobs depend on the North Sea and all those in the support economy.
No one gives a toss for them. They are never mentioned by the chattering classes. They don't matter.
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“I think within the next two to three weeks you will see physical shortages”
Drilling North Sea oil “won’t change the whole crisis situation” but it will help to maximise our supply and reduce the likelihood of oil shortages, says Nick Butler, former vice president for strategy and policy at BP and Gordon Brown advisor.
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@db_fink Can’t address the point so you go after the person. Classic. You sell yourself as someone who helps people understand markets. So explain why global forces count when Truss is in charge but not when Starmer is? Not hard for someone charging people for financial education. 🤡
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@Lucian_SB Fix your puny brain
🧠 David@db_fink
The FT had the most balanced view on the Truss tantrum. In July, before Truss was PM, they explained there were liquidity issues in the LDI mkt. ft.com/content/09cc7f… In the aftermath, they also said the pensions regulator had not learnt lessons from 2008: ft.com/content/6ca2ff…
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The Truss Tantrum vs Starmer Stability.
Yeah good one mate.
Anon Opin.@anon_opin
I find it mind-boggling that Keir Starmer is seen as just as unpopular as Liz Truss. I'm no fan of him particularly, but being a bit boring is nowhere near as being as absolutely batshit as Truss was.
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@AaronBastani @novaramedia Change your politics and you could sell this for millions. 😅 congratulations
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Great to see @novaramedia hit 900,000 followers on Instagram 🥳
Within 18 months I suspect we’ll have overtaken the Times and Telegraph. Of course our monthly reach did that long ago!
Should overtake Mr Farage in next few months 😉
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@db_fink Truss spike? "Not her fault, global forces." Starmer gilt spike? "Entirely his fault — ignore the Iran crisis."
Pick a framework and stick with it. You can't have external forces as your get-out-of-jail card for one PM and then pretend they don't exist for the other.
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The FT had the most balanced view on the Truss tantrum.
In July, before Truss was PM, they explained there were liquidity issues in the LDI mkt.
ft.com/content/09cc7f…
In the aftermath, they also said the pensions regulator had not learnt lessons from 2008: ft.com/content/6ca2ff…
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@LondonMoneyFS It’s also wrong. I’d take a hefty bet rates will be lower next year.
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Great news for cash savers 💪
zerohedge@zerohedge
*TRADERS BOOST BOE RATE BETS, FULLY PRICE 50BPS OF HIKES IN 2026
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What this bulletin doesn't say is that although two drones were shot down, other drones in the same swarm got through to their target, and caused injuries amongst US troops at our base in Erbil. And the British government's policy remains one of "de-escalation".
Ministry of Defence 🇬🇧@DefenceHQ
Update on UK operations in the Middle East, 12 March 2026.
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