The new Home Direct lending and the current position of the housing market.
With large building companies going out of business and the state of the housing market looking worse and worse. The market doesn?t look nice. Friends of mine keep on telling me I want to ? sell my house? but are not sure whether to, due to poor equity. For myself I would like the opportunity to get onto the housing market in the start. The new loans and tax breaks that have been placed on the market aren?t really flexible enough to entice me into purchasing a property, with the only homes available being new builds which frankly a lot of the time look like little boxes with very little space, is this just another attempt for the government to reach target. The fundamentals are developers basically want to knock out as many buildings as quickly as they can for the least quantity of cash on the least amount of space. People need an area that they are investing their cash into for their personal benefit, somewhere they aren?t over looked and where they feel they can get out into their garden into their own space. The stamp duty lifting to ?175,000 is the thing that should have been done years ago rather than the appeasement policy for the little people it appears to be, that is only going to last for a short period of time. Most people can?t save for a mortgage because they are don?t have the spare funds and although we get studies that the average wage is a certain amount it has no relation to the low amount most of us earn.
Tags: Homestaging, Sell my House