Editor’s Letter

After years of easy money and relentless increase in property prices, the credit crunch has finally arrived on the UK housing market. It’s taken a little while to get here, but now that is here what damage will it now do to the Financial Sector, Property Sector and to the overall UK economy? That is the BIG Question! We only have to look over the pond into America to see the devastation and catastrophe that has taken place because of this ‘credit crunch hurricane.’ Hundreds of Billions of pounds has evaporated into thin air, without a trace.

The credit crunch has arrived and is now impacting strongly on the UK housing market. Most economics are unsure when we will turn the corner, but they all agree that some sanity will now return to the housing market, allowing prices to settle down in the short to medium term.

From recent figures released, most first-time buyers are adopting a wait and see policy and are resigned to continue window shopping, until the property market stabilises further. This is also presenting them with many opportunities to obtain attractive discounts, incentives and offers from house builders across the UK.

In the meantime, house builders are locked into building projects that have their own momentum, best described as ‘down tools.’ With the continual slow down, fewer homes than expected will come to the market place this year, but hopefully will present mortgage lenders with an excellent opportunity to start offering sensible packages to first-time buyers. The UK economy needs these homes, so it is essential that builders and developers keep building them, otherwise WE WILL BE IN SERIOUS TROUBLE.

Myfirsthomeltd team hope you will enjoy this newsletter issue as much as we do, thus contributing to making home hunting easier, enjoyable and rewarding.

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:-

• Updates on market news and consumer trends.
• Alerts on forthcoming developments.
• Information on new homes and developments.
• Promotions and events…

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