 
Quick Move Blog
Thursday, 15 May 2008
As many people are already experiencing, household bills are rising sharply. This was confirmed yesterday, by Mervyn King, the Governor of the Bank of England who warned families to brace themselves for a further squeeze on their household finances, as energy bills and food prices continue to rise.
With inflation set to increase to 3.7% - almost double the official target - the likelihood of further interest rates cuts in theshort to medium term look unlikely. Indeed, we could see the return of stagflation - rising interest rates to counter inflationary pressures, while experiencing falling economic growth.
Mervin King warned home owners to expect further price falls adding that is was impossible to predict the size of these falls. He warned that a sharp downturn in the economy could not be ruled out.
Tuesday, 13 May 2008
According to the latest RICS survey published today, a record number of surveyors are reprting house price falls. 82% of estate agents/surveyors have seen a fall in house prices since the start of 2008, the worst rating since records began in 1978.
The figures show that the housing slump is even more widespread than during the last house price crash in the early 90's with house prices falling across the whole country. According to Simon Rubinsohn, chief economist at RICs, "even during the house price crash of the early 90's, some parts of the country didn't take as much o a beating."
On a brighter note, the house price falls that are reported are relatively modest, with ost surveyors reporting a fall of less than 2%.
The 82% of surveyors reporting a fall is up on the April figure of 66%. It was the 9th month in a row that the number of surveyors reporting price falls has risen.
The worst hit areas of the country are East Anglis, the North and North-West where all surveyors reported falls.
In the latest RICS survey, the number of completed house sale has been described as 'falling off a cliff', with vendors reluctant to reduce prices and potential purchasers finding it hard to secure mortgages and too afraid to commit.
According to Brian Jackson of Ellis and Sons, an estate agent in Southport, the number of completed house sales is at its lowest since their records began before the 1990's house price crash.
According to another agent in Kent, the housing market is the worst in 35 years.
The average number of completed house sales per estate agent was just 18 in April, compared with 24 in March - a 25 per cent drop in just one month.
Friday, 9 May 2008
The number of repossession orders issued in England and Wales is up by 17% in the first quarter of this year (2008).
There were 27,530 orders made, against 23,438 for the same period of 2007.
The number of mortgage possession claims - the first stage of the repossession process - was also up, with 36,688 claims in the first quarter, up 16% on the previous year.
The greatest increase in repossession orders was in Wales, where the numbers were up 26%.
A number of factors are being blamed for this increase, including the credit crunch and subsequent increase in some mortgage payments, and rising household bills.
The government has announced that the final stage of the full implementation of Home Information Packs (HIPS), will be delayed.
The requirement that a HIP is produced prior to a property being marketed will now be delayed until the end of 2008. Homes can therefore continue to be sold, so long as a HIP has been ordered and paid for.
The government has also delayed until the end of the year the requirement that leases should be included in a Hip if the property is leasehold.
These latest developments and delays are the last in a long list of delays and amendments to the original plans for Home Information Packs.
We should again emphasis that, as a private buyer, you do not need to purchase a Home Information Pack to sell your house to Quickmovenow.com. This will save you both time and money. For further information, call us now on 0800 068 3366.
Wednesday, 30 April 2008
According to new figures from Nationwide, house price year on year in April by 1%, the first fall since 1996.
Prices were down 1.1% on March prices.
To add to the housing woes, David Blanchflower, a member of the Bank of England's Monetary Policy Committee, forecast in a speech last night that house prices could drop by up to 30% over the next 2 to 3 years. He also said that without a sharp reduction in interest rates, the UK risked falling into recession.
HBOS, the UK's leading mortgage provider, also forecast yesterday that house prices will fall steadily over the next 2 years.
The Bank of England released figures yesterday showing that the number of mortgage approvals had dropped to the lowest since the Bank's records began in 1993.
Monday, 28 April 2008
The latest Hometrack survey confirms that house prices are now falling year on year. The average house is now worth £173,100 - £1,500 less that a year ago.
Industry analysts say that this 0.9% fall is 'symbolic' as this is the firsthouse survey to show an annual house price fall since the start of the credit crisis.
Homes are now also tking a record length of time to sell, with the average property stayinh on the market for 9.1 weeks before selling.
Houses are selling for 7% less that their asking prices.
This latest survey increases the likelihood of the recurrence of negative equity. Analysis of Bank of England and mortgage lenders' data suggests that 350,000 homeowners will face negative equity if prices fall by 10% this year - which is being widely forecast by property experts.
This would equate to 3 in every 100 mortgage holders being hit by negative equity.
Kelvin Davidson, the property economist at Capital Economics, said: "This data all adds to the growing gloom.
The number of mortgages granted int hepast year has fallen by 50%. Economists at Citigroup have called this fall 'stunning' and said it is evidence that the credit crunch and falling houing market has made it all but impossible for many people to borrow to buy a property.
