The UK Housing Market Is Set To Bloom In 2006
by: Michael Hanna
Broker?s have predicted that the housing market is set to bloom in 2006.
After house prices dropping for 16 months in a row BBC news has reported that house prices are set to rise again in 2006, although gains will be small.
Nationwide is said to be ?cautiously optimistic? for 2006, after such a bad 2005, and say ?Our expectation is that house price growth will remain firmly in low single digits in 2006 as the economy recovers"
With house prices set to rise, how can you insure that you know how much you should pay, and how much is just over the top?
The guardian this month printed a report (http://money.guardian.co.uk/property/story/0,,1669126,00.html) telling how many people were losing out by paying too much money for newly built property that they had purchased as an investment.
It reported that valuations on new-build flats in Manchester were so inflated as to have ?Monaco price tags?.
With house prices always rising how can a normal Joe like you and me know what ?Monaco price tags? are, and ensure we don?t get ripped off?
There are ways out there ? the internet is a powerful tool, and the best place to look for things that you just don?t understand, or you just haven?t been keeping on top of market prices.
The site that I found to keep me on top things in the housing market is called Moneynet. Moneynet is an information provider for all sorts of financial stuff, but as a guy looking for a new home I found the Moneynet mortgage research pages ( http://www.moneynet.co.uk/mortgages/index.shtml ) most helpful.
So with my new knowledge in the bank I plan not only to net myself a lovely property at a nice price, but I?m also thinking of making an investment to try to take advantage of this predicted growth in 2006.
So bring in the New Year, and watch space to hear of news of my ventures?
About The Author
Michael Hanna is a keen writer, and internet marketer living in Scotland. Contact details:
|
12 Quick Tips For Getting A Mortgage
12 Quick Tips For Getting A Mortgage
by: T. O' Donnell
1. Watch out for the 'Deal Of A Lifetime', the deal that seems too good to be true. The company may be saving money by cutting back on their level of service.
2. When getting a fixed rate: get a written statement which details the interest rate, how long the rate is fixed for, and the conditions attached.
3. When interest rates fall: try and leave your repayments as they are. You will therefore be paying more than the minimum each month. You'll repay your loan much earlier.
When rates rise again you may not have to change your payment.
4. Consider a fifteen or twenty year term. Try to pay off your mortgage quickly. Use a mortgage calculator with an amortization function, and see what's possible.
5. Keep your mortgage as small as possible. Aim for *comfortable* affordability.
6. Try not to 'churn' your mortgage. Each time you refinance you'll...
12 Quick Tips For Getting A Mortgage
Mortgages > 12 Quick Tips For Getting A Mortgage
Refinance & Mortgage Tips: Down Payment From Savings
Refinance & Mortgage Tips: Down Payment From Savings
by: Tristan Hunt
Once you?ve figured out how much of a down payment you can make on your home mortgage, it?s time to determine how to document the source of your funds for the down payment and closing costs. Now you might be saying, ?Why do they care where I get the money?? Lenders need to verify the source of funds to both assess the underlying risk in you as a borrower as well as to prevent loan fraud. This makes it imperative for you, the applicant, to maintain complete and detailed records of how the money which you plan to use for a down payment makes it into your hands. Money from your own savings, checking & money market accounts looks best to the bank for a variety of reasons, and is amongst the easiest sources of capital to document.
Money in the bank is also very easy to document. The lender has the option of asking you to submit bank statements to them indicating that you have the...
Refinance & Mortgage Tips: Down Payment From Savings
Mortgages > Refinance & Mortgage Tips: Down Payment From Savings
Home Loans and Mortgages ? Time to Consolidate Loans?
Home Loans and Mortgages ? Time to Consolidate Loans?
by: Charlie Essmeier
Home equity loans and lines of credit are useful tools for homeowners. They allow the homeowner to borrow against the value of his or her home for all kinds of purposes ? home improvement, debt consolidation, vacations, and more. The loans, backed by the value of the house itself, come with attractive interest rates and the added bonus of tax deductible interest. That interest, however, is often variable, adjusting up and down with changes in market conditions. At the moment, conditions are such that interest rates for adjustable rate loans are increasing while rates for fixed-rate loans are still fairly stable. This is probably a good time for homeowners with variable rate equity loans to consider consolidating their primary mortgage and home equity loan into a single entity.
The ideal candidate for such a consolidation would be a homeowner who has a variable rate home...
Home Loans and Mortgages ? Time to Consolidate Loans?
Mortgages > Home Loans and Mortgages ? Time to Consolidate Loans?
Rent to Buy Homes: Begin to Secure Your Equity
Rent to Buy Homes: Begin to Secure Your Equity
by: Gary Carraghan
Renting to own provides quality solutions to home buyers with credit problems.
If you desire to own your own home but are unable to secure conventional financing today, working with agencies or individuals who provide rent to buy homes may well be your most effective and, in the long run, profitable option. A lease purchase can make your rent money work for you in a way that renting from a landlord never could.
Renting to own real estate operates on very much the same concept as does renting to own appliances, furniture, or other less valuable asset. A down payment is made and a monthly payment agreed upon and taken away from the monthly balance until it has been fully paid, and the property becomes entirely owned by the payor.
Rent to own is nothing more than a leasing option. After a certain period of time, the payor of a lease is given the right to buy the home...
Rent to Buy Homes: Begin to Secure Your Equity
Mortgages > Rent to Buy Homes: Begin to Secure Your Equity
Preventing Fire Damage in the Kitchen
Preventing Fire Damage in the Kitchen
by: Jonathan Meyer
The kitchen is one of the most dangerous rooms in your house as it contains many hazards and a high potential for unintentional fires.
Frying Pans and Deep Fry Pans
Using a thermostat controlled fryer is a great way to prevent deep fry pans fires. Avoid fat and grease build up on the stove or pans because fat and grease can easily catch fire.
Oven and Stove
The oven and range must...
appliances
Mortgages > Preventing Fire Damage in the Kitchen
insurance quotes The UK Housing Market Is Set To Bloom In 2006
cruise The UK Housing Market Is Set To Bloom In 2006
Winter Air Quality and your Home
Winter Air Quality and your Home
by: Christopher King
Step back and take a deep breath. Feels great, doesn't it? With the winter season well upon us, it is time to stop and think about the quality of the air you are breathing. Air quality issues do not get the same attention in the winter months as they might in the summer, but that does not mean that they do not exist. In fact, a number of studies have shown that indoor air quality is often worse in the...
appliances
Mortgages > Winter Air Quality and your Home