Are you thinking about investing in property? It may seem easy, however there are a number of points to consider before you dive into a long-term commitment, to ensure security, success and a strong return on investment.
House prices are on a lot of people’s lips a lot of the time and so I thought that perhaps I could contribute by collating some recent news items from across the country. The gist of them all is that house prices are rising rather quickly across the UK and especially in large metropolitan areas like London. They’re great for the sellers, not so much for the buyers.
Anyone buying a house will know the stresses involved in getting a survey, finding a mortgage, and waiting for completion. The process can and often does take months to complete, and in this period you’re committing to a lot of money and spadework – you certainly don’t want the deal to fall through.
Investing in a property is a huge step and it is only made more difficult by the uncertainty in the housing market caused by the recession. The UK property market has been steadily recovering leading to an increase in the asking price of many homes for sale. In order to get the most for your money, we take a look at the regional differences in property prices to see which cities have the most to offer when it comes to investing in property. The Least Affordable Places in the UK London house prices are shooting up due to international demand. In fact, the ten worst places to buy a home are situated in London meaning that many are choosing to buy property in other UK areas and commute to work. Salisbury, Brighton, St Albans, Exeter and Bath were among the cities names as being some of the worst places...
Zoopla.co.uk property news author Ewan Robertson provides tips to new home buyers on assessing your financial readiness before buying a new home. You’ve probably heard that we’re in a buyer’s market: house prices are forecast to stay flat or decline slightly for the rest of the year and in 2013, and at last, home sales are beginning to rebound. Mortgage rates have hit record lows in the U.S., and there’s a pricing war going on between mortgage lenders at home. No one would blame you for thinking that it’s a prime time to start thinking about buying a home. But investing in property is about more than favourable interest rates and an encouraging marketplace; you also need to assess your financial readiness and mark out the maximum budgets that you can reasonably maintain. So, instead of rushing into checklists filled with estate agents, conveyancers and properties –make a financial...