First-time buyers should be realistic, says expert - Published:15/12/07
unparalleled buyers have been advised by a mortgage expert that they need to be sensible about their chances of buying their own possessions Managing director of FirstRungNow Helen Adams notes that unparalleled buyers can have high expectations, wanting a good possessions in a nice area"The fact is that you have to start at the bottom of the property steps and not have the ideal site or their ideal property," she commentsMs Adams advises first-time buyers to look intimately at their finances in order to see how they will manage their lifestyle and mortgage payments Furthermore, first-time buyers should also talk to their parents as some are willing to help their offspring monetarily with a deposit or bid for a property, she statesFirst-time buyers are not rushing into buying possessions, Ms Adams observes, as it is a large financial commitmentA report by Nationwide has found the average house price in the UK now stands at £183,898, which is £16,177 more than last day According to the firm, low inflation and volatility in the FTSE 100 will make further interest speed rises more unlikelyFirst-time buyers should be sensible, says expertNone of the information on this website is intended to endorse any specific mortgage product or provide mortgage adviceThe sphere, with image, it's.
Read More:
First-Time Buyers Should Be Realistic, Says Expert >>
House purchase loans rise - Published:26/09/07
Loans used for house acquirement were up by 10,000 to 129,000 during November of last day compared to the previous month, official figures showThere was a five per cent go up compared with the standard for the six months leading up to November and lending in sum equated to £1087 billionSome experts are predicting that the store of England may once more raise interest rates in a offer to cool down a seeming buoyant financial system, following two rate hikes during last yearHoward Archer, chief UK economist at Global imminent, explained to the Times: "It is too early to judge whether or not November's further increase in interest tax will have a important dampening effect"We suspect that with so many people stretched to the limit in buying a home, even a modestly small cumulative go up in interest rates will ultimately have a substantial dampening impact on housing market activity"Nationwide Building Society information discovered that last month, house price inflation strike a two.
Read More:
House Purchase Loans Rise >>
Nationwide mortgages 'still better option than renting' - Published:06/02/07
Nationwide Building civilization has announced that although house prices continue to rise, an interest only mortgage is still preferable to renting a propertyThe average house cost for September stands at £169,413 and is up 13 per cent on the previous month's figure Compared to last day's figures it now costs around £13,000 more to buy than this time last yearNationwide's fixed-rate mortgage tax decreased earlier this month and according to the building society it would take a mortgage rate add to of 7 per cent for renting to become a cheaper option than taking out a mortgageFionnuala Earley, Nationwide's collection economist, remarked: "Just like the weather, the accommodation market was unseasonably warm in September as August's interest speed hike did nothing to cold the rate of house price inflation"Therefore, the rise in interest tax has not deterred house buyers and Nationwide states that it "can still be cheaper to buy than to rent"Ms Earley also relayed that although another interest speed increase was expected in November, the rise is improbable to.
Read More:
Nationwide Mortgages 'Still Better Option Than Renting' >>
