Recent data has shown that landlords in the UK found it easier to find tenants in the last quarter of year 2007 compared to the third quarter of the year, reflecting the increased demand for rental properties amongst consumers that have now been priced out of the market altogether when it comes to purchasing a property. Tight credit conditions, high interest rates, soaring property prices, and the effects of the credit crunch. Read the rest of this entry »
Popularity: 7% [?]
Many people that intend to buy property in rural countryside hotspots may no longer be able to have these homes as holiday or weekend homes, as new regulation may mean that they either have to live in the property as their permanent residence or may have to rent the property out all year to tenants. Buyers intending to buy property in rural hotspots may now have to get planning permission even on existing properties, and if they are refused they may have to move into the home or rent it out to tenants. Read the rest of this entry »
Popularity: 8% [?]
Most of us are well aware that the UK is experiencing a housing slump that has been likened to that seen in the darker days of the early 1990s. Homeowners that are trying to sell their homes are experiencing real difficulties at the moment for a number of reasons. One of the major factors affecting house sales is the lack of mortgages and tight credit conditions in play, which are stopping those interested in buying from getting a suitable mortgage. Another major factor is the fact that house prices are rapidly falling, and many would be buyers are now too nervous to take the plunge in case house prices fall further once they have made the purchase. Read the rest of this entry »
Popularity: 9% [?]
For a number of months now there has been widespread speculation with regards to property values in the UK, with many experts predicting that house prices – although unlikely to crash – are set to fall over coming months. Data from a series of surveys and studies has backed up these predictions, and the past few weeks have already seen a weakening housing market with falling property prices. Read the rest of this entry »
Popularity: 14% [?]
Concerns over the effect that interest rate rises will have on homeowners that are currently in cheap fixed rate deals have been rife for some time. There are many homeowners that took out cheap fixed rate mortgage two or three years ago, with many paying under 4.5% on their mortgage loan. However, between August 2006 and July 2007 interest rates rose five times, taking the base rate from 4.5% to 5.75%. Between July and November the base rate remained unchanged at 5,75% but at the beginning of December the Bank of England cut the base rate by 0.25% bringing it back down to 5.5%. Read the rest of this entry »
Popularity: 17% [?]