Don’t let further falls in house prices affect your house sale

House prices fell this month for the first time since February, as demand subdued due to the reluctance of UK homebuyers. Recent figures from Nationwide have shown that the average house price fell to £169,347 from £170,111 last month. ”So far in 2010 demand from homebuyers has made little progress in building upon the recovery seen during much of 2009,” said Martin Gahbauer, Nationwide’s chief economist. “Despite the introduction of a second stamp-duty holiday for the vast majority of first-time buyers and record low interest rates, the number of properties changing hands across the UK is still running at only half the levels seen prior to the financial crisis and recession.” Gahbauer said a combination of restrictive credit conditions  and uncertainty about the future economic outlook means only wealthier buyers remain in the market. The outlook remained bleak for homeowners.  

Don’t let the recent decrease in house prices prevent you from selling your home. Call our experienced team at Quick Cash For Properties today on 0800 933 6137.

Are you struggling to remortgage?

June has been a tough month for the mortgage market, it has been calculated that on average few mortgages have been approved from what was originally predicted. This has been the result of tighter lending conditions spurned from further weakened confidence with the housing markets supposed recovery. The Bank of England today has released disappointing agreed lender figures showing a decrease compared with May’s figures. The U.K’s housing recover is grinding to a halt as consumers brace themselves for the government’s budget squeeze to reduce the countries debt. New evidence from today’s Nationwide reports has confirmed that the housing market’s recovery is fading fast as government policy makers debate the timing of interest-rates.

If strict lending conditions are preventing you to release equity call Quick Cash For Properties today on 0800 933 6137 and un lock your equity today.

Quick Cash For Properties can help you today

The property market predictions are not very ‘homeowner-friendly’. Today’s news revealed that if prices to continue to fall drastically, we could see the property value dropping by £42,000. Homeowners, who bought during the period of higher prices back in 2006 and 2007, as well as those who bought this year, could be in danger of negative equity and repossession. With increasing unemployment to come, more people are said to be struggling with mortgage repayments and monthly bills in general.  Quick Cash For Properties has years of specialist experience in helping people to avoid repossession through a quick house sale.

If you’re facing eviction from your home, call a member of our homebuying team on 0800 933 6137 today.

Is your property sale in danger?

According to latest reports from The National Institute of Economic Research (NIESR), the house prices are set to fall by 8% over the next 5 years, if we take into account inflation. Property prices are predicted to be at the same level as back in 2003 by 2015. The NIESR report said: ‘While we have assumed the housing market remains stable, there remains the risk that house prices in the UK could decline at a more rapid pace’. 

On the other side, Report by Capital Economics claims that house prices could dive up to a quarter within less than 2 years. The value of homes is to decrease by 5% by the end of 2010, another 10% in 2011 and further 10% in 2012. There also is a big chance that properties will be valued at the lower prices in 2020 than they were in 2007.

If you need professional help to sell your house fast, call one of the Quick Cash For Properties homebuyers on 0800 933 6137 now and find out how we can help you

What’s your opinion?

A research conducted by Rightmove.co.uk shows that 75% out of the 20,000 perspective homebuyers believe that the property market will stay the same or get better between now and summer 2011. This has been reported despite the fact that sellers already began dropping the asking price. On the other hand, Rightmove.co.uk also reported a 9% decrease in people who are being positive about the future of Britain’s property market.

Miles Shipside, who is the commercial director of the Rightmove.co.uk thought, that 9% was a drastic change to this figure.

If it’s proving difficult to sell your property and you need to sell your house fast call Quick Cash For Properties on 0800 933 6137 now. Our specialist home buyers can sell your house today.

Are you one of them?

It has been reported that the number of women in the UK, who are in financial crisis is on the rise. The figures by the Insolvency Services show that the number of women who became bankrupt has seen a 12% increase in the past year. Women aged between 25-44 represent the majority of the female category affected. According to Graham Horne, deputy chief executive of the Insolvency Service said: ‘These figures show that more and more young women have levels of debt incurred through trying to maintain lifestyles that are unsustainable’. This is just a simple example how you can get into debt yourself.

