The NHF (National Housing Federation) are giving out figures showing that new build homes in England are set to slump by 50% on last years figures.They state they only expect around 70,000 homes to be built during 2009 – 2010, that being only half the 140,000 properties that will be built this year. These figures [...]
Selling property was once such a simply thing…. house prices were rising, demand was high, all it took was a £2,000 quid TV home make over style cash injection in your property and you could charge £10,000 more. You re-mortgaged and kitted your home up with all the latest electronical goods, flat screen TV’s, american [...]
Average property in the UK costs now £208,583, that’s nearly £12,000 less than a year ago and the lowest level since March 2007.
Just 35,000 mortgages worth £5bn were taken out by people buying a home in September by figures taken from ‘Council of Mortgage Lenders’. This means a 15% drop
There are at least 2 million people coming off of fixed rate mortgages in the next few months. With interest rates now higher than when these were originally taken out these people are going to notice a real difference. There is now much less choice of mortgage deals around, this can only lead to a [...]