October was an eventful month for House Buy Fast, with the company being featured in many printed and online media outlets. The autumn season brought changes to the leaves and also to the prime minister, with both falling from their respective positions. Despite these changes, House Buy Fast remains a reliable and trusted company for those looking to sell their house fast. We continue to provide excellent service and are always on hand to answer any queries or concerns our clients may have. If you’re thinking of selling your house, don’t hesitate to get in touch with us today!
We’ve recapped what we’ve been up to so you can get back up to speed. House Buy Fast has your back.
Property Industry Eye
Ms Truss repeatedly said “the status quo is not an option”. Yet by not addressing the issues we are currently experiencing in the housing market, the prime minister has signalled the status quo will carry on for many who are struggling to get a foot on the property ladder.
Estate Agent Today
Thanks to higher interest rates, we’ve lost over 1,000 mortgage products in the last year and another 1,000 since this debacle began. Some will, of course, return, but at rates that will seem shocking compared to previous offers. Some people will choose not to buy, others will cut their cloth and look to borrow less and keep the repayments the same as before. But for those with a variable rate or about to come off fixed deals, there are many sleepless nights ahead.
The UK housing market faces up to its biggest challenge since the global financial crisis and arguably, given that the huge monetary easing that took place during that period is unlikely to be repeated, the coming years look more similar to the challenges of the early 1990s
It is a delicate situation that needs to be handled very carefully. Stamp duty is a good place to start.
Keeping windows closed may prevent draughts, but in the long term, it can cause condensation to occur, which may be expensive to fix.
And many more. To stay up to date with the property market follow us on Twitter!
House Buy Fast @HouseBuyFast and
Jonathan Rolande @propertyjonnie