The Lunatics Guide To House Hunting
There are some golden rules that make house hunting a whole lot easier to get through. These rules make boring reading for someone who is not going through the painful process of moving house. For those of us who are, however, they are a handbook for sanity and can smooth the path to eventual domestic contentment.
Before you start, read the market. In a buyers market, it is possible to make offers which would not usually be seriously considered. Do not be in hurry to buy in that case, and return for a second or third viewing. In a sellers market, do not be too long making a decision and if you want to secure the property, offer the asking price.
Are Uk House Prices About To Crash?
With the Bank of England raising interest rates in recent months, many investors have started to question the long-term sustainability of the UK housing market. Could there be a housing crash on the horizon?
During 2005 and 2006 the UK saw some very low interest rates, with decisions being taken by the Bank of England’s Monetary Policy Committee to keep the base rate at 4.5%.
By August 2007 the Bank had decided to react to the perceived threat of inflation to the UK economy. Interest rates had risen to 5.75% in an attempt to allow the housing market to cool down and to restrict consumer spending.
