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.
So her we are at the beginning of another year where for some of us last year is best discarded into the bin-or is it.
Here we are again and I am trying to get you to seriously think about the clients or customers that you have or want.
So yet again we find ourselves in the middle of a squabble between the political elite in the lead up to the General Election when they all attempt to outbid each other in order to attract our votes.
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.
Before I consider the question, I think it is important that we understand exactly why the Government wanted to bring in reforms to the property market and, in order to do this, we must travel back in time – nearly 10 years – when the property market was very buoyant and some unscrupulous sellers were increasing the prices of their properties just before exchange of contracts (gazumping). It was considered that doing something about this practice may make the government of the day popular, however, it was soon discovered that gazumping was only affecting 2% or less of the market. This clearly resulted in a re-think and it was suggested that, because a number of properties fall through just prior to exchange, there were considerable abortive fees incurred, payable to the lawyers and, therefore, that something had to be done
Well over the weekend yet more negative news from the media regarding the UK Property Market and in particular the London Property Market where it is stated as factual that prices are still dropping. While it may be true overall it is not true when looking in some areas of London where prices are stable.
Well today it’s Bank Holiday so I think it’s appropriate to discuss what the media and the lending institutions have said since I last wrote .
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