Those who don’t sell home fast are facing house moving costs 69% higher than in the 1990’s
Recent statistics available from Lloyds TSB show that the average cost of homeowners moving to a new property currently stands at £8,922 which is a staggering 69 percent higher than homeowner’s moving costs merely a decade ago.
In fact homeowners, unable to sell home fast are facing costly moving fees which have risen at a quicker rate than house prices in the last 10 years.
The largest bill in moving costs are estate agents’ fees which have always remained the most expensive single component equating to 38 percent of the total cost with stamp duty equating to 21 percent of the total bill.
February 6, 2012 at 5:42 pm | Debt, Inherited Property, Quick House Sale, Sell My House Fast, Stop Repossession |
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To those who choose not to sell home quick in certain areas of UK are facing house moving costs 132% higher than 10 years ago
The real cost to homeowners moving house within the SE of the country has risen by 132 percent within the past decade. For homeowners unable to find another method to sell home quick the cost to move house in London alone rose to 127 percent in 2011 whilst Northern Ireland saw a 24 percent rise.
Housing economist Suren Thiru, for Lloyds TSB, commented: “With the costs associated with completing a home move in the UK rising substantially over the past decade, the task for those looking to move home has undoubtedly become more challenging. The significant rise in home moving costs is particularly concerning at a time when demand in the UK housing market is weak.”
February 6, 2012 at 5:41 pm | Debt, Inherited Property, Quick House Sale, Sell House Quickly, Sell My House Fast, Stop Repossession |
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Quick house sale
Homeowners looking for a quick house sale may be interested to hear that the proportion of people owning their own home may never return to its pre-recession peak.
That is the opinion of David Miles, a member of the Bank of England’s Monetary Policy Committee, who also told a conference in York that typical first-time buyers could soon be in their forties.
Mr Miles went on to suggest that the housing market has been transformed since the 2007 crash, adding that the changes may be a good thing in the longer term.
“I do not believe that the housing market and the mortgage market will get back to where we were in the years leading up to the crisis. I also do not think we should regret that,” he said.
December 3, 2011 at 9:00 am | Quick House Sale, Sell House Fast, Sell House Quickly, Sell My House Fast |
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Quick house sale
Unemployment in the UK rose by 129,000 in the three months to September, according to the latest official figures, a statistic which may mean more people are looking for a quick house sale.
Employment Minister Chris Grayling said the figures showed the significance of the eurozone crisis for the British economy.
He added: “Our European partners must take urgent action to stabilise the position.”
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December 2, 2011 at 9:00 am | Quick House Sale, Sell House Fast, Sell House Quickly, Sell My House Fast |
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Buy my house
A leading think tank has cast doubt on the government’s plans to boost the housing market.
According to Policy Exchange, encouraging greater levels of lending will not solve the key problem of prices being too high.
“The real problem today is not the high mortgage required but the high cost of housing in the first place,” senior research fellow for housing and planning at the organisation Alex Morton suggested.
He added: “The key isn’t demand but supply. We’ve built fewer and fewer homes despite higher immigration and, much more importantly, older people are living for decades in large family homes.”
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December 1, 2011 at 9:00 am | Quick House Sale, Sell House Fast, Sell House Quickly, Sell My House Fast |
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Sell my house quick
Prime minister David Cameron has hailed his government’s new housing market strategy, claiming it will boost the fortunes of first-time buyers.
As part of the new programme of reforms, a new mortgage guarantee scheme could encourage lenders to offer 95 per cent mortgages to buyers of new properties, a move Mr Cameron believes should kickstart renewed economic activity.
“When first-time buyers on a good salary cannot get a reasonable mortgage, the whole market grinds to a halt,” he said. “And that ricochets around the economy, affecting builders, retailers, plumbers – all the people that depend on a housing market that is moving.
Mr Cameron add: “If we don’t do something like this we are not going to get this vital market moving. We will restart the housing market and get Britain building again.”
If can’t wait for these reforms to kick in and you’re thinking ‘how do I sell my house quick‘, why not call us on 0800 612 8770 and we’ll take the worry out of offloading your property.
November 30, 2011 at 9:00 am | Quick House Sale, Sell House Fast, Sell House Quickly, Sell My House Fast |
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