If you are a first time buyer, you can experience a lot of difficulty in getting a mortgage loan. This is because the UK housing market is not in a very good shape at present and indulging in quick house sale may not be all that easier for you.

The ratio between the earnings and house price has risen remarkably and on top of that, the banks are no longer offering generous mortgages. This was not the case earlier. In the past, the banks offered a lot of benefits such as 100% mortgages and self certification because of which consumers could easily benefit from quick house sale. But, now, a first time buyer does not have these privileges.

On wednesday we spoke about the impact of the PM’s Social Housing reform plans and how they have been criticised by some as a move that could leave many vulnerable citizens worse off. Now, we’re no experts on this but we reckon it’s worth finding out more about the scheme if it’s going to effect the lives of people trying to live in or sell a house – if you fancy it, you can read a great article about it in the Independent, check it out…

Great news, those thinking “I’d like to sell my house fast” will be pleased to know house prices rose again in June according to Nationwide building society figures, the rise comes after a 0.5% increase in May and puts the average UK property at just over £170,000. These figures contradict the Government research which puts the average house price at £207,000 but as we know, these surveys always offer different results.

The Government figures put inflation at 10.1% however Nationwide’s findings suggest a percentile closer to 8.3%, the building society also shows prices have risen by 3% since the start of the year. As for reasons behind the findings, Nationwide say the increase in prices is down to the rise in the number of properties on the market after the suspension of Home Information Packs (HIPs).