The British Bankers' Assoc (BBA) reported mortgage approvals of hyst 35,417 in March, the lowest figure since collecting recors in 1997 and a fall of 46% since March 2007.
The amount advanced totalled £5.6bn in March, down by 43.7% in March 07.
Nationwide is planning to launch a range of new mortgages to help first itme buyers, the group most affected by the recent credit crunch.
Nationwide has said it plans to cut arrangement fees for first time buyers. For instance, for those with just a 5% deposit, the arrangement fee on a 3 year fixed rate of 6.45% will be £299. Most lenders are currently charging closer to £1,000 for new mortgages, while others are charging up to £1,500.
It should also be noted that many lenders are no longer offering 95% mortgages. The Woolwihc, C&G and Northern Rock all require a deposit of at least 10%. Other banks chanrge a higher arrangement fee for those with a low deposit.
Friday, 25 April 2008
The Bank of England (BoE) launched an unprecedented £50 billion scheme this week to bail out Britain’s ailing banking system and help to ease the tightening mortgage market.
The BoE confirmed that it would allow lenders to swap assets for government-backed bonds in an attempt to restore confidence and ease the effects of the credit crunch.
The BoE will allow banks principally to swap UK and European mortgage-backed assets for "safer" government bonds, which banks can then use to raise money.
Mervyn King, the Governor of the Bank, said on monday: “The Bank of England’s special liquidity scheme is designed to improve the liquidity position of the banking system and raise confidence in financial markets while ensuring that the risk of losses on the loans they have made remains with the banks.”
Not everyone has confidence in the new plan; Liberal Democrat deputy leader Vince Cable said:
"I am very concerned that in addition to all the costs associated with Northern Rock, the government is going down the disastrous road of bailing out the banks and leaving the taxpayer with the liabilities,"
The government's decision to go down the route of support for the banks confirms the uncertain state of the housing market, which is having an effect on people's house sale decisions. Many more people are now thinking, "shall I get a house buying company to buy my house?", and are choosing to avoid the long waits, uncertainty and stress of selling their home on the open market by selling their home to quickmovenow.com. Call us for more details.
Wednesday, 16 April 2008
Confidence in the housing market is falling nationally as several recent surveys have shown. Another stark illustraiton are the results from a recent house auction in Leeds.
Out of 93 lots on offer, only 48% were sold. In an auction in Bradford, just 4 lots of out 11 were sold.
This gives a graphic illustration of the freeze in lending and overall current caution in the housing market.
For those people looking to sell their house quickly, an auction has often been seen as a worthwhile option. However, you must now bear in mind that even if your house is one of the lucky ones to be sold, what price will it actaully achieve?
This is where quickmovenow.com can help. Not only will you achieve certainty in the sale of your house - we will guarantee to buy your house, but you are also like to receive more moeny for your house than at an auction.
Also bear in mind that auctions are the traditional route for the disposal of repossessed properties. With a lack of buyers, prices again will be hugely depressed. If you find yourself on the route to repossession, call quickmovenow.com now - we can help you achieve a better price for your home.
Why is the Government destroying the UK housing market? Is it intentional or just incompetence?
The Government in general and Gordon Brown in particular have done well out of the housing boom over the past decade. Stealth taxation via stamp duty and inheritance tax have enabled them to increase public spending faster than the economy has grown, while lax controls in the credit market have powered equity release to feed consumption growth in the ‘spend not save’ culture they have encouraged.
They readily blame the sub-prime problems in the USA for the current state of the UK housing market but we believe the real rot is much closer to home! Northern Rock has little to do with the sub-prime debacle but everything to do with a business model the Government tells us was flawed, but which was regulated and controlled by the FSA and the Bank of England? Indeed the flawed business model they criticised Northern “Wreck’s” management for, is precisely the same model they are now wrestling with. They can drop base rates but the real world is running off LIBOR, which is priced against toxic debt not political whim.
At the same time the uncontrolled inflation of house prices has encouraged off-plan investors and buy-to-lets while producing an impenetrable barrier for first time buyers. The Government has of course enjoyed dramatically higher Stamp Duty - £6.4 billion in 2006/7 - to squander on ever increasing Government (out of control) spending. When will they be made to measure the benefits achieved from their expenditure honestly and consider the costs to the economy?
Meanwhile the total lack of understanding of the new-build planning process means we are still building too few dwellings and those we are building are of the wrong type – 50 per cent flats compared with 15 per cent in 1996. Following this, new built flats are now selling at auction 26 per cent below their original selling prices while instead of building more, housing starts are actually falling. As if this is not enough, their dogmatic insistence on introducing HIPS, in the face of the best advice from all stakeholders, has added insult to injury in a market already suffering from economic mismanagement over the last 10 years.
