Property Prices
House Prices have seen boom for the past 10 years with the average price leaping from £50,930 in 1994 to £181,810 in 2007. This has priced out many first time buyer out of the market and has made trading up difficult for even the most affluent professionals. The reality is that you get far less for your money than you did 10 years ago.
With the resent increase in interest rates and the tightening up of lending criteria, it seems now house prices are going to settle. Hopefully the next few years will see a buyers market.
So before you buy a house here are a few links to help you find out how much your seller purchased their house for, how much houses are being sold in the district.
House Price Postcode Checker
Find out how much property went for in your street or where you are buying
House Price Index Data
There are currently 4 major house price index’s normally seen in the news. Access them directly here:
- Rightmove House Price Index
- Halifax House Price Index
- Nationwide House Price Index
- Nationwide – Property Prices since 1952
- Land Registry
- BBC Regional House Prices Index
Free Independent Property Valuation
Useful Property Price Websites & Links
Property Snake
Property snake tracks the sale prices of property on the market and
how long they have been up for sale, giving you the upper hand on
the seller. Search by postcode , house type, bedrooms and price. The
site has been a great hit with buyers, but Estate Agents hate it –
I wonder why!!!!
House Price Crash
If you are worried there is going to be a crash then log on to House
Price Crash for up to the minute news feeds from all over the internet
on the latest property price information. There is also information
on House Prices and a Property forum.
Bank of England
Find out straight from the horses mouth if interest rates are going
to go up.
- Types of Mortgages
- How much can I borrow?
- Mortgage calculator
- Home Information Packs
- Mortgage Jargon Buster
- Mortgages Key Facts
- Pay mortgage off early
- Property Websites
23/02/09
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Shared Ownership Mortgage Deals
Take the Shared Ownership Mortgage challenge with Click n go Mortgages, we are leading Shared Ownership Mortgage Broker based in Kent and service the whole country we access the whole of the Shared Ownership market to find the best Shared Ownership Mortgage that's right for you - take a look at some of the deals we found for our happy clients.
27/01/09
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Mortgage lending increases for home buyers.
In these tough times its hard to get a mortgage, there was 22,051 mortgages approved in December an increase on November’s figures according to the British bankers association. For those lucky ones who have managed to get a mortgage it’s just as important to protect your self against losing your home.
22/01/09
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Shared Ownership latest mortgage deals rates and lending criteria
With Rightmove reporting increased demand for houses and property listings at an all time low. First time buyers are struggling to save the deposits which lenders are currently insisting on to purchase in today’s market. So the alternative is to buy via a Shared Ownership scheme.
21/01/09
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Mortgage Lending ‘fell by 30% last year’
There was huge contraction in the amount of mortgage lending in 2008. The credit crunch has swept through the housing market and all but obliterated most of the mortgage deals that were available in 2007.
20/01/09
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Government announces second round of measures to provide new lending
Banks need to use these facility's to help breath life into the failing housing market as First time buyers and home movers continue to window shop.
19/01/09
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House hold demand in the pipe line
When the market does turn, first time buyers will re-enter the market, driven by the renewed affordability of owning over renting. With lenders cautious on loan to value ratios, there will be new types of shared ownership and shared equity schemes to be in high demand.
18/01/09
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Bank bail-out to help with lending
New rescue package to help bank's start lending again. Gordon Brown will announce plans to guarantee mortgage lending tomorrow.Will this be the news first time buyers have waiting for?.
15/01/09
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Mortgage lending continues to fall
The Council of Mortgage lenders (CML) have reported that their was only 33,000 new loans granted in November, that's a 17% reduction compared with last month. First time buyers are finding that they have to put down a large deposit. On average a first time buyer has to put down an 18% deposit of the properties value.
14/01/09
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How do i go about buying a Shared Equity property?
My partner and I are lowly first time buyers with a few savings, certainly not enough for a deposit. We rent our slightly shabby 2 bed house, which I long to decorate but don’t want to add value, and are slowly but surely paying off our landlords’ mortgage.
13/01/09
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House sales are still falling
RICS the Royal Institution of Chartered Surveyors said the housing market has reached a low not seen for 30 years. First time buyers are struggling to take advatange of falling house prices.
