Sell House Fast

Quick house sales in the second half of 2009

admin — Tue, 09 Mar 2010 11:06:49 +0000

The last 12 months have been a bumpy ride for those hunting down a quick house sale. The housing market has been unpredictable but a recent survey into house sales last year saw that 61% were sold in the latter half of the year.

Facts and figures for 2009

The second part of 2009 had a huge impact on figures for property sales, which up until June were down by 37%. From July through to the end of December many sellers needed a fast house sale, which consequently led to an influx in sales and figures for the second half of the year show that house sales were up by 35%.

Selling houses quickly

There are many agents that can sell houses quickly and it certainly appears many enjoyed this service in the latter part of 2009. A variety of factors have been attributed to the rise of home owners looking to sell a house fast. Job losses were a major factor and home owners were scared of banks repossessing their homes.

2009 was an ideal time for investors to take advantage of vendors who were looking for a quick house sale. In some cases, figures show many took advantage of buy-to-let or sell and rent back schemes as a way of staying in their home. The increase of quick house sales in the latter portion of last year is a positive fact as house sales are far preferable than repossession and many benefitted from the chance to sell quickly last year.

If you are looking to sell your home fast to avoid losing your home fill out our contact form to the right and an advisor will be able to provide you with some no obligation advice.

Confidence in the UK property market is high

admin — Wed, 03 Mar 2010 12:57:22 +0000

Heron International a large European investment and property group have indicated their confidence in the UK property market. They are building The Heron, a luxury 284-apartment tower in the City of London.

The Heron will have amazing views of London and will provide stunning, suites, apartments and penthouses. There will also be a roof garden and other luxuries such as a residents’ club lounge, gym, screening room, and valet parking; a cafe/restaurant/deli will be located on the ground floor of this premier development.

The Heron is the first major residential development in the City of London for over 30 years. You can read the full story here. If you are interested in moving into this prestigious tower enquire sooner rather than later as these hot properties are going to sell fast.

Repossession in Teesside set to go up

admin — Thu, 25 Feb 2010 12:24:54 +0000

“Sell my house fast!” are the cries that you are likely to hear if you live in the Teesside area. The closure of the Corus Steelworks in Redcar looks set to have a domino effect on the people who live and work in the towns and cities that make up Teesside.

Closure – The decision to close the plant came from a boardroom 4,000 miles away in India and 1,600 workers look set to lose their jobs. As well as these employees there are also contractors who work at the plant and other businesses that survive off the business generated from Corus Steelworks.

Sell my house fast As unemployment is already high in the area and with the closure of Corus Steelworks there is no question that the numbers will rise. Some home owners will look to sell up fast, which usually lowers the asking price, but to stave off the threat of repossession this might well be an avenue that many choose to take.

Sell property for cash? The repossession rate in the Teesside area is all set for an increase but many will try to avoid repossession by selling up quickly for cash. The year has only just started and it has started poorly for many in the northeast who have relied on the steel plant for generations.

With the closure of the plant being yet another victim in the seemingly never ending recession that hit more than a year ago; repossession numbers in Teesside will unfortunately increase. However, the good news for those unfortunate enough to be caught up in the chaos, many banks and mortgage companies announced earlier this month that they are concentrating on finding other ways to help people in financial crisis’ to reduce the amount of repossessions in 2010.

If you are looking to prevent your family from loosing their home through unemployment a quick house sale could do that. Talk to Property Cashpoint we have cash buyers ready and waiting.

Home buying has peaked

admin — Wed, 24 Feb 2010 10:18:08 +0000

Britain has been a nation of home owners for half a century. But levels peaked four years ago at 71% of households, and according to a report brought out at the beginning of January, long-term private renting is set to make a comeback. It also predicts many homeowners will cash in on the equity in their homes and rent more cheaply instead.

The survey, by unbiased.co.uk, found that in 2010 as many as 2 million homeowners might sell their homes and rent instead – creating a new population of people who “sell and rent back“.

You can read the full article here.

Mortgage Lending At Low

admin — Sat, 20 Feb 2010 12:18:47 +0000

Gross mortgage lending in January fell to the lowest level in 10 years as buyers were deterred by the end of the stamp duty holiday, figures showed this week – but experts have warned that lending could decline further as banks lose government funding support.

