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Home > Service AT Your Finger-Tips (Issue No.8)
Service AT Your Finger-Tips (Issue No.8)
Myfirsthomeltd. Newsletter
Editor's Letter House sales have tumbled to their lowest recorded level as buyers continue to stay clear of the troubled property market, according to new figures released by the Royal Institution of Chartered Surveyors. Estate agents sold an average of just 17.4 properties each in the three months to the end of May 2008. It is the worst figures since records began 30 years ago. The slump is now ‘a very real danger to ‘the wider economy. The housing news came as official figures, showed living standards. Interest rate hikes could be on the cards even as the economy grinds to a halt. Soaring manufacturers, costs and prices, combined with fresh oil price fears, triggered the sharpest gilts market sell-off for 15 years. Economists described the 27.9 per cent rise in producer-price inflation, the price manufacturers pay for materials and fuel, as ‘absolutely horrendous and staggering. The Bank of England Governor, Mervyn King, in a speech to bankers delivered a grim assessment on the UK economy. He stated that households faced rising inflation and falling economic growth. Mr King said, “After a decade or more of economic stability, we are now facing a period of rising inflation and falling economic growth. Part of the reason for this change of economic weather is that we are passing through the most prolonged period of financial turmoil that most of us can remember.” His comments came as the cost of some types of home loans hit an eight year high; with some economists predicting the average interest on a fixed rate mortgage could rise to 7 per cent by the end of 2008. With manufacturing prices rising to record levels, experts are now predicting that the bank's Monetary Policy Committee will increase rates two or three times in the next 12 months, despite Britain facing a severe housing slow down.
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Join Our First Time Buyer Community JOBS - Recommend a friend & get rewarded Buying Your Home – Free Mortgage Advice Looking for a Mortgage – Free Mortgage Advice Is your DATA safe? For a free 30-day trial (no credit card required) please visit: mfhltd.DATABU.com EXPRESS YOUR OPINION, VIEWS OR THOUGHTS ON ANY OF THE ARTICLES BY JOINING OUR READERS CORNER - PLEASE CLICK ON THIS LINK TO REGISTER NOW! First Home Is Now Within Your Finger-Tips For the first-time in several years a slow down of the Housing market, has resulted in house builders and developers having large numbers of homes waiting to be sold. To ease their slow moving stocks, they have begun offering buyers incentives and reduced selling prices considerably.
It has been well publicised, that many first-time buyers are struggling to get on the property ladder in the United Kingdom. With the commencement of the ‘home buying season,’ myfirsthomeltd.co.uk is launching ‘Service At Your Finger-Tips’ with the objective to further assist first-time prospective purchasers, onto the property ladder. This service is designed to bring house hunters into direct contact with professionals within the industry.
We all lead such busy lives nowadays and it’s not surprising that we sometimes struggle to fit everything in. Home hunters finding their dream home is no exception. So whether you’re a first-time buyer too busy with work to look for your first home, an investor looking to expand your portfolio, or busy parents desperate for some more space, but struggling to find time to look between baby-sitting and raising your children.
First-time buyers registering with www.myfirsthomeltd.co.uk will have free access to our newsletters, magazines and information centre. Designed to make house hunting easier, enjoyable and rewarding, giving prospective purchasers:-
Technology is transforming the way we search for our next home. Gone are the days when people’s property searches begin with the nose pressed against an estate agent’s Window and hours spent browsing through publications and driving through neighbourhoods. For many first-time buyers, the starting point is instead the internet. For a new experience visit: www.myfirsthomeltd.co.uk and register immediately via the following link: Service AT Your Finger-Tips
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