Market Commentary Page 3

Information about changes in the mortgage market and how this may affect your house purchase or application for mortgages.

Long Term Fixed Rate Mortgage Deals!

Long Term Fixed Rate Mortgage Deals!

Back in 2007 the market saw an array of 25 year fixed rate deals, but the deals came at a time when the Bank of England base rate was 5.5 per cent.

The government has therefore once again toyed with the idea of longer term fixed rate as a solution to the housing crisis and they have therefore called on lenders to offer 30 year fixed rate loans to give borrowers certainty. Read more

Mortgage Lending to First Time Buyers!

Mortgage Lending to First Time Buyers!

It appears that the property market has once again burst in to life with young buyers desperate to realise their home owning dream now is the time to take the plunge.

Recent studies show that the number of first time buyers who have been given mortgages are back up to the levels seen before the bank crash of 2007. Read more

Confidence in The Housing Market Returns!

Confidence in The Housing Market Returns!

It appears that although many people are still worried about the cost of energy and food, confidence in the housing market is now on the up……….

Research by a property search website, zoopla, found that confidence in the housing market among home owners has soared to its highest level in three years. Read more

The UK Housing Crisis.

The UK Housing Crisis.

The British dream of property ownership has become a nightmare, with many struggling to find any home at all.

At the current time it appears that many people have indeed done well out of owning their homes, but many others have been priced out of the market.  Read more

One Million Properties Needed by 2021.

One Million Properties Needed by 2021.

It seems that as the population increases the UK is facing a severe shortage of affordable homes, a problem that lies at the heart of the country’s housing crisis.

Data shows there is now a growing housing crisis as fewer homes are being built this year than for a generation.  Read more

Home Owners Expect to Pay off Mortgage Early!

Home Owners Expect to Pay off Mortgage Early!

It seems that the lower mortgage rates that are now on offer thanks to the funding for lending scheme and the bank of England’s base rate remaining at its historical low of 0.5 per cent has created the potential for borrowers to pay off their mortgage debt quickly.

Some industry experts feel that that paying off debt is always a good idea in an uncertain economy.  Read more

How is the Help to Buy Scheme is Doing?

How is the Help to Buy Scheme is Doing?

It appears then that the new homes market has benefitted from improving consumer confidence throughout the year, having been supported by government schemes.

The Help to Buy equity loan scheme was announced in this year’s March budget it is aimed to help up to 74,000 homebuyers over next 3 years.  Read more

Are Mortgage Rates Close to Bottoming Out?

Are Mortgage Rates Close to Bottoming Out?

Just after that financial crisis mortgage rates had been pushed up by the lack of competition in the market and yet more bad news from the eurozone and banks.

But thanks to the launch of the funding for lending scheme mortgage lenders continue to offer record breaking rates as cheap money filters through. Read more

What Improvements Add Value When Selling a Property?

What Improvements Add Value When Selling a Property?

With buyers still in short supply these days a few careful improvements could attract the few that are still around.

It seems then that most home improvements will add some value, but the cleverest will reap rewards in relation to outlay. Read more

House Sale Fall Throughs…..

House Sale Fall Throughs…..

It appears that one of the most worrying elements of buying and selling a house is the concern that the whole thing might fall through.

A sales fall through can be very frustrating when a seller thinks they are well on the road to moving and then their hopes are dashed. This is particularly annoying when it happens at the last minute! Read more

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