Alternatives to sell and rent back

admin — Fri, 19 Feb 2010 17:01:32 +0000

Sell and rent back

Selling a house and then renting back from the new owner is becoming a popular way for many home owners to raise some money in their more mature years. Since July 2009, the industry has been regulated by the Financial Services Authority (FSA) to try and stop unscrupulous buyers from swindling hard-up owners out of thousands of pounds. In these types of schemes the owner has often sold the home for around 60% of the market value and then they rent it back from their new landlord. Sell to rent back schemes can also backfire when the house is immediately sold on to a landlord who will then raise rent prices and/or end up evicting the former owner; all of which is now illegal.

What else can I do?

There are other options to explore rather than sell and rent back, which could be a viable way of getting your hands on some much needed cash. Firstly look to downsize to smaller surroundings. This of course defeats the object of staying in the home that you want and is maybe a last resort. Another popular alternative that was big in the 1990s is to re-mortgage and release some equity. This does have some pitfalls like the increased monthly repayments that could end up landing you in further debt with sell to rent back options still worth looking at.

It is best to take your time and weigh up all the options available to you. Do you need to free up this money right now? How much exactly do you need? Will a loan be better for you than using a sell and rent back scheme? It is a tough world out there when you own a house and is doesn’t necessarily get any easier just because you have paid off the mortgage…

Fears of another property market crash

admin — Thu, 18 Feb 2010 12:02:15 +0000

Now might be a good time to use a sell house fast scheme.

The past 12 months in the housing market have been a rollercoaster ride that has seen the price of the average house fall and then come back from the dead and keep on rising. But as anyone will know, what goes up must come down, it is the law of gravity and in this case, selling your house fast before the prices drop again is essential. Some experts in the housing market are already predicting that the housing market will again fall and soon.

In the midst of the economic crisis, mortgage lenders had to head off cap in hand to the British Government for a loan that would see them through. The first payments of the £300b loan are due to start in 2011 and this is when we could see another crash. Some people are quick to react to any sign of a dip and they scream “sell house fast” within the first week and end up needlessly out of pocket.

House prices have been on the rise now for eight consecutive months, but we are still in the depths of a recession so how can this be happening? It stems down to lenders telling people that they will need 15% equity to move or the same in hard cash. Most of the 10 million mortgaged houses are not in a position to move so the shortness of supply in homes for sale in-turn sends the prices up. Going back to the start of this article though we have to come to the same conclusion, what goes up and an unusual rate must come falling back down again it’s just a case of when…

House Repossessions To Rise

admin — Wed, 17 Feb 2010 14:47:54 +0000

Around 46,000 homes were repossessed in 2009 many of which could possibly have been avoided with a sell house fast scheme. But according to the council of mortgage lenders we could see this figure rise by around 15% in 2010. You might ask yourself how this is possible; I thought we were out of recession?

Well, the aftermath of the economic downturn has left many people picking up the pieces so to speak. Many are still out of work with the unemployment currently sitting at around 7.8%, which equates to almost 2.5 million people. Also families who perhaps lost one household income during the recession or have recently found another job are still trying to pay back debts. As a consequence making mortgage repayments has become a problem.

Many quick house sale companies have been inundated with enquiries from worried homeowners who have fallen into arrears. Indeed, in 2009 about 190,000 people fell behind on their mortgage, this figure is predicted to rise to 205,000 in 2010. If you do have trouble paying your mortgage before you speak to a sell house fast specialist, call the national debt helpline or talk to your local Citizens Advice Bureau for more information.

Selling your property quickly can be very easy to do although you have to make sure you have investigated all other options. If you need to use to fast property sale service perhaps to downsize due to financial trouble you should try and do it sooner rather than later. According to some reports legislation could soon force banks to raise the cost of borrowing which could dramatically affect the housing market and prices. Obtaining a quick house sale in a depressed market is very difficult, especially if you are desperately trying to sell fast.

The Stamp Duty Holiday Did Work

admin — Fri, 12 Feb 2010 10:28:25 +0000

It seems if you were trying to get a quick house sale a couple of months ago you would have had more luck. In September 2008 the government decided to decrease the duty threshold down to 125K, to try and help the ailing property market. According to a report made by Academetrics there was a big increase in the number of house sales in the last 3 months of 2009.

In fact in some places where the average house price was below £175K sales went up by 10%. But predictably in more expensive areas the increase in sales was less impressive at only around 2%. For property investors who specialise in sell house fast schemes the stamp duty holiday enabled them to avoid paying stamp duty on properties below £175K, making the initial outlay far lower. However, as of January 2010 the 1% stamp duty level went back down to 125K.

Interestingly it seems people were focused on specific types of properties. These were probably studios, 1-2 bed starter homes and flats. As opposed to larger more expensive houses which actually saw a decline in sales.

