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Home > Service AT Your Finger-Tips (Issue No.19)
Service AT Your Finger-Tips (Issue No.19)
Myfirsthomeltd. Newsletter
Editor’s Letter Many individuals have come back from their holiday and will be disappointed to read that the housing sector is still limping its way through the summer months. The economic downturn is as bad as the 1970s and could drag on for some considerable time. Bank of England governor Mervyn King has already warned that the UK economy is in for a difficult and painful period due to a combination of high inflation and rapidly slowing growth. The mood in the property industry is sombre and trading conditions have generally been tough. The downturn as been much faster and steeper than many had expected. However there are encouraging signs which may indicate that the sector may be ‘bottoming’ out at the downward spiral. Although there was a sharp downturn earlier in spring this year, things haven’t worsened since then. Cancellations, if anything have eased back slightly. Most builders have taken the pain to their balance sheet quite quickly. They have cut costs, quite dramatically, with widespread redundancies and many have been cautious in replenishing their housing stock. Consequently the growth in their land bank has been kept modest. Charles Bean, the Bank of England’s new deputy governor believes there is some light at the end of the tunnel and if oil prices and credit markets can be stabilised, growth should pick up and inflation could fall next year. Speaking at the annual conference of the world’s top central bankers in Jackson Hole, Wyoming, in the United States, Mr Bean said, "We’ve got our fingers crossed that things will improve. But there is the recognition that there is still a long way to go yet. "This is just a transitory period of subdued growth and we will get through the other side and the growth will resume to more normal levels." Myfirsthomeltd team hope you will enjoy making your way through our newsletter as much as we do, thus contributing to making home hunting easier, enjoyable and rewarding.
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Reader’s Corner (Posted: August 28, 2008)
Category: First Time Buyers
"We welcome your e-mails, whether in response to articles in ServiceAtYourFinger-Tips or as a way of sharing your own insights and experiences with other professionals and readers. Please send your..."
UK Housebuilder Profits Slump Further (Posted: August 28, 2008)
Category: Property Developers
"Taylor Wimpey has said that first-half underlying profits dived 96% to £4.3m as it wrestled with the housing market downturn.The firm, which is the UK’s biggest homebuilder by number of..."
Express Mortgages & Loans (Posted: August 28, 2008)
Category: Mortgage Brokers
"Express Mortgages & Loans Free Advice On All Types Of Mortgages Including; First-Time Buyer Mortgages Buy-To-Let..."
First-Time-Buyers (Posted: August 28, 2008)
Category: First Time Buyers
"First-TimeBuyers Looking Out For A New Home? Why not own your home on a part-buy,part-rent basis for about the same cost as renting?Perhaps an equity loan to buy on the open..."
Get your first home in just 5 steps (Posted: August 28, 2008)
Category: First Time Buyers
" ..."
Step On Ladder With First-Time Buyer Deals (Posted: August 28, 2008)
Category: First Time Buyers
"First-time buyers need to remain positive in their outlook, despite the withdrawal of Abbey and other lenders, from 100 per cent mortgage products. We all are familiar with the saying ‘all good..."
C-Hips, Conveyancing and Home Information Pack Service (Posted: August 28, 2008)
Category: Green Issues
"Home Information Packs Home Information Packs (HIP) is now a legal part of the house buying and selling process. Consumers need to ensure the HIP they commission and the documents contained within..."
ELPG Calls On Government To Freeze Stamp Duty (Posted: August 28, 2008)
Category: News
"Scotland’s leading estate agents have issued a call to Chancellor Alistair Darling, to freeze Stamp Duty levels in order to reinvigorate the property market.The ELPG group (which is made up of..."
Stunning 2 Bed-Apartments At Parkside, Wandsworth (Posted: August 28, 2008)
Category: First Time Buyers
"Parkside is an attractive development with a lively mixture of 62 apartments, designed to create a welcoming and friendly sense of neighbourhood. Located in South-West London, with great convenience,..."
Mortgage Approvals Falls By 60 Per Cent Over Year (Posted: August 28, 2008)
Category: Mortgage Brokers
"The number of people successfully applying for a mortgage across the UK remains at a near-record low, it has been confirmed. According to new figures from the British Bankers Association (BBA) just..."
Bovis Braces Itself For Tough Times (Posted: August 28, 2008)
Category: Property Developers
"Bovis Homes revenues were down 43 per cent, driven by a 32 per cent fall in house sales, and the company says it is braced for tough trading conditions after reporting an 80 per cent slump in..."
The Property Investor Show 2008 (Posted: August 28, 2008)
Category: Exhibitions
"Venue: Excel London, 19th-21st September 2008.Visit: www.propertyinvestor.co.uk The Property Investor Show is the ideal place for obtaining reliable, up to date information and property to buy...."
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 (please copy and paste onto address bar) EXPRESS YOUR OPINION, VIEWS OR THOUGHTS ON ANY OF THE ARTICLES BY JOINING OUR READERS CORNER - PLEASE CLICK ON THIS LINK TO REGISTER NOW! 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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