House Price Spy Blog

First off Happy Christmas hope you had a good time yesterday! 2011 is almost over and I think its fair to say its one we will remember, not always for the good stuff! Prices have fallen or just stalled and all the optimism of this time last year is just a distant memory, manny were predicting some sort of recovery by the summer rather than a deepening crisis which has been increased by the Eurozone, strikes, cuts, riots and some more bad weather. Many sectors of the country have falled back to 2007 prices while the cost of living is still rising.

Have the BOE and government got it right? Is it just just a global problem we have to do our best with? The mortgage base rate is still 0.5% which has put a different spin on things for anyone with a mortgage and recent comments made by the Bank Of England dont point to any change anytime soon. More money for small businesses is promised, but we will need to see how that ends up.

Well it looks like everything rolls over into 2012, all our expectations and hopes. As I said this time last year many are predicting a recovery and rising prices by the summer with confidence returning, the number of sales has been rising all year and in certain areas has been gradually rising, people are no longer holding out for the good times, few new houses are being built. Its fair to say that it will need something outside the market to spark a rise in prices across the board.

Join up for free and get local information and house price information House Price Spy

The FSA will today announce new measures to end self cert mortgages and make getting a mortgage through a broker that much more difficult by requiring them to be more rigourous about their client providing details of how they will make payments and where the money will be coming from to stop borrowers lying about their earnings. 1 in 40 people current mortgage holders could be affected.

There are two sides to this story of course, is this a good time to introduce this legislation? With billions being spend on first time buyers shouldnt established mortgage holder get preference? While its good the FSA are getting tough on lenders and preventing people borrowing beyond their means, why are 90% or 100% mortgtages still on the market for people willing to pay the extra interest?

Are they targeting the right people? Surely on reliable mortgage products from people with a proven credit history and sizable deposit things should be made easier than more difficult!

There are more special offers for householders at House Price Spy! We could all do with saving a few pounds at this time of year and under the current climate, with bills going up, wages on hold and prices in the shops costing more very week it pays not to pay any more than you have to around the house! Its can be easy to settle for what you know rather than seeing what you can save!

Ways to save with House Price Spy:

House Price Spy Mortgage Deals – Save loads each month on an amazing mortgage and re-mortgage deal.

House Price Spy Cheaper Energy – Compare and save, drive down the cost of gas, electric and eco fuel.

House Price Spy Broadband – Get a better service for less, high speed quality broadband and phone package.

The average asking price for a property in the UK is holding on despite rising prices in the shops, financial meltdown in the UK and the end to any feel good factor which we felt at the start of the year. I think with your savings worth less than ever and all sorts of possible ramifications about the EU bailout and govenment cuts, people are recognising that your home is one of the safest investments you will make, bricks and mortar are once again more important than money in the bank.

Market research conducted in the last few months indicates that around two thirds of home owners in the UK refuse to believe thnat prices will go down and refuse to lower asking prices, middle bracket earners are still staying out of the mire of uncertainty which effects lower earners who struggle to get mortgage finance and suffer from job insecurity, while this lasts the country will hovver above recession.

Get your free membership of House Price Spy now!