Gary's Blog

Spring has arrived

Its officially the first day of Spring, the sun is up, traditionally the time to find a new home.

Should the February housung stats worry us?

In my opinion NO.

I realise we are in this country totally preoccupied with the weather so the fact that house prices dropped 1% due to snow, seems laughable, however....

If its freezing cold, your car is slipping across the road, and you have to stumple up paths covered in snow, would that not deter you from looking at houses!!

Also the withdrawal of the free stamp duty up to 125K had a negative effect.

I genuinly think this was a blip, we have had 10 months of growth, the economy went up .3% rather then .1%, and order books for many companies are filling.

If your a librarian today then I guess if you are in public sector jobs you may want to wait to see what April delivers. otherwise its a great time to buy a house.

Estate Agents are busy, houses will now get on to the market and deals are coming back.

You still however need a 10% deposit.

Great time for First time buyers to finally get that home you have always wanted, and dump the landlord.

Time to switch to a Fixed Rate

Homeowners be warned, the inflation figures for December were not good 2.9% in the year.

Another significant move was that the Skipton Building Society decided it would raise its SVR ( standard variable rate) from 3.5% to 4.95%. Quite a significant move up.

Its likely that other lenders will copy this move, so watch out!

The number of people fixing has already risen in response to the uncertainty. Thois was confirmed by Santander , a lender that is taking over everyone it would seem ( Abbey, Alliance & leicester and Bradford & Bingley).

Moneysupermarket.com the price comparison site,said it expected the cost of mortgages to increase as rising inflation pushed up interest rate expectations.

Cheers

A new year a new approach

I am delighted to enter my first blog on my new interactive web site.

I am looking forward to this year, a great deal of positive momentum is slowly growing.

We will I believe be officially out of recession at the end of this month, which which further increase confidence .

Lenders are bringing out improved products at higher loan to values, house prices continue to rise slowly, which is exactly what we want.

Good quality properties are again selling, and in fact selling quickly.

The price ration to income for First Time Buyers has not been as good as this for over 5 yrs, so I think this sector will now recover.

I accept the buy to let market is still very active and does offer a real alternative for young people. However we are a nation that wants to own their house, we want to freedom to put up that tacky photo, without being told not to damage the wall, and we don't want to be told after 4 months, " I'm sorry you need to move out in 2 months time we have decided to sell".

My first blog, I guess it will improve as I get the hang of it, but its good to get this new web site under way.

Remember Fee Free, give me a call.

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GAM Independent Mortgage Advisors

Gary's Blog

Spring has arrived

Time to switch to a Fixed Rate

A new year a new approach

Would you like us to call you?

First Time Buyer

Buy to let