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Archive for the ‘Uncategorized’ Category

Looking For A New Home

Wednesday, May 30th, 2012

There are all kinds of reasons why you might decide that now is the right time to try and sell your house.

Whether you want to live abroad, downsize, or just fancy a change, moving house can be a reinvigorating process. If you’re staying somewhere that you don’t feel content, it’s going to affect you.

So how do you go about looking for a new place to live? The internet has brought the property market directly to you. You’ll be able to browse listings of available property with minimal effort.

Most websites allow you to set search parameters, meaning you’ll be able to find property that is within your budget and suitable with a few clicks of the mouse.

Of course you could still visit an estate agent and get them to take you around the available properties in the area.

You should take your time when viewing the house, as you need to be absolutely sure before you commit to buy somewhere and sell your house.

If you do rush your decision, you’re likely to find yourself in a similar position, looking to buy and sell property, in just a few years’ time.

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Worrying Times Ahead?

Monday, May 21st, 2012

The positive news regarding a boost in mortgage lending seems to officially be a thing of the past.

A hefty drop in lending has been reported for April, with the effects of the reintroduction of stamp duty kicking in.

Buyers had been given a holiday from the tax to try and get the housing market moving and encourage first time buyers into the market.

Experts were warning today that we are likely to see any positive news about the property market levelling off in the near future, with the potential for a sharp downturn on the horizon.

With the Eurozone crisis looking more and more perilous on a daily basis, a significant worsening of the crisis would have a damaging knock on effect for the UK’s market.

Sellers are likely to struggle to offload properties as the demand will simply not be there.

This is bad news if you were hoping for a quick house sale. The value of your property will take a hit, so it may be worth attempting to wait out the crisis, if you have the time to spare.

Equally, buyers need to be aware of excessive mortgage rates if they’re considering investing in a property.

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Surprise Property Boost

Monday, May 14th, 2012

As the doom and gloom that is currently surrounding the Eurozone crisis continues to worsen, there has been a flurry of activity in the London property market.

Talk of Greece imminently exciting the single currency has caused markets to plummet, and sparked fears that other countries could follow if the door opens.

A mass exodus would leave the currency in a state of complete turmoil, which could only cause the property market further damage.

Despite that, there has been something of a boom in London.

The rise in purchases has been caused by worried investors in the directly affected countries. Greek, Spanish and Portuguese buyers are looking to sink their money in relatively safe, illiquid assets.

Perversely, London’s property market is likely to see even bigger improvements if the Euro crisis continues to worsen.

In the long term, it’s unlikely that the trend would continue if there was a large scale collapse.

Elsewhere, Scotland was facing the news that commercial property is at its lowest value for more than six years.

These are incredibly uncertain times for home owners, with unstable markets and the Euro crisis leaving analysts unsure of the future.

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New Property Blog

Friday, April 27th, 2012

 

Hello there and welcome to the first in this new series of blogs!

You may have noticed that things have been a little quiet in this section of the website over the last few months, but that’s about to change.

Over the coming weeks we will be posting new blogs every other day. These blogs will be exploring all things relating to the housing market.

In one of the deepest ever recessions, buying and selling housing is a hot topic. We hope that this page will become a useful resource for those interested in the property market.

We’ll also be offering plenty of hints and tips on how to find the best deals for your property if you’re looking to sell.

As well as that, there will be plenty of practical advice on things such as preparing to move house and arranging the best value mortgages.

To summarise, this blog will soon be full of useful information and helpful guides that anyone with the slightest interest in property will hopefully enjoy.

Check back on Monday for the first blog, and don’t forget to leave your opinions on any of the topics we write about in the comments box.

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Need A Quick House Sale? It May Well Be The Future Of UK Housing Market

Monday, May 10th, 2010

In spite of the UK housing market going through a bleak period, there are some interesting things to look forward to in the future. There is no doubt about the fact that there is a constant demand for houses in the UK market.

However, the problem is that the property developers are suffering from a real cash crunch as a result of which their projects have been put on the backburner. This means you can expect the house prices to go up by few notches since the demand is far more than supply. But, you can always expect the situation to improve and if you need a quick house sale then opportunities may well aris accordingly.

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Sale And Rent Back Companies Get A New FSA Rulebook

Friday, February 26th, 2010

New rules are to be introduced by the Financial Services Authority (FSA) governing sale and rent back (SRB), the new restrictions will be implemented on 30th June this year. As part of the new rules, firms will be banned from using high-pressure sales tactics and exploitative advertising in an attempt to keep all the companies on a level-playing field anc keep customers protected.

The FSA’s full regulatory regime for the SRB market will also ban cold calling and letterbox dropping and put a stop to the use of emotive terms such as ‘fast sale’, ‘mortgage rescue’ and ‘cash quickly’. Plus, all risks must be clearly made out, a 14-day cooling-off period will be introduced and the customer will also have a security of tenure for a minimum of 5 years. Game changing and welcomed.

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Quick House Sale A Long Way Off If BoE Stats Are Anything To Go By

Monday, February 1st, 2010

Did you see the Bank of England’s figures released recently about lending in January ’10?

According to data compliled from all the banks and mortgage providers, only 48,198 mortgages were approved in January, a figure which is 17% lower than the 58,223 in December. Experts reckon it’s down to the cold weather and the decrease in the Government stamp duty threshold from £175,000 back down to £125,000. But the good news (if you can call it that) is that the number of home loans approved is 43% higher than in January ‘09.

As far as quick house sale opportunities go, researchers Global Insight believe 70,000 to 80,000 mortgage approvals a month can be classed as a market with ’stable house prices’, so don’t hold your breath.

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Balfour Beatty Make A Move To Help Those Who Can't Make A Move Themselves

Monday, December 14th, 2009

A bit of construction industry news for you now – Housing Developer Balfour Beatty has boosted its affordable housing arm by acquiring Strata Construction who specialise in low cost developments. The move is no doubt a reaction to the current market which has seen an increase in sell and rent back deals and a wholesale move towards low priced property as people struggle to get a mortgage.

The price tag on Strata was £10.3m and was purchased primarily to increase exposure to the affordable housing market in Yorkshire. With Balfour being one of the biggest constructors in the UK, their business is a good indication of the industry as a whole and their recent announcement of contracts worth more than £206m with QinetiQ can only be a good thing.

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15 Year Wait For A Property – Not Exactly A Fast House Sale

Monday, December 7th, 2009

If you’re looking for a house in the UK, a recent announcement from the Housing Charity Shelter may not be what you want hear. They had a look at the Havering Council waiting list and revealed that it will take 15 years to house everyone waiting for a property.

In total, more than 9000 people are waiting for accommodation which is a lot and when you consider that only 600 homes were let by the council last year. Based on these figures, anyone hoping for a property soon may well be in for a wait as all 9000 residents would take 15 years to re-home. This is further magnified when you consider that the national average is 7 years.

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How Did House Prices Get So High?

Saturday, December 5th, 2009

We’re now in the lowest of lows the housing market has ever seen with the average price the same as it was 6 years ago before the boom. This catastophic dip is only here because of the massive high we all experienced, but how did prices get so high?

Some believe it was the doing of TV property shows as they encouraged home owners to knock down a wall and charge twice as much. Others think prices achieved unpresidented levels because there was insufficient planning and use of green belt locations for new developments. Either way, the days when mortgages were given out in cereal boxes and a quick house sale was the norm are gone and house prices have regained some normality.

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