With just over 3 weeks to go till the general election, first time buyers and the property market as a whole remain a key campaigning issue. With political parties pledging various ways to help first time buyers and support the property market, voters are being swayed over this key economic issue.
But does the property market need help? Well despite a turbulent few years, the overall property market continues to grow and thrive, particularly in the south east and in our local areas of Hampshire, Surrey and Berkshire. Prices continue to rise as demand for housing continues to outstrip supply. Good transport links as well as exceptional green spaces and high quality educational facilities continue to make our area one of the most desirable in the country, with Hart being again voted one the most desirable place to live in the UK, and Fleet a top town to raise a family. Recent major housing developments such as Elvetham Heath in Fleet have been quickly snapped up and there is pressing demand to build even more housing in our area to cope with supply, such as the proposed up to 5,000 new homes in Winchfield.
Of course, rising prices can be great news – particularly if you are looking to downsize, or if you had a high mortgage to property value ratio. However, as a first time buyer, rising prices mean even great deposits required, and a recent report suggest that some young people are giving up on the prospect of ever being able to buy their own home . As our population ages and with high elderly care costs, multi-generational living with parents and children, or even grandparents, parents and children all living together may become more of the norm, leading to increased requirements for bungalows, properties with annexes or flexible accommodation that can be catered to different family living arrangements.
Whoever actually wins the election on May 7th and takes power, we will all be watching what happens next to find out which of their election promises – both for first time buyers and the property market and as a whole have been campaigning rhetoric, and which will actually come into force.
If you are looking to make the most of rising house prices and sell your home then why not check out our competitive packages. We can sell your home from as little as £499 or 0.5% + VAT,saving you thousands when compared to typical high street estate agents fees. Please contact us on 01252 819725 for a free valuation or drop us an email and we’ll be in touch.
The UK inflation rate has fallen to zero for the first time on record. This means that prices for goods and services are no higher than they were this time last year.
Continuing a trend from the last few months, falling oil prices and a supermarket price war have contributed to cheaper food and fuel prices – both key factors in household budgets.
Generally this means that with wages starting to rise, you could see your money going further. It also means a rise in interest rates may be further off than previously thought, resulting in more, cheaper mortgage offers available. You can read more about it here: This is Money
With more money in your pocket and the continuation of low interest rates now could be the perfect time to make your next property move. We can sell your home from as little as £499 or 0.5% + VAT saving you thousands in standard estate agency fees and giving you more to spend on your new home. Why not contact us today for a free valuation on 01252 819725.
Today the Government announced new help for first-time buyers through its Help-to-Buy ISA. This was part of the Budget announcement – the last Budget before the general election in May.
The Help-to-Buy ISA offers a major tax benefit to those saving up a deposit to buy their first home as for every £200 that these first-time buyers save, they will receive a top up of another £50. For some savers this could mean a total benefit of up to £3,000, and a couple saving towards a home together could benefit from a bonus of up to £6,000 as both savers are eligible for the £3,000 bonus.
To read more visit: http://www.thisismoney.co.uk/money/saving/article-3000755/Budget-2015-Chancellor-launches-Help-Buy-Isa.html#ixzz3VP7izIQD
If you are an aspiring first-time buyer or simply looking for your next property move then why not check out our properties currently for sale, as well as some comments from happy customers who have sold their property through Check 4 Houses. We can sell your home from as little as £499 or 0.5% + VAT saving you thousands in standard estate agency fees and giving you more to spend on your new home. Contact us today for a free valuation on 01252 819725.
The past six months have seen some major changes to international money markets and even our own wallets. Petrol prices at the pumps have dropped significantly and a renewed round of supermarket price cuts is leading to more disposable income for many. Yet the Greek election and European negotiations over their debt repayment plans, complete with renewed nervousness over a possible Greek exit from the Euro have led to increased uncertainty.
All this has impacted interest rates, with rates now predicted to remain lower longer than expected. In his latest Inflation Report, Bank Governor Mark Carney suggested rates will not rise until Spring 2016.
This means that mortgage rates have also been falling – particularly across five and ten year fixed rate terms. Rates are at record lows and homeowners can fix for two years at just over one per cent and up to ten years at less than three per cent. If you are not locked in to a long term deal, now may be the best time to remortgage and secure a low rate for years to come.