If you find yourself in a situation where your debt does out of control, Quick Cash For Properties may have the right solution for you. Call our property specialist on 0800 933 6137 and see how we can help you today.

Do you need to sell your house now?

According to BBA’s (British Bankers’ Association) figures, the number of homebuyers fell and will continue to shrink as a result of strict mortgage deposit criteria. Mortgage affordability is becoming rarer than ever, which is causing more inconveniences to homebuyers trying to buy their own home.  Home sellers are becoming more frustrated as a lack of homebuyers is causing house prices to drop. With more spending cuts to come, it is set to become impossible for first time buyers especially, to save up a deposit for their first home, especially with unemployment rising and taxes increasing. It will be hard to get on the property ladder with a tighter pocket.

If you urgently need to sell your house, call Quick Cash For Properties on 0800 933 6137 for a no obligation cash quote.

What is your situation?

Hometrack, Rightmove, Halifax and Nationwide all continue to bring negative news with regards to Britain’s housing market. According to today’s report, both house prices and consumer confidence are falling drastically. Hometrack’s data showed that the biggest factor in the market’s reversal was a notable 1.3% fall in demand for housing over the month on June. The abolition of Home Information Packs, resulted in properties become harder to sell with the average time of nearly 9 weeks to sell and the asking price decreasing.

“The fall in prices marks a turning point for the market following 12 months characterized by a lack of homes for sale and resurgence in demand, primarily for family housing in southern England,” said Richard Donnell of Hometrack. “Further modest price falls are inevitable over the second half of the year as the volume of homes for sale continues to rise and demand remains weak on the back of concerns over the wider economic outlook and uncertainty over the impact of recently announced cuts in government spending.”

If you can’t sell your house, call our specialist home buyers here at Quick Cash For Properties. Let us help you sell your house fast and stress-free. Call  0800 933 6137 today.

Where does it leave the housing market?

Rumours have begun to circulate that home buyers could be facing paying a higher Stamp Duty if they are to purchase a property with poor EPC’s. There is a need for UK to meet targets for cutting greenhouse gas emissions by 34% of their 1990 levels within ten years. Buyers who would purchase a house with low levels of insulation and dated boilers would end up paying an extra 0.5% levy on the top of the normal Stamp Duty.

However, this is not welcome by John O’Connell, deputy research director at TaxPayers’ Alliance who said: ‘Requiring expensive upgrades to people’s homes now, when so many people are struggling to get on and stay on the property ladder, is particularly awful timing’. With weakening levels of buyers, it would be impossible for the market to recover, as people buying a property would be simply put off by the final price tag.

If you need a home buyer now, call Quick Cash For Properties on 0800 933 6137 now and sell your house fast with us.

Are current fund limits affecting you?

Latest news released more detailed figures with regards to lending levels that continue to drop. Lending to private, non-financial companies that form the backbone of Britain’s economy has contracted by 6.1% in total in the past year.  Remortgaging levels stay pretty flat at 21,248 loans. The number of loans agreed for buying a house was 34, 813 last month, in comparison to 36, 418 in May 2010.

The number of credit cards and personal loans also fell during the month of June, by £200m after a decline of £100m in May. While consumers repaid £200m more of credit card bills than spent on new cards, changes to interest on unpaid debts increased card lending by £100m in the month.

Sharp drops in lending figures in general are impacting on the current fragile housing market, which is now predicted not to recover for years. People are under pressure to save money and clear their debts more than ever before, due to upcoming public spending cuts. Fewer funds available to homebuyers are to get the housing market on its knees and leave sellers struggling to sell.

Quick Cash For Properties can help you. Call 0800 933 6137 for a quick house sale and let our specialist home buyers take the stress away.