After reading some articles this week, and looking at the new technology that is next on the horizon, I felt inspired to look at what the future holds for our homes. After all technology is evolving at a rapid rate, just when you think you have the latest gadget the next version has hit the shelves.
Record low interest rates have already been seen in two and five year fixed rate mortgage plans, but recent figures show that it is four year fixed rate plans that have seen the starkest drop – with Chelsea Building Society’s (CBS) latest offering coming with a rate of just 1.84%.
This is up from the equivalent figure for last month, which stood at 7.4%, and is thought to be driven by, amongst other things, an increasing lack of houses available on the market – all of this when such acceleration was believed to slow around the time of last month’s general election campaign.
Are you a landlord or a property investor looking to grow your property portfolio? Or perhaps you’re a first time buyer looking to take your first step onto the property ladder? Irrespective of your ownership status, if you’re looking to bag a bargain then buying a property at auction could be the way to go.
We all need space, how much depends on the individual or of course the family! For some the most important factor when looking to purchase a new home is outdoor space. An extension of your home and a place where memories are made. Whether there is room for a paddling pool or a swimming pool we are certain that this week’s property picks will get your imagination going.
The latest news that has got everyone talking is that first time buyers are having to wait longer to take that first step on the property ladder. The annual First Time Buyers (FTB) Survey found that almost two thirds (65%) of people were waiting longer to buy their dream home.
Property surveyors have stated that there has been a drop in the number of people putting their houses up for sale. This is thought to be a contributing factor to the rise in house prices across the UK’s property market.
There seems to be a raft of positive messages from property experts after last week’s general election. With David Cameron’s place at number 10 confirmed, it is now time for the Prime Minister to set about delivering what he has promised for the UK’s property market.