If you needed to sell your house fast in Leicester, Thurrock or Staffordshire you were in luck because these areas experienced massive increases in sales of over 20% during the last quarter of 2009.

The National Association of Estate Agents and the Association of Residential Letting Agents have made repeated pleas for a re-think of the whole stamp duty system. In light of this recent report, their might now be some justification for that request.

Indeed the support for a re-evaluation of the current stamp duty system has seen industry trade bodies, such as, the Association of Mortgage Intermediaries, the Building Societies Association, and the CML combine efforts to try and persuade the government to review the system.

If you need to use a sell house fast scheme and can’t afford to wait for the next surge in demand speak to Property Cashpoint. We specialise in helping people sell their homes for cash in a matter of weeks.

Property Expenses Increase on 50yrs ago

admin — Wed, 10 Feb 2010 13:57:03 +0000

Getting a fast property sale with a better quality home may sound too good to be true but new figures recently released by the Halifax show that although houses are less affordable now than they were for eager house buyers 50 years ago, the quality of homes for sale has risen dramatically thus increasing many people’s chances of selling up fast. The lending specialists recently looked into figures regarding house prices and concluded that the last five decades have seen house prices become less affordable but what you get for your money has dramatically improved.

How to sell your house fast? – Unfortunately there is no hard and fast rule for selling your property quickly but the new figures do show that house sales are on the increase after the recent slump that the UK and the rest of the world have endured. Figures show that over the last 50 years, the prices for purchasing property in the UK has risen by 2.7% per year and this is more than the 2% yearly increase in earnings over the same period. Interestingly, the research also showed that the last decade has witnessed the largest increase and the strain is telling on the first time buyers market.

Figures show that in the 1960s, 43% of UK homes were owned by the people who lived in them but by 2008 figures had risen to 68%. The number of privately rented homes dropped from 33% down to 14% in the same period and Halifax suggest that this may be down to an increase in the number of UK students.

A fast property sale is hard work and the best way to ensure you stand a good chance of selling up fast is to use the services of a specialist company. Contact Property Cashpoint for further advice on how to sell your house fast.

Why the property market needs more regulation

admin — Wed, 10 Feb 2010 11:51:33 +0000

Here’s an interesting article about why the property market needs to be regulated more tightly.

When the property bubble collapsed, we were very pleased to see the back of property sales company Inside Track.

We always hated the way it operated – getting people to come to “free seminars” and then bulldozing them, via the promises of being a millionaire in “three years or less,” Read more…

Prices May Fall Again!

admin — Wed, 10 Feb 2010 10:47:36 +0000

If you are currently trying to sell your house fast you should think about hurrying up, because according to some experts we could be heading for another house price crash. As we all know the credit crunch was basically caused by bankers dealing in sub-prime mortgages. When less than desirable borrowers defaulted and the money dried up, this left many finance companies in a complete mess.

As a result and due to the recession many people lost their jobs as well as their homes. Sell house fast schemes were able to help some people out of debt, but we could be facing a similar problem again in the not too distant future. The government stepped in and created two schemes to help prop up lending market in the housing market.

One such entity was the Special Liquidity Scheme. The function of this scheme allowed banks to trade mortgage backed securities for Bank of England gilts. The banks could then swap the gilts for cash at very cheap rates. It has been reported that £178bn has been borrowed in this way by the banks.

The next scheme is called the Credit Guarantee Scheme. This involves the Treasury, which guarantees banks fund-raising. This resulted in another £138bn of funding for banks, which has been supplied by the UK tax payers.

The point is all of this debt has to be paid back within the next 3 years. What does this mean for the general public? Well, it will mean that many lenders will be hesitant to provide home loans, because they know they have to pay back the money borrowed.

Also in order to raise the cash to pay back the loans the banks will have to borrow more, this will probably have to be done privately, which means higher rates of borrowing for the banks and as consequence higher borrowing rates for consumers as well.

As a result the price of credit and mortgages will go up and the demand for property will go down as a consequence house prices will fall again. So if you need to use a sell house fast scheme now you may need to want to get on it sooner rather than later.

Sell and Rent Back Guidelines

admin — Sat, 06 Feb 2010 15:58:39 +0000

The FSA has announced that they want to cap rent increases in sell and rent back schemes to 15% per annum, which sounds quite a lot in my opinion. But they will not be regulating this guideline themselves and will be relying on operators within the industry to conduct affordability test. Instead they will leave it up to the Financial Ombudsman to resolve complaints made by tenants.

