How to sell your house
Selling a house in a market like the present, is not the easiest thing to be doing, believe it or not there some people out there who are selling their properties. The difference between them and other house sellers is by simply having the right package ready for when the viewing take place.
There are many [...]
Scottish Property Still Rising
Despite the trends in the property market at the moment, it seems that not all is bad within the property market; this is especially true when it comes to Scotland where prices are surprisingly holding on.
In fact to completely throw the current property trend right up in the air, according to some sources the actual [...]
Couple live in shed
This is a real sign of the times, where victims of the credit crunch are forced to live in unacceptable conditions. A couple from Hartlepool are having to live in a shed on an allotment because their house was repossessed.
The couple who have six children have seen their family split up, the children are staying [...]
Record fall for properties
The Nationwide building society has been keeping records since 1991 when conducted their first housing survey, this now acts a guideline for the current state of how the property in the UK is doing and it is not a pretty sight.
The data collected has shown that the average house price has fallen 1.7% last month [...]
South East property holds on
Listening to the news, anyone would think that the price of property in the whole of the UK is in free fall! However, this is not necessarily so in all areas and is particularly not true in the South East corner of the UK.
Nevertheless, recent reports are showing the price of property in the region [...]
House prices are set to rise
At last, there could be some good news over the horizon, well at least when it comes to property prices. In report which has been published by the National Housing Federation are claiming that within the next five years property prices are set to rise.
In fact they are suggesting a slight increase, they predict that [...]
Woman escapes repossession by suicide
It is a sad sign of the times when people feel that they have no choice other than to end their lives.
However, this just highlights the pressures that some people are finding themselves in, as the financial pressures build on ordinary people who have done nothing wrong, apart from trying to get on in [...]
Average UK house price falls
The UK average house price has fallen this month on the same time last year. This is the first time that something like this has happened in the UK property for a number of years. The property marketing company Rightmove Plc started keeping records in 2002 and this is the first time since their record [...]
July 21, 2008House prices could fall for two years
It is now as we begin to feel the full effects of the credit crunch, when we grasp at any story that tends to be in favour of an upturn in the economy but unfortunately, these good news stories are beginning to get thinner on the ground.
Now the chairman of the Citigroup bank is warning [...]
First time buyers find it hard
First time buyers are having to come up with a whole load of cash in order to get that first step on the property ladder according to the Royal Institution of Chartered Surveyors first time buyers need to find around £27,738 just to get the key to the door of their new home and these [...]
July 15, 2008The sign of a good or bad agent
With the property market in the state that it is in at the moment, it is essential for someone wanting to sell their house that they find the right estate agent, failure to do so could result in being a very expensive mistake to make.
But how on earth can you tell if an agent is [...]
The state of the UK mortgage market
How the mortgage market has changed over the past year or so. It was not that long ago when borrows were inundated with so many different mortgages from equally as many lenders, but that was before the credit crunch and now things could not be any more different.
The problem now for borrowers is that the [...]
Average property prices down
House prices may have fallen by around two per cent this year, but with figures due out from various building societies saying that new mortgages are at an all time low, then it will not come as a surprise to hear that house prices for the year from June 2007 to June 2008 have fallen [...]
June 30, 2008House prices remain low until 2015
It may be some time before the prices of property return to levels of what they were before the credit crunch; according to a top government advisor these prices will not reach that level until 2015! This is a daunting prospect for many people who have seen their property prices drop slightly, but it does [...]
June 27, 2008Mexicans to claim land in Texas
No, this is not a call to arms, or an attempt by the people of Mexico to retake parts of Texas, although to some people who live in the lone star state, could be thinking that an invasion is on the cards. But it is rather a call to the wealthy Mexicans to get onto [...]
June 25, 2008Even the wealthy fear property prices
With the property market being a bit unsettled the last people that you would have thought of as giving up and selling off would be the wealthy investors who have made so much out of investing in the UK property market.
But it would appear that even these wealthy people have become a little scared at [...]
Housing sector looking worse
It has been said that we are looking at a situation that could be worse than in the late 1980’s when the property market was certainly dire! But without have to seem too of a doom and gloom merchant but things could be the same or worse.
According to the Building Societies Association, the rescue plan [...]
Now could be a time to buy
There has been a one sector of growth within the property sector which has seen some significant growth. They are called “Property Finders” and they follow the lead that we have seen on the TV where house buyers get help in buying their dream home.
They are considered to be the other side of the coin [...]
More mortgages to choose from
There is no wonder that the finance industry is in such a state, you just have to look at the amount of weird and wonderful mortgages that are available in the market:
Muslim mortgages
Unusual home mortgages
125% mortgages
Builder deposit mortgages
Self certification mortgages
Shared equity mortgages
Shared ownership mortgages
Euro mortgages
Commercial mortgages
Guarantor mortgages
Buy-to-let mortgages
Clearly these products have been created for a [...]
Getting priced out of buying a home
Despite the so called credit crunch, there are literally thousand of first time buyers waiting to find their dream home. This you would think, sort of goes against the current trend.
However, according to a recent report by Professor Steve Wilcox, of the University of York, there are around twenty five per cent of these [...]