Targeting your area and market
When you’re trying to find your ideal investment it’s useful to know the various markets you can potentially target. Below you will find several descriptions of who they are and what they want. Before I start I have a tip, always take a look at the local amenities and gauge who [...]
In the news today it seems Homeowners are starting to wage war against one another with aggressive price cuts. This is good news for buyers, but it is a clear indication that times are getting harder and the property market is continuing on a downward spiral.
The hardest hit areas for price drops are the East [...]
Trying to get the finance together to embark on a project can be tough, not many of us have spare sums of cash lying around. I would suggest if you are going to get into property development you should save very hard for a few months to get some money for a deposit for a [...]
The news continues to remind us that property prices continue to plummet, property sales have plunged almost 15% from April to May. According to HM Revenue & Customs, which measures stamp duty payments, there were only 100,000 house sales in May down from 115,000 in April. In contrast with last years figure for the same [...]
The credit crunch is tightening its grip on Britain with the number of home loans given hitting its lowest level for 9 years. This suggests the mortgage market is shrinking probably a result of continuing problems in the banking sector.
According to the CML or Council of Mortgage lenders the number of loans for property purchases [...]
We all know estate agents work on behalf of the seller, this is how they get paid, so it’s important we know our rights and what an agent must do or not as the case may be.
Buying
• If you place an offer on a property, the estate agent must pass it to the seller quickly and [...]
Buyers are facing yet more obstacles now with mortgage providers upping the stakes with tighter lending criteria. Here’s the latest, with lender’s ability to provide funds becoming increasingly debilitated higher deposits are being required from first time buyers.
As a result of the current climate the Co-operative bank is the latest lender to restrict borrowing to [...]
If you look at data that has been compiled over the past 25 years, house prices increase, on average (this is taking into consideration varying prices by region), by 8% per year. However, salaries only increase by, possibly, just 3% per year. So it’s not surprising that so many people would like to buy a [...]
Buyers are facing yet more obstacles now with mortgage providers upping the stakes with tighter lending criteria. Here’s the latest, with lender’s ability to provide funds becoming increasingly debilitated higher deposits are being required from first time buyers.
As a result of the current climate the Co-operative bank is the latest lender to restrict borrowing to [...]
My top advice is to shop around look for the best deals don’t necessarily go through the mortgage broker in an estate agent.
If you go through a mortgage broker remember to ask where they take their fee from. Remember you should not have to pay any up front fee directly to a mortgage broker.
You [...]