My problem with this new guideline is the fact that it is only a guideline, which makes it very difficult for the ombudsman to ascertain what is actually unfair. Although, if strict fixed rent increases were brought in this could strangle the industry. However, I think they should perhaps reduce the per annum rental increase from 15% to a lower level or make in line with local rental increases, so they are roughly the same as local properties.

Back in July of 2009 all operators within the sell and rent back industry had to apply for authorisation from the FSA. The FSA predicted that over 1,000 companies would apply, but in actual fact only 80 took the plunge. What does this say; well it says the industry has managed to get rid of a lot of cowboys, but also it is not as big or robust as they thought, which suggests any new regulations must be considered carefully.

Also the new regulation imposed advertising constraints, which prevents sell and rent back companies from using exploitative language and high pressure sales tactics. These include terms life “fast sale” and “mortgage rescue”. Other sell and rent back regulations include a 14 day cooling off period allowing the homeowner to take time to make a carefully considered decision.

Warning National Mortgage Shortfall!

admin — Tue, 02 Feb 2010 17:32:56 +0000

Mortgage providers are warning of a £300bn shortfall in the amount they will be able to lend which will not be filled by savers’ deposits.

Full story…

Sell and Rent Back Regulations 2010

admin — Tue, 02 Feb 2010 16:49:11 +0000

The new sell and rent back regulations have certainly given homeowners more protection. Since the Financial Services Authority started to regulate the SARB market trust in the industry has improved.

A recent sell and rent back regulation brought in provides tenants with an opportunity to rent back their home for 5 years. This will no doubt prevent less morally obliged companies from offering ridiculously short tenancies, which offer former homeowners little benefit, especially when they are facing repossession.

The SARB (sell and rent back) market is generally used by people who are trying to prevent repossession, cannot obtain credit and are facing mounting debts. In principle selling their homes and renting them back is usually the only and best option available to them at the time.

However, some companies have been criticised for taking advantage of these people when they are at their most vulnerable, often offering very short tenancies and extraordinary low purchase prices. The FSA intervened in 2009 to help protect the public from questionable practices.

Most sell and rent back company’s main objective is to acquire the property as cheap as possible and get rid of the tenant as quickly as possible so they can sell the property on. Not only are these people financially desperate, but also sometimes have strong ties to the house and the area they live in. Perhaps, they need to stay in the area because their children or the house they live in has been in the family for a long time and they have lots of family locally.

Although the new 5 year tenancy will help some individuals this still leaves landlords with the opportunity to systematically increase the rent to an unaffordable level, which would leave the tenant with no choice but to move on. Even though the new regulations do state the landlord must be able to fairly condone the rent increase, this still leaves room for ambiguity. If the new regulation is going to work a new regulation needs to be brought in to control rent levels in the sell and rent back market

Protection For Mortgage Arrears

admin — Thu, 28 Jan 2010 15:04:13 +0000

Selling houses fast is undoubtedly a specialised market and many quick house sales come in the face of repossession threats. The Financial Services Authority (FSA) have made a proposal that mortgage holders who are in arrears with their payments will receive protection in a bid to see repossession numbers drop so that fewer people will have to suffer the depressing pressure that repossession brings. Unfair charges that are brought upon anyone in arrears will also be lowered or dropped as for many, once in arrears it is impossible to climb back out due to the extra charges that are often levied.

A fast house sale is hugely beneficial to many but to others it is a situation they are forced into as late payment charge mount up at ridiculous speeds. The new rules look set to abolish this trend and will be welcomed by many. Lesley Titcomb, spokesperson for the FSA, speaks of how lenders should re-evaluate their priorities and the way they do business and stop preying on customers who fall behind with payments by inundating them with charges that are simply a way to create further profits.

Selling houses fast is a great way out of debt for many but with few people actually using the service; the amount of home owners in arrears with little chance of getting out of their situation are increasing. According to figures released in September there were 194,600 people in arrears with their mortgage payments by 2.5 per cent upwards. The aggressive treatment of some companies is ensuring that many people are unable to pay back their arrears and the FSA has cited this is a major problem that needs to be changed. The new proposed rules could see massive changes in the amount of people suffering from repossession and if implemented, they will make a difference to many.

Home Mortgage Support

admin — Wed, 27 Jan 2010 16:34:33 +0000

If you are thinking about using The Homeowners Mortgage Support (HMS) scheme, which is backed by the government you may also be eligible to use Property Cashpoint’s sell house fast plan too.

