For the first time since 1993 leading lenders are offering Negative Equity mortgages, mortgage providers including Halifax, Lloyds and Cheltenham and Gloucester have decided to offer plans even for those whose property is not now worth what they owe.
Up to 20% of property prices have been wiped since 2007, with certain rural areas and new build properties especially effected. With people still desiring to move, and retaining some sort of confidence in the market rising, the embattled property market is haveing to go back on some of their new promises made just a few months ago regarding lending and integrity of finance.
With mortgage approvals down 25% lenders are only too happy to take the risk on Negative Equity plans to recoup some of their losses.
Posted in General January 31st, 2011 by Kenny | No comments
With UK house prices fairly static at the present time and you may be considering what you should be doing in terms of property more and more people are putting money and time into some well considered home improvements, a few updates, additions and a few problem solving touches from the preson who knows the property best! House Price Spy recommends considering a hours spent while the market recovers in 2011.
A store that always has loads of deals and bargains is Tooled Up , hundreds of leading brands including: Bosch, Black & Decker, Dremel, Stanley Tools and Sealey amongst others.
Tooled Up has a clearance section with up to 65% off the usual list price!
Visit Tooled Up for great value on tools, fixtures and fittings!
Posted in General January 24th, 2011 by Kenny | No comments
After several months of doom and gloom it seems some confidence is returning to the UK property market and in the months to come there should be a trickle down effect to house prices in your area. The asking prices of UK properties is rising, prices rose by 0.3% this month although this is half what the rise was this time last year. Many experts are predicting that this modest rise will be most sustainable and lead to a medium term recovery.
Property builders Bovis and Barratt have also reported a rise in sales although projected new projects are down. The number of vacant properties in the UK has fallen for the first time in 3 years to 295,000 from 315,000.
You can keep right up to date with property prices, news and advice for free at House Price Spy!
Posted in General January 17th, 2011 by Kenny | No comments
House Price Spy gives you access to a vast wealth of property information all for free! Free house prices for every house sold since the year 2000 in England, Scotland and Wales provided free with easy tools to compare and contrast then in any way you want using easy to use and view graphs and statistics! The website also provides property news and advice plus offers and deals for anything related to selling, buying or owning property in the UK.
All this is provided for free, one free sign up is required which takes just a few seconds! If you are moving, need a valuation or are just interested in what a specific propertyt is worth on the 2011 market then this will be site you will return to again and again.
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Posted in General January 10th, 2011 by Kenny | No comments
With 2010 to be remembered more for terrible weather, battling unemployment, a change in government and a fall in house prices what can we expect for 2011?
House prices are expected to fall further during 2011 but start a recovery by this time next year according to the Royal Institution of Chartered Surveyors, the lack of new properties being built and in the stagnation construction market will see balance out the the lack of available finance but consumer confidence is not predicted to return within a year.
US house prices are rising with a 0.7% rise in the last month but less established markets like Dubai are sliding by 3% per month,.
All the gains that brought the market back to life have basically been lost during the second half of 2010 so its hard to predict where they are going on the medium term, the feel good factor has well a truly been snuffed out by cuts, loss of pensions and rising prices and before prices rise mortgage approvals have to rise with more finance provided.
Posted in News January 3rd, 2011 by Kenny | No comments
The House Price Spy team is off on holiday for a few days, hopefully you will have a great festive period 2010 and of course into 2011!
More to come in 2011 dont worry!
Posted in General January 1st, 2011 by Kenny | No comments
