Your not the only one, the Council of Mortgage Lending expects that for the next seven years the UK public will struggle to cope with the years of excessive boom. The final results will depend on several variables including the usual suspects of interest rates, unemployment, and the general condition of the economy.
The Council of Mortgage Lending is predicting that the number of mortgagees in arrears will top the 200,000 market this year. With many of the most respected property and banking pundits expecting to see interest rates rise in the short to medium term, the recent gains in property prices may soon be eliminated.
February 19, 2010
Difficulty paying your mortgage?
February 14, 2010
Cash waiting for property finders
Professional Referral Scheme
Introduction
Amber Valley Homes Ltd is a property trading company operating in the Amber Valley area of Derbyshire. We source property for development and onward sale or letting.
We pay a £1000 finder’s fee for all deals which proceed to completion. However, we also have a Professional Referral Scheme suitable for an individual or organisation who is in a position to source multiple deals for us.
Professional Referral Scheme (PRS)
Individuals and organisations registered with us under PRS receive a finder’s fee of £1000 for the first deal that proceeds to completion. The fee then steps up as follows, on a rolling basis based on the number of completed deals sourced within the previous 12 months:-
0 deals £1000
1 deal £1100
2 deals £1200
3 deals £1300
4 deals £1400
5 deals £1500
So, an individual who brought us a deal approximately every 2 months would receive a £1500 finder’s fee per deal on an ongoing basis, £9000 per year in total. For further information go to www.ambervalleyhomes.co.uk
February 7, 2010
January 27, 2010
Profit from property investment
We have never had it so good! Well almost, recent data on the total performance of returns from property has shown that in the last quarter of 2009 total returns from property leapt to 10%. Just let me repeat that property returns 10%, considering where interest rates are there are not many investors who will complain about returns of 10%. The data showed that it was in fact the second highest rise since 1978. Yes that’s right property is performing at its near best since 1978!
Well that is the positive news, of course the usual caveats apply, it only reflexes one quarter’s results so over the more medium term the figures could show a very different picture. With rumours of no double dip being whispered in the city many will start to look for new doom and interest rates are a fare bet.
The increase in the Bank of England’s base rate will of course have a pretty devastating affect on the fragile UK property market. So this time next year what will we are saying about the decisions on interest rates that are the discussion of many back offices in the city?
January 26, 2010
How will the end of UK recession affect house prices?
So today’s the day many have longed for and many have look forward to for as long as they can remember, well at least since 2007. Will we see more estate agents windows appearing in the gaping holes left from the many retailers that have gone into administration? Will your old high street Woolworths be the next Estate Solutions?
Well one thing’s for sure the UK housing market is driven by sentiment and there will be a new sense of positive sentiment now the recession is now in retreat.
December 29, 2009
Increases in Boxing Day footfalls, retailer’s takings, and commercial property values?
Many UK shopping centers have reported greatly increased foot traffic through their doors in the recent few days of the post Christmas traditional high street sales. It is estimated that over half a million shoppers passed through the doors of the Bullring. It seems that the green shoots of the UK economy are inching ever higher. It appears that optimism has turned into positive sentiment in turn that’s has become consumer confidence which will, given time flower into retailers profits and ultimately increased rental yields and increased capital values for commercial property.
It seems that those brave and canny investors that started to “call the bottom”, of the commercial property market will look forward to healthy returns to reward their wise judgment. Will this blog be reporting the same of residential property investors in the short term?
December 27, 2009
Recovery in the UK economy tied to recovery in UK property market
There is no doubt that the UK public has a long love affair with home ownership, much higher than that of their European counterparts. The issue for the UK has been the close link between the UK property market and the UK economy.
The chancellor now has the unenviable task of balancing the needs of the wider economy with the needs of the UK property market which is so closely linked to the UK economy and interest rates. With interest rates at such historic lows there is a danger of runaway inflation, but making things a little easier for Mr. Darling or his replacement is the tight lending criteria. This should have the effect of keeping house price inflation to a slower and more stainable level during a more organic UK property market recovery.
December 25, 2009
December 20, 2009
New property developments put the brakes on House price growth
The speed of UK house price growth has started to slow, which is a healthy adjustment and it is the traditional season of a slower market. With many property developers starting to come back to the market, will the completion of new property developments next year lead to the increased supply that both agents and buyers long for? Well only time will tell, but it does seem reasonable to assume that after a pretty sharp adjustment 2010 will be the year that some normality returns to the UK residential housing market.
December 19, 2009
Commercial property ends the year exceeding expectations
The commercial property yield for 2009 has exceeded many property investors and developers expectations with a broad average yield for the combined commercial sectors exceeding 3%.
This also means a raft of more bullish forecasts from many property consultants, many are predicting 2010 will see commercial property yields rise above 5% and are becoming more confident with market conditions. The whisper of the bottom of the UK commercial property market may still have some time before it becomes a war cry for investors rushing into the sector, but the whisper has defiantly turned into many audible rumors of serious acquisitions and deals.