With mortgage rates soaring, and with the most pessimistic forecasts that house prices could fall by up to 35%, does it make sense to wait until after the current housing crisis has eased before buying? There’s no simple answer because it depends why you are buying and where you live. But, the housing market is …
This week 2 year fixed mortgage rates rose above 6% – the highest level since Liz Truss’s mini budget of September. Why is UK Facing a New Mortgage Crisis?Watch this video on YouTube It threatens to add an extra £2,500 a year to the average mortgage. By next year, total mortgage payments could be an …
Is the UK Heading for a Pre-Election RECESSION?Watch this video on YouTube Last year, the Bank of England made a very gloomy prediction for the UK economy – a deep and prolonged recession. They were wrong, the UK avoided recession and grew more strongly than some expected, but the downside is that the Bank of …
In the past 12 months house prices have fallen 16% in Sweden but have risen 4% in the US Yet both housing markets share similarities of overvalued prices and higher interest rates. Global House Price Crash – Where will Prices Fall?Watch this video on YouTube Why is there such a big difference? After a …
Like many, my fixed rate mortgage deal expires very soon and so I am left with firstly the shock of how much the mortgage will increase and secondly the difficult question of whether to get a fixed rate mortgage or a variable tracker mortgage. Fixed or Variable Mortgage – What Should I Get?Watch this video …
Last autumn, UK house prices reached record levels – with the highest price to income ratio since the nineteenth century. And just at this moment, the Truss/Kwarteng budget sent mortgage rates soaring – it was a shock to a market heavily reliant on ultra low-rates. This combination of factors was the perfect trigger for a …
In both 2007 and 1991, house prices fell 20%, will see something similar this year? The really interesting question is whether house prices return to the post-war levels of affordability like after the crashes of 1990 and to a lesser extent 2008. Will The House Price Crash Be Like 1991 and 2008?Watch this video on …
10 Reasons Landlords Are SELLING UP in 2023Watch this video on YouTube For the past eight years there has been a net exodus of landlords from the private rental market – tighter regulations, tax changes and now the double whammy of inflation and rising interest rates is leading to a shortage of rental properties, …