There’s blood on the streets of Britain’s housing market. Five successive interest-rate rises have gouged deep wounds, but the coup de grâce could be yet to come – an estimated 2m people on fixed-rate mortgages will have to take out new loans at higher rates within the next 12 months, sending their monthly payments soaring ...
The headline that so many Londoners it is said have been waiting to see has at last appeared. The agent that everyone likes to hate has battled with an unenviable image since it was set up 25 years ago and founder Jon Hunts’ competitors were the most vocal in their rage at his success. To ...
The credit crunch is already pushing up costs for new borrowers and for anyone coming off a fixed rate product. By Christmas, it’s possible that we will see the equivalent of a full percentage point increase in mortgage costs when compared with 1st August. Around 8% of consumer spending in the UK in recent years has come ...
We’ve all heard about high property prices in London. People are often concerned that higher borrowing costs might be a problem and the current LIBOR rate (the interest rate that banks charge each other when they lend money between themselves) of 6.88% means that in fact rates for new borrowers are highly likely to rise ...
One month into the program and from Monday all houses with three bedrooms or more require a Home Information Pack. About 60% of all homes coming onto the market for the first time will now be included with the remained to be included later in the year. About 500 HIPs have been done so far ...
As you will recall, the King ordered a new suit of clothes which despite it’s apparent shortcomings his loyal followers agreed was the finest they had ever seen. In London at the Buy-to-let Forum organised by industry guru John Wriglesworth, followers of the King who appear to run the controversial buy-2-let industry discussed the impact ...
As you will recall, King Canute was famous for sitting on this throne on a sandy beach and commanding the tide not to come in. I have been to London and met with followers of the King who run the now controversial buy-2-let industry. We discussed the impact of B2L on first time buyers, the ...