Peter

@PauloNoggy Yep trying to find somewhere to live and everyone is listing like it's still stamp duty holiday low interest rates.

I've regularly been looking at UK property prices for like 5yrs now, looking for investment opportunities. I've never seen a market like this, oversupply, very expensive but no one is budgeting because the new reality is too painful to accept. Also no first time buyer market.

@rich_rdctd There are people who want a secure deposit for a house for example?

Who on earth is keeping money in a Cash ISA??

@_Unknown_D_ And this is how we end up with ever more extreme parties gaining ground because the existing ones just say the big issues are too hard.

@LondonMoneyFS I hope so. The days of insane offers over asking need to die.

@PeterLH90 yes and i wouldnt be surprised to see it happening more frequently

Seeing so many clients now reconsidering their options when they realise they need to have received a £10k pay rise to pay for the increased cost of borrowing for the property they offered on only a few short weeks ago. SPOLIER ALERT: They haven't received the pay rise.

@emmafildes @tomhtimes @thetimes Got rough quoted over £100k for modest a kitchen extension (not even including the actual kitchen fitout) on a house on the market worth about 3x the cost of the extension. Why would anyone given the risk and inconvenience on top of the eye watering cost.

Elevated inflation reduced the number of home improvements to 149,747 planning applications in 2025. This is 27% below the past ten year average and is direct result of spiralling renovation costs when money is hard to nail down. @tomhtimes @thetimes

@ottaproperty The lack of self awareness to just willingly put this in writing is staggering.

wholesome stuff

@_Unknown_D_ Yep, called about a house today and got told the seller is looking for pretty much asking on a house they've sat on for 30+ years. I just ended it there.

The property market is funny right now because mortgage rates and stamp duty is high, the economy is weak but these sellers are pricing like we are in a property boom. I’m looking at Zoopla daily and good deals are hard to come by.

@FinanceTiger @LondonMoneyFS The problem is, that has a significant time lag. What's happening *now* won't hit the land registry for at least 6 months or more.

🏡 There’s a recurring conversation often voiced by @LondonMoneyFS about sellers being disconnected from reality and needing to realise their property’s true value. For point. But is it really true that sellers are overvaluing their properties? Here’s a chart with some real data to help you decide!

@MortgageMikeN2 The whole point of a longer fixed is assuming the rate will go up at some point, so if it comes as a suprise to anyone then they can't be saved.

Mortgage rates returning to normal levels. Did we think rates would be ridiculously low forever?

@JibbaJabb I say let them all test the market and show their real "worth"

Sellers need buyers. A chunk of these will end back up on the lettings market once they stop throwing their toys out of the pram.

@moving_charlie In the area we want to move to, last year half the number of completions of the previous 10 year average and yet still all I see coming to market is prices higher than the 2022 peak. Just a massive disconnect between buyers and sellers.

Overvaluers Foxtons Q1 Sales Rev Collapses -35%, total rev down -10%. So this is what "resilient" means, going by their statement (link in thread). In reality, this happens when you focus on acquisition fun instead of core business. 4 word fix: Overvalue less, complete more.

@AlanRMacLeod "I want to keep this house but none of the downfalls of doing so"

Yes, because you now have two homes.

@MerrynSW That's pretty much the percentage of those over 50 unsurprisingly

Political will (of which there is none) required. "4-in-10 Brits (38%) believe the state pension ‘triple-lock’ should be made permanent, compared to just 6% who want it to be scrapped, new research from AJ Bell reveals"

@MerrynSW And given the whole market/economy is built around ever improving conditions and growth the huge hole between affordability and market prices now exists.

Here's something genuinely awful. Fewer than two in five young adults expect to have a better life than their parents. Collapse in any expectation of improving living standards. Politicians, yes, you with your relentless overtaxing and spending, this is your responsibility.

@theipaper Many such cases sitting on houses too big for their needs but refuse to let go at a price people can afford to pay.

At 70, I’m trapped in my £850,000 family house – I can’t sell it trib.al/x2Wccm6

@moving_charlie No rush to sell any lower when the triple lock shields from the pain everyone working feels.

The delusional monthly jump in asking prices at the "top of the ladder" is evidence that hopium abounds. Read the sentence at the top first, then consider the wisdom of asking even more. Logic evades the market.

@TouchlineX The sooner it's over and never returns to the US again the better.

🚨 𝗡𝗘𝗪: For the first time in history, The World Cup Final will have a halftime show. It will be organized by Chris Martin & Coldplay and could take up to 25 minutes.

@theashrb Its just rude. We've done a 14+ hour long haul flight with a lap infant and get that it's hard when we've asked the check in desk if there's a row without anyone on it before but when there isn't we just accept it.

And I tell them every time to get the fuck up LOL

@upgradedsam @tobyasky Yep. Regardless how long an agreement you signed up for, even if it was on April 30th, come May 1st it's 2 months notice for you to break the tenancy.

@tobyasky So what if I had already signed a contract that states otherwise. Does it render that part of the contract null and void?

Let me summarise for you guys. As a tenant, you can leave anytime you want, nothing like 12 or 24 months contract. You only have to give your landlord 2 months notice if you need to leave asap. Landlords cannot evict you anytime, maybe because they or their families want to move into the property, they must provide legal grounds like unpaid rent, etc…you can even take them to court if you feel it’s not right and access free legal advice. Landlords can only increase rent once per year, but if you feel it’s above the market rate, you can challenge it that it’s too much. You have a right to a pet, and you can make that request even if landlord says he doesn’t want pet in his property. Summary is that the law is trying to give tenants stronger rights, stability and negotiating power.