Despite telegraph.co.uk reporting yet more gloomy ‘stories’ today, my thoughts are quite different.
Correct, lenders are still tightening up on who they lend to, and at what cost. Certainly at The Place 4 Mortgages we are not seeing clients struggle to get a mortgage. Prudence is just paying us all a quick – but possibly year-long visit. With a deposit and good credit status you’ll be welcomed with open arms. Without, and it’s a case of wait until an ease in criteria filters through, later this year in my opinion.
With the Bank of England MPC meeting next Thursday, a cut of upto 0.75% is expected. As mentioned in my previous blogs, this is not sufficient and lenders and the Government need to do more to bring the lending levels back to where they were in 2007 – which we are a long way away from.
The Place 4 Mortgages Southampton
theplace4mortgages
construction loan…
Mortgage lending has become a thriving business with more and more mortgage borrowers relying on mortgage lending institutions to get loans. The Internet has made comparing and studying different lending institutions easier for the mortgage seekers. Mo…
The place 4 mortgages is right!
The market will recover… we need to have a positive mental attitude
low intrest rates leads to cheap money… and now we also have cheap properties..
Now is the perfect time to buy a property, whilst the property prices may drop a little more, I doubt it will be too much further. With the prices that they are now, it could be the perfect time to invest now and make good returns in a few years time.