So listening to the Media on the Television , In the Newspapers and on the radio it seems that many people are concerned about the future of the property market.
I was reading in the paper recently that while the General Election is still months away the effect of published Party policies is having an adverse effect on the Housing Market-the advice appears to be Sell Now.
It has been interesting listening to the news recently and it is becoming clear that the politicians are targetting the property industry for the shortfall in revenues it is making through direct taxation.
I was recently asked by a customer a series of questions regarding buying to let a UK property and, with this blog, I hope that I will be able to answer many of the questions that concern potential investors about this particular market.
Well good afternoon everyone. The time has come for me to start answering some of the questions I am getting asked by clients and others relating to the process of buying and selling in the UK Property Market.
Good Afternoon Everyone. Today I thought I would talk about the Buy to Let market and in particular answer the following three questions:-1. To buy or not to buy?2. To sell or not to sell?3. What are the risks?A Buy to Let property is normally a UK property being purchased usually with the aid of a mortgage to be let at a monthly rent following completion to individuals or companies on a monthly rent.If you listen to the media, be it television, radio or newspapers, you will be hearing that the property market is in free fall and prices are therefore dropping.In the light of these predictions, it is important to understand why you may wish to purchase the property and what are the advantages.The first point to recognise is that entering into the Buy to Let market cannot be
Afternoon. I have had a hectic day spent mostly discussing with banks and clients as to the effect of the Home Information Pack, Northern Rock and the credit crunch on the property market.I have explained to them that in fact the information being provided in the media is unhelpful and misleading since it takes no account of the facts.The imposition of HIPs onto sellers has undoubtedly created an unwillingness by UK property owners to put their houses on the market speculatively in the hope of being able to purchase another property. The reality regarding the fall in property prices is again designed to worry potential sellers since the increase in value they have never received and the consequent reduction in it’s perceived value will have also affected the property that they may be proposing to purchase.The reality regarding the mortgage