Our sell house fast scheme is aimed at helping homeowners obtain a quick cash house sale. Unlike The Homeowners Mortgage Support scheme, which helps people temporarily pay their mortgage. In some cases paying your mortgage may not be your only worry. If you have recently lost your job and have credit card and loan repayment debts spiralling out of control. In cases like these a helping hand with your mortgage re-payments may not be enough. In this situation your most suitable option maybe to secure a quick house sale with immediate cash offer.

The Homeowners Mortgage Support scheme helps people who rely on two incomes and have recently lost one. They may no longer be able to work overtime and as a result can make their mortgage repayments. Other circumstances which are considered include number of working hours reduced and a loss of a second part-time job.

The HMS scheme can mean that the interest on your mortgage is deferred for up to two years. However, not all lenders are part of the scheme and there are a few constraints in terms of eligibility.

If you own more than one home or have mortgage protection insurance you will not be considered. Or if your lender does not think you will be able to meet the mortgage re-payments even if you don’t have to pay interest. Also if you are already receiving support for mortgage interest (SMI) you will not be eligible.

Using a sell house fast scheme is a more complete solution for financial problems such as these. You can clear your debts and start fresh. However, if your problems are more temporary then a HMS scheme maybe more suitable to your needs. Here’s a link for more information on HMS.

Nationwide increases SVRs

admin — Mon, 25 Jan 2010 15:34:58 +0000

Customers who have residential and self-cert mortgages with Nationwide’s specialist lending arms The Mortgage Works (TMW) and UCB Homeloans will see the SVR increase by 0.5 per cent from 1 February. Full story…

Less Affordable Housing Now

admin — Mon, 25 Jan 2010 13:32:28 +0000

Unfortunately many people have felt the full force of the recession. Up to 45,000 homes were repossessed last year, that’s a lot of people that could have benefited from a sell house fast scheme.

It also seems the recession is going to not only affect affordability now but over the next decade as well, which could fuel the need for sell house fast plans. The government has previously announced a target of 3 million affordable homes to be built by 2020.

However, The National Housing Federation has predicted a budget cut of around 18%, which will mean less affordable homes for first time-buyers, job losses in the construction industry as well as leaving many people to live in less than desirable conditions, while they wait for affordable housing.

Before the recession many people were given mortgages they could not afford, they bought houses which were above their means. When the bubble burst many people lost their homes and some opted use quick house sale services to avoid repossession.

Affordable housing is a general term used to describe housing which is built for people of low to median incomes. They enable low earners and key workers to move to areas where there are more jobs and become owner/occupiers. It is essential that more housing is built to improve living standards in the UK.

If you need to sell your house quickly you can still become a homeowner in the future. You may be experiencing temporary financial difficulties and need to obtain a fast cash house sale to clear your debts. There are lots of part own part rent deals so you can perhaps sell your house fast now and later buy a more affordable home. Do you want to know how to sell your house fast? Simply call Property Cashpoint today for more information.

Is the House Market Actually Improving?

admin — Fri, 22 Jan 2010 16:18:47 +0000

January welcomed some good news for a change in the UK housing market as prices rose by 4.1 per cent and the chances of selling your house quickly also increased. A steady increase in buyer interest and the low number of properties actually available for sale ensured that property prices increased in both England and Wales by an impressive 4.1 per cent. The new figures were released on Monday by property specialists Rightmove and the news will be welcomed by millions across the country looking to become part of the housing market again; either as a buyer or seller.

Selling houses fast has been near non-existent in the past year and last month saw figures declining further by 2.2 per cent so this month’s figures have come as a bit of a shock to many. The first week of January saw Rightmove attract 26 per cent more website traffic than over the same period last year with 157.4 million pages viewed and the property specialists are taking it as an early indicator that 2010 will see big improvements in the sector.

Selling your house quickly, if at all, has put a lot of pressure on the already fragile economy and the new found confidence in the market will hopefully see a shift in trends with more people looking to buy; increased numbers of people looking to sell should follow. One factor that many are still concerned over is the pending general election that is due to take place later this year as many fear government spending and a rise in interest rates will break the growing momentum that is currently building up.

If you wish to receive further information on our sell house fast scheme, please contact Property Cashpoint for further information.

Can’t Afford to Buy A House?

admin — Wed, 20 Jan 2010 14:28:23 +0000

As we all know housing is less affordable now than it used to be. Nowadays, a lot of people lose their homes and need to use a sell house fast schemes because they can no longer afford to pay their mortgage due to over stretching themselves. Salaries have not risen in line with house price rises. On average a house bought in 1959 would have more than quadrupled in price by 2009.

