Blog Entries

We were promised there would be no repeat of the Boom and Bust situation in England. Yet here we are after many years of a boom of over inflated growth of property prices that a bust is sure to follow. Property prices are so high that first time buyers can’t get on the property ladder. Mortgage companies have been forced to rethink lending policies, after all who can realistically afford to buy a property with only 3 times their salary. With 50 year mortgages coming into place how would you like your inheritance to be a mortgage rather than a house. Now obviously with the credit crunch many will argue that the mortgage companies were in the wrong to lend. All we are hearing now is repossessions are going up, house prices are coming down, recession is on the way. The global economic situation is very on edge it’s only a matter of time before we experience the bust again. But surely all the house price crash is set to do is put property prices back to a sensible accurate price making owning a home a possibilty for all.