We all know the property markets wax and wane or as the experts would say 'experience peaks and troughs' for this reason the cycles indicate you will never loose an investment in property. The simple reasons is known as 'recovery'. Property markets recover for all manner of reasons, in the last few years the dips and recessions were attributed to global financial market meltdowns and the knock on effect is borrowing becomes harder for first time buyers which in turn effects the entire market place. House builders change their programmes and build for the middle markets which can afford ...
This tip isn't intended to be flippant. Buying a house regardless of whether you have done it before or not is daunting. The UK property market system is for and against you. Legislation that protects you also requires you to spend a lot of money is system that in all truthfulness only favours the UK tax system. Putting estate agents and solicitors to one side the house buying process is painful, from assessing how much capital you can borrow to how much the house you like is worth to agreeing the price and then giving the go head to buy. Giving the ...
If you are prepared to loose a lot of cash now is the time to sell your house. Yes, there will be those who have no choice but to sell but if you are simply bored and looking for a change you could be loosing as much as £10k on a house valued at £100k. It really is this much money you will loose. Despite the economic optimism the UK is in a serious mess and the housing market is going through a double dip crash. Seriously, there is no doubts or questions. Estate agents are as keen to make a living ...
The questioned asked by every first time buyer is when is the right time to buy. Buying a first house (home) is never an easy decision to make unless you have a pot of cash (you do not have to get a mortgage). Chances are you wont be reading this! The main information providers on mortgages and house prices generally shy away of explaining how to get and secure your mortgage they are more interested in selling their products and explaining how the repayments work. Default on the repayments and you'll be at square one on the property ladder. The two critical factors ...
Unscrupulous estate agents are now instructing their clients to lower their prices. A plea to bite the bullet and sell for less has been reported across the UK as buyers are being more choosy. It's a disgrace that after 15 years of house price rises driven by greedy estate agents yet denied by them for the cause of price rises that they are now asking for their jobs to be made easier. Is biting the bullet on house prices to be encourage? NO I recall during the last 15 years house prices going up and up and that it was the estate agents ...
Properties available above £1M price range are showing evidence of prime properties trading above market guide price. This is due to the South of the UK regional differences. Also strong demand for land from a range of buyers with prices rising significantly in the last quarter. The Southern region of the UK which has seen a 66% rise year on year. Following the 2010 election more certainty in the UK economic encouraged vendors and buyers alike. That said, as always, there is still a lack of best in class properties available across the board. The Home Counties there is a lack of stock ...
The housing markets always seem to focus on the first time buyer. The first time buyer always seem to be the most important in the chain of buying and selling houses, is this true? Most would agree that this is the case, without new money coming into the property market then it's a case of relying on the existing home owners to move around to keep the chain of events going. Stepping back and looking at the housing market in this way should be the first thing anyone does when considering buying a house. It makes you realise how volatile the ...
Finding the right mortgage is not easy regardless of the economical climate. An Independent financial advisor will generally try to secure as much as is physically possible for you to borrow simply because they work on commission and the higher you borrow the better it is for them. The rule of thumb is always borrow what you can afford to pay back and allow for all events. Buying a house as your home is important and not to be undertaken lightly.
Looking for an estate agent that wont pull the wool over your eyes. Estate Agents have been known to be ruthlessly self interested. Estate Agents with a good portfolio of properties to sell indicate a good practice. As a house hunter looking for the house of your dreams you want the facts and want the best price for the house of your dreams or the honest market value for your house about to go on the market. Be sure to research your Estate Agent thoroughly.
It's no big surprise that the UK housing market tipped the balance in late 2008 and began to beat the downward trend set by the recession. 3 years on and the housing market in the UK is starting to show signs of recovery. Housing experts and estate agents believe the average cost of a house will rise by as much as 25% in the next 5 years to 2016
Finding the right mortgage is not easy regardless of the economical climate.
An Independent financial advisor will generally try to secure as much as is physically possible for you to borrow simply because they work on commission and the higher you borrow the better it is for them.
The rule of thumb is always borrow what you can afford to pay back and allow for all events.
Buying a house as your home is important and not to be undertaken lightly.