I read today that according to Halifax property is less affordable than it was 50 years ago and house prices have risen by about 2.7% a year. This means that salaries would have to increase proportionately. However, we all know that this is not the case and is why so many people have been forced to sell their homes using sell house fast schemes recently. These forced sales are a result of property booms which have increased house prices as much as 8-10% in some areas.

The introduction of the right to buy policy in the 80’s and the buy to let market in the early 90’s as well as 100-110% mortgages for first time buyers fuelled the property market and led to some meteoric price rises. It’s interesting to note that owner occupation increased from 43% in 1961 to 68% in 2008. This is in contrast to privately rented homes, which fell from 33% to only 14% over the same period.

However, it could be said that these innovations contributed to it’s downfall too. Property investors over leveraging themselves through buy to let investment and first time buyers buying more than they could afford. We all know by now that the reason why the credit crisis took place in the first was because bankers were trading sub-prime mortgages that could never be paid back because mortgage lenders were giving credit to people who could not afford it.

This naturally fuelled the sell house fast market as more people lost their jobs and needed a quick house sale to avoid losing their homes.

UK housing Market Can Survive

admin — Tue, 19 Jan 2010 16:57:00 +0000

House prices and sales volume have risen over the past few months and this could be sustained through a rise in interest rates this year by the Bank of England of up to half a percentage point. Full Story…

Property Franchise

admin — Mon, 18 Jan 2010 17:44:46 +0000

It’s a new year and many of us have big plans for 2010. A property franchise could be the answer you have been searching for. If you have been looking for a new challenge or perhaps you have been longing for that perfect business opportunity. Property Cashpoint’s buy to let property franchise could be the one for you.

Our franchise opportunity provides you with your own exclusive territory. We provide full training and support and teach you how to run a successful property investment company. Franchise owners find investment properties from estate agents. These vendors are typically looking for a quick house sale. You also benefit from the national marketing campaigns we run. Once you have found the property we take care of everything from the screening process right through to completion. We have honed our skills and have built a successful business over many years. We are offering you the opportunity to share our success and expand with us.

The buy to let property market is set grow rapidly over the next 10 years. As housing becomes less affordable more people will be forced to rent. This will cause rents to rise, which will naturally make the proposition more attractive to investors.

We are looking for candidates who are driven and ambitious and are willing to take advantage of our resources and experience in the property market. Property Cashpoint also run regional and national marketing campaigns, which you will benefit from.

Property Cashpoint will be attending The Franchise Show on the 12^th and 13^th February at Excel in London. You can find us at stand 233. We will be happy to answer any questions you may have and have a chat about the property franchise opportunity in more detail. Make 2010 the year you start a successful property business.

Mortgage figures up while loan figures drop

admin — Fri, 15 Jan 2010 10:30:59 +0000

Selling your house quickly is the ideal way to sell a house as the property market in the UK is well known for being tumultuous but recent figures show that more people took out mortgages in November than they have since March 2008. These figures have been welcomed by many as the housing market shows signs of picking up pace again, however, overdrafts and other loans are not proving as popular in the UK as figures for the amount of people looking to get a loan other than a mortgage continued to drop.

Although selling your house fast may still prove to be a somewhat specialised skill, November welcomed a total of 60,518 mortgage approvals compared to 57,718 in October. But in stark contrast, consumers continued to pay back their loans that has led to consumer credit falling for the fifth month in succession. Figures released by the Bank of England show that people in the UK repaid a whopping £376m more that they borrowed in November and an impressive total of £7.85bn was paid back in the 12 months leading up to the month. People are proving that they are avoiding the pitfalls of extensive borrowing as job security is low and borrowing costs are high.

Consumer Credit Repayments

July: £333m

August: £368m

September: £303m

October: £591m

November: 376m

Selling your house fast may not be easy but it is achievable as the UK property market I showing a glimmer of hope that the pace is slowing picking up and gaining momentum once again. However, with other loans falling out of favour as more people choose to finance spending, pay down debts and invest elsewhere, the consumer market is currently a rocky place to be involved with.

Property Cashpoint allow you to use a sell house fast service at no cost to you and at the same time acquire a quick cash sale!

House Price Rises Slow Down

admin — Wed, 13 Jan 2010 14:38:07 +0000

It seems according to the RICs that the rate by which house prices have increased recently is tailing off. Full story… Related posts:RICs Reports House Prices RisesHouse Prices Increased 5.9% in 2009Last Of The Self Certs Related posts: