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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Sell property quickly
Property owners looking to sell property quickly may be interested to hear that rising unemployment and increased pressure on household budgets could lead to more repossessions in 2012.
That is according to the latest forecast from the Council of Mortgage Lenders, which revealed 45,000 homes could be repossessed during the year, up 20 per cent on the estimated 37,000 in 2011.
Property sales and total mortgage lending figures are also expected to fall, the organisation added.
CML chief economist Bob Pannell commented: “We foresee a deterioration in the number of borrowers behind on their mortgages, and a more difficult and protracted period of adjustment for households seeking to reorder their finances.”
December 21, 2011 at 8:00 am | Uncategorized |
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Selling houses quickly
Property owners investigating how best to go about selling houses quickly may be interested to hear that tighter property market regulations from the Financial Services Authority will benefit mortgage customers.
That is according to the Association of Mortgage Intermediaries, which suggested it is glad the regulator has taken steps to prevent borrowers taking on more debt than they can afford to repay.
AMI director Robert Sinclair said one of the planks of the proposals, which involves making mortgage advice a requirement for all interactive sales unless the customer rejects the offer of advice, will offer “significant benefits” for consumers.
He added: “Buying a house is a substantial financial undertaking, and we have long argued that providing consumers with expert advice is a process that cannot be left to chance. The MMR’s proposals will ensure many more consumers are given the support and guidance they need to make better and more informed decisions.”
December 19, 2011 at 12:04 pm | Uncategorized |
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Sell your house fast
Hoping to sell your house fast
? If so, you may be interested to hear that the UK housing market will continue to stagnate next year.
That is according to Halifax building society, which suggested prices will remain stable in 2012, estimating movement of between two per cent and minus two per cent.
Martin Ellis, Halifax’s housing economist, said the figures are encouraging news for the property market.
“Overall, we expect continuing broad stability in house prices nationally during 2012. Prices are again likely to end the year at levels close to where they begin with the market continuing to lack any real direction,” he added.
December 19, 2011 at 11:58 am | Uncategorized |
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Sell house quick
Homeowners looking for a company to help them sell house quick could be interested to hear that next year will be an “uncertain and fragmented” time for the UK housing market.
That is according to listings website Rightmove, which revealed 2011 ended with a 2.7 per cent drop in average asking prices.
It added that asking prices should rise by two per cent next year, but there will be an expected 1.2 million new sellers, down by around a third on 2007 pre-credit crunch levels.
Rightmove director Miles Shipside suggested the fate of the eurozone could also have a significant impact on the property market next year.
He said: “It’s like a high-speed train running along a damaged track, but could the bumps be so severe as to cause another Lehman Brothers-style derailment of the property market?”
December 19, 2011 at 11:54 am | Uncategorized |
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Selling house quickly
Looking for a company that specialises in selling house quickly? If the answer is yes, you may be interested to hear house prices fell by 0.9 per cent across the UK in November 2011.
This is according to the latest Halifax house prices survey and follows a rise of 1.2 per cent in October.
The report went on to state that the average home is now worth £161,731, down one per cent compared with last November.
In addition, it added, the underlying trend is downward, with November marking the third fall in the past four months.
Halifax housing economist Martin Ellis commented: “The UK average price now is only marginally lower than at the end of 2010. In addition, activity has recently shown a few signs of strengthening a little.”
He continued: “We expect the market to remain broadly unchanged in terms of both prices and sales over the coming few months as demand and supply conditions alter little.”
December 19, 2011 at 11:42 am | Uncategorized |
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