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Posts Tagged ‘Sell My House Fast’

Mortgage Lending Remains Low, Post Budget

Wednesday, June 23rd, 2010

The Council of Mortgage Lenders (CML) has said UK mortgage lending remains subdued after the budget announcement last week. Despite the lack of noticable growth, the number of new home loans rose by 7% in month on month in May to £11.3bn.

The reasons for the stuttering mortgage market can be blamed on higher taxes and public spending cuts said the CML, commenting on the situation CML economist Paul Samter said: “The market will inevitably be affected by how policy impacts on the wider economy – particularly on household finances and confidence.” Whether the market will pick up will depend on whether lenders relax their restrictions on deposits from first time buyers, unlikely for some time.

Garden Grabbing On The Agenda

Wednesday, May 26th, 2010

Any idea what garden grabbing is? It’s a phenomenon brought on by the last Labour Government and it’s one that’s got a lot of people shouting ‘not in my back yard’. Garden grabbing as it’s been nicknamed is the purchasing of urban garden space by developers for the use of new housing plots. Back in 1997, 1 in ten gardens were grabbed by developers, now that figure sits at 1 in 4.

The whole situation came about in 2000 when the then Home Secretary, John Prescott, encouraged the use of brownfield sites for new housing developments. For the last 20 years garden space has been classified as ‘brownfield sites’ which is the same classification as old railway lines and disused factories. But now, the new Conservative Government is pledging to revert garden space back to a ‘greenfield’ designation, meaning urban home owners can breathe a sigh of relief, unless they needed the money from a land sale.

Conveyancing Solicitors Wait For Resurgence Of Housing Market

Friday, May 21st, 2010

If you are looking to make a quick house sale fearing a sudden decline in prices, it is best advised you hold off. This is because although prices may be down right now, it is only because this is a common occurrence after elections.

The property market and conveyancing solicitors too are keenly watching what happens with the new government once it settles in so prices have dipped. Even though experts state the market will be stagnant for the rest of the year, if you hold off on selling your house, prices will certainly rise above the present levels. It is all a matter of a little patience.

If You Need A Quick House Sale London Is Your Best Bet

Monday, May 17th, 2010

It is true that the UK housing market is going through a crisis and if you are contemplating any kind of transaction related to this market at the moment, it would not be a wise thing to do. Moreover, if you are a first time buyer, things can get extremely difficult for you.

The reason behind this is the uneven ratio between the price of houses and the earnings. Earlier, the banks usually came to the rescue of first-time buyers in such a scenario by offering them lucrative mortgages. However, the situation has completely changed now and if you’re looking for a quick house sale London is your best bet, everywhere else it seems like a distant dream. The crunch in the economy has taken its toll and the worst affected are first-time buyers.

Is A Quick House Sale A Reality In The Current Housing Market?

Friday, May 14th, 2010

The paucity of mortgage finance is surely the most dominant factor in the diminishing demand for property and housing. Any survey will indicate that mortgage approvals have hit rock bottom and its repercussions can surely be felt in the housing market. Earlier, the situation was quite different. The mortgage lenders employed several lucrative means to ‘woo’ customers.

These included hundred percent mortgages and multiple ones with high income. Obviously, these facilitated quick house sale. But, after the recent credit crunch, the banks have become wary of lending mortgage and as a result, the buyers are facing a tough time getting a suitable mortgage especially the first timers.

The Reasons For The Fall Of The Fast House Sale

Wednesday, May 12th, 2010

The current fall in the UK housing market can be attributed to a variety of reasons. One of them is that raising funds is proving to be a real problem for most banks from the market. As a result, they lack the funds for the purpose. Moreover, they are no longer considering the housing market as a lucrative proposition which was not the case earlier.

Their enthusiasm has indeed taken a beating and the results are there to see for everyone. They do not want to take risks and are playing it very safe by lending money to safe buyers only. Therefore, if you are looking for some fast house sale opportunities, it is better to play the waiting game for some time till the market once again bounces back.

Need A Quick House Sale? It May Well Be The Future Of UK Housing Market

Monday, May 10th, 2010

In spite of the UK housing market going through a bleak period, there are some interesting things to look forward to in the future. There is no doubt about the fact that there is a constant demand for houses in the UK market.

However, the problem is that the property developers are suffering from a real cash crunch as a result of which their projects have been put on the backburner. This means you can expect the house prices to go up by few notches since the demand is far more than supply. But, you can always expect the situation to improve and if you need a quick house sale then opportunities may well aris accordingly.

Thinking: ‘I Want To Sell My House Fast’? You Could Be In Luck

Friday, May 7th, 2010

Prices of houses in the UK historically show a fall right after general elections. So if you know someone who is thinking: ‘I want to sell my house fast‘, then now is the time to snap up that piece of property.

People tend to want to sell off their houses if they are moving to a different part of the country or even to another part of the world to seek greener pastures. Prices now appear to have fallen so this is the time to take advantage if you are looking to buy a house. For the rest of the year, analysts say prices will remain fairly flat.

How America Is Affecting The UK Housing Market

Wednesday, April 28th, 2010

Financial specialists are worried about the fact that the current economic situation in the US will continue to have a big impact on the UK housing market. Due to recession in The US, first timen home buyers are not able to get mortgages due to the reduced approval rates meaning the ‘we buy any house‘ companies are stepping in to offer home-sellers a much needed sale.

One of the greatest of difficulties that first time buyers have to face is that many financial institutions and banks have cut the maximum lending amount and many of them have also increased the rates of tracker mortgages. This condition has been made horrendous for those people who are just climbing on the property ladder because the rate of interest is very high and properties displayed are very few.

When Will The Housing Market Pick Up?

Friday, April 23rd, 2010

The global economy is still looking very shakey and the UK housing market is in a stagnant state filled with lots of troubles. Many experts feel that the economic downturn and resulting affect on the market was simply caused by greed. Whatever the reason, many insiders are anticipating that things will get better soon and the market will bounce back again.

Financial analysts feel that the condition will get better when banks will start lending money again. But to do so they must offer products to people which are affordable and will also be suitable for their current needs. As well as cash flow, in order to turn the situation of the housing market, the confidence of customers must also be addressed.