The UK Housing Market

The amount by which sellers have slashed their prices expectations has risen significantly over the past year.
Current data shows that over 40% of all UK property on sale in Britain at the moment has been reduced in price at least once.
It seems according to recent research that approximately two out of every five UK properties [...]

The housing market at the current time is showing a general ‘lack of direction’ according to some experts.
According to the Halifax house price rose in October 2011 for the first time in 3 months after mortgage costs fell to record lows.
House prices increased by 1.2%, but the lender warned that it was a highly mixed [...]

Almost everything to do with the property market is a huge problem at the moment!
The housing market is ‘lacking genuine direction’ because a squeeze on finance is chocking demand, according to mortgage lender Halifax.
The Council of Mortgage Lenders (CML) also says “we agree that there appears to be no clear trajectory for house prices at [...]

Many believe that estate agents are partly to blame for the low activity in the property market. With their listings at the lowest levels for decades, many have pitched prices to prospective vendors that are far too high in the current climate. However vendors are not totally blameless.
Estate agents have now come unstuck, their transaction [...]

The UK housing market has witnessed months of relatively low activity. Figures from the HM Revenue and customs show that approximately 10,000 fewer homes were sold in July 2011 than in the same month last year.
The Halifax’s latest report on the property market shows it is ‘lacking direction’ at the current time.

There were only 43,000 or so mortgages approved in February 2011, way down from the 80,000 or so that are seen to be required for a stable housing market.
First time buyer’s campaign website pricedout.co.uk suggested that “conditions were leading to a wider gap between home owners and prospective buyers”.

Figures from the land registry show that sales of homes have plunged by up to 20% over the past year.
House prices are plunging at a rapid rate across Britain and as a result many face the financial heartache of being ‘trapped’ on expensive mortgage rates in their homes.

Massive drops in house prices now means that negative equity is a problem affecting hundreds and thousands of people, especially those who bought their homes at the peak of the property boom in 2006 to 2007.
When the credit crunch hit banks and building societies withdrew many of their mortgages and then introduced much tougher lending [...]

In the current climate rentals are at an all time high, property values however do not follow the same trend. There are widening regional gaps developing in property valuations.
The divide in the property market is particularly prominent between London and the north of England, where the gap is widening rapidly.

House prices fell 0.6 percent in August, this more than reversed July’s rise and surprised economists who expected them to stay flat.
Nationwides chief economist, Martin Gahbauer suggests that; “the three months rate of change fell from 1.2% in July to 0% in August, suggesting that house prices have essentially stagnated over the summer.

The only thing anyone can be certain of in theses hard times is that we all have an uncertain financial future.
Although many aspects of the property and mortgage market have been seemingly encouraging in recent months, with Barclays for one relaunching into 90% loan to value (LTV) mortgages and the Nationwide also improving their availability [...]

There is no doubt in anyone’s mind that the economic climate was and still is difficult, however consumers are generally more upbeat today than they were back in 2008.
Rock bottom interest rates enabled mortgage lenders to offer some of the best deals ever.
Research has shown that while the housing market is undergoing a difficult time [...]

Many brokers reckon that interest only mortgages will now struggle to make a comeback.
Interest only mortgages are becoming an endangered species as the Financial Services Authority (FSA) views them as being much riskier than repayment loans.
The Financial Service Authority (FSA) has warned that home buyers who takeout interest only mortgages are storing up problems for [...]

If a borrower lies on a mortgage application form, even tiny white lies, it constitutes as mortgage fraud.
Fraud typically involves potential borrowers inflating their employment prospects or finances or not disclosing previous addresses in a bid to conceal an adverse credit history.

Mortgages are the key to the property market, the vast majority of buyers can not purchase a property with out one!
Lending responsibly has never been more important as the market remains challenging, with household incomes ever more squeezed. Therefore lenders are actively trying to help consumers both by conventional means and by new options, such [...]

David Miles, a leading financial expert, has said he understood that “most people put great value on having a home but many will have to bury their dreams”.
A study has revealed that millions of families will have to save for more than 30 years to raise the deposit required to enable them to get on [...]

The number of people making enquires about buying a house has increased for the third month in a row in November 2011.
The Royal Institution of chartered Surveyors (RICS) has suggested that this is the first time since spring 2010 that the housing market has ‘enjoyed’ such an extended period of demand.

Buying a home is a huge financial commitment and it becomes a more daunting task if it is the first home that one is buying.

Once anyone has decided on buying a property it is time to start to think about how much they can afford. On top of the cost of a property there are [...]

Selling a property is one of the biggest and most important transactions anyone will make. People have different reasons for selling, from disposing of an investment property to simply moving home.

The property boom has long since burst and has now been replaced with a housing market that has taken a severe battering.
Buying a house in today’s current economic climate is a difficult challenge. The latest data reveals that while the costs of deposits have increased tenfold in the last 20 years, household incomes have only [...]