UK First time buyers are finding it hard enought to get onto the property ladder to to high prices of UK property, but now (rightly or wrongly) banks are now reducing mortgage options. The 10% deposit mortgages have shrank by 97% during the last two years with only 102 different
Not exactly a suprise is it? House prices will continue to fall until they get to nearer where they should be. Credit has tightened up, no longer can you get 10 x your salary to purchase an over inflated priced property, it’s now getting to near 4 x your salary so house prices have to [...]
It is now being tossed about all over, the UK economy is in recession and that property in the UK is falling in value and it is a lottery to know as to when these figures will continue to tumble. Reading alot of other blogs and media editorials on the internet it is generally accepted [...]
Figures show that some 11,300 more homes were repossessed in the third quarter of this year and that is a 13% increase on the previous quarter. This figure is definately set to get worse as the economic situation of the UK worsens. This years figures show that around 19,000 homes were repossessed in the first [...]
It has been recently reports that some houses in the UK have nearly halved in value as the real estate market plummets amid the global financial crisis. It is in the news nearly every day, the media are tailing it all the time – Property Prices are falling.
If you were fortunate enough to sell at [...]
Apparently I hear that the government could come out and rescue the situation the UK economy finds itself in, but I say how on earth will they do that, simply by digging themselves a deeper hole by increasing the supply of mortgage lending? Looking at the basic figures that effect the way the housing market [...]
Recession now spoken about with more frequency, house prices falling, repossessions figures up, sterling down, inflation up, unemployment rising….. where is it all leading? Will the government come up with yet again another false scheme to keep it all afloat (Or on cloud nine!) or will it all fall? Are you a home owner unconcerned [...]
With some garages being sold for ridiculous amounts of money especially in prime areas of London. How desirable is a garage with your property? The majority of people who own a garage don’t even use it for their car, it is simply a storage area. On some new build estates the size of the garage [...]
With investors selling off their buy to let and investment properties and recent property hotspots like Bulgaria suffering from falling property prices. Do investors still feel safe investing their money in property or are they putting their money elsewhere? America, Australia, Spain and France have always been popular locations for buyers but these are all [...]
Home improvement, renovating, upgrading or refurbushing your home has become a national pastime. Makeover shows on TV, like Property Ladder, Better Homes etc make it look easy but in reality it always takes longer and costs more than you first think. It is important to make sure that the work you carry out will add [...]