I leave you to debate whether all this is incompetence or a deliberate (but failed) attempt to micro manage one of the key drivers of the economy for political aims. Either way if the Government was a public company the senior management would be gone by now!
Hywel Luke
Tuesday, 15 April 2008
With house prices falling, many buy to let landlords may have to add extra capital into the homes under a clause in their mortgage contract.
Both Bradford & Bingley and Birmigham Midshires, each with 20% of the buy to let mortgage market, require custoimers to top up their initial deposits if falling house prices mean their mortgage rises above 85% of the value of their home.
Analysts are now worried that this topping up of deposits will be the final straw for many buy to let investors who will be forced to sell their houses.
Under the terms of the contract, if a £100,000 home with an £85,000 mortgage falls in value by 10pc the landlord has to find another £8,500 to maintain the lender's maximum 85pc loan-to-value rate - even though there is still £5,000 of equity in the property.
This topping up of deposits is required at revaluation and there are 679,000 buy to let mortgages due for renewal this year and next, with many taken out at an 85% loan to value.
Rising mortgage rates will also affect these investors with many original mortages taken out at 5.25% - the current prevailing rate is 6.5%.
Confidence in the UK housing market has reached its lowest in 30 years according to a new survey from RICS.
78.5% more surveyors reported a fall than a rise in house prices. This is the worst figure since RICS starting compiling this survey in 1978.
The report shows more surveyors than ever, 73%, believe that prices will fall over the next 3 months.
In the East Midlands, 90% o surveyors reported price falls, 85% reported falls in East Anglia. Scotland is the only area not reporting falls.
RICS blamed the figures on the credit crunch and the ensuing difficulty people are having in securing mortgages. However, they still say that a large fall in prices is unlikely.
Tuesday, 8 April 2008
New analysis from the credit rating agency, Experian, shows that up to 75,000 households are under threat of negative equity.
Areas of Manchester, Glasgow, south-east London and Birmingham are said to be potential "negative equity hot spots", as the value of the average home is only a modest amount above the mortgage on the property.
It is understood that the information is being looked at by banks and building societies, which may refuse to lend money to people living or moving to the negative equity hot spots.
According to the research, 78,394 households have less than 20 per cent equity in their homes, and face being plunged into financial turmoil if house prices fall by 20 per cent - as some experts predict.
If house prices fell by 25 per cent, a further 87,524 households would be dragged into negative equity. More than 8,000 people are already in negative equity and more than 23,000 would be if house prices fell by 10 per cent.
100% mortgages are no longer availbale, with the Abbey being the final bank to withdraw its 100% mortgage product yesterday.
This finally signals the end of an era where people could purchase a property with no deposit at all.
Buyers will now need a deposit of at least 5pc - an average of £10,000 - to purchase a home.
House prices across England and Wales saw their sharpest fall last month, since 1992, according to the latest report from the Halifax.
Overall in March, prices fell bt 2.5% with falls reaching 5% in certain areas.
Halifx has now changed its annual forecast from house prices remaining flat, to a forecast of a small fall in prices.
The annual rate of house price inflation has now fallen to a 12 year low of 1.1%.
House prices in the Midlands fell by 5% and in Wales by 4.7%. Conversely, the North saw a rise of 1.2% and Greater London a rise of 1.6%.
Tuesday, 1 April 2008
The latest figures from the Land Registry today show house price inflation falling again for the 6 month in a row. House price inflation now lies at 5.6%.
House prices in England and Wales in February remained the same as the previous month, with the average property costing £185,616.
Prices in London actually fell by 0.4%.
A number of surveys over the past week have shown house prices falling at the fastest rate since the early 90s.
Last week Nationwide revised its opinion that house prices would be static in 2008. It is now predicting a "modest fall" in prices by the end of the year.
Despite prices falling, there are few new buyers in the market showing the effect of the creit crunch on the UK housing market. The cost of new mortgages is rising and today for the first time, existing mortgage holders are facing higher rates, with NatWest raising mortgage rates for those on its offset mortgages from 6.2% to 6.45%.
With mortgage rates tending to follow base rates, which are expected to fall, these moves are highly unusual.
If you are finding it difficult to sell your house, or to afford your mortgage repayments, then do give us at Quick Move Now a call - we can help you.
Quick Move Now was featured in the Mail on Sunday at the weekend in an article about "sale and rent back" services. The article highlighted the fact that many house buying companies are offering services where they buy a home from a customer, then rent it out to them so they can stay in their property. The article highlights the concerns about the practice held by many people in the industry. Helen Loveless, the journalist writing the piece, commented that "...despite many former homeowners being led to believe they will be able to stay in their homes as long as they like, standard tenancy agreements are drawn up for between 6 and 12 months, which means they can be evicted with little notice, or face soaring rents."
This is the reason that Quick Move Now do not partake in sale and rent back schemes: often people who need to sell their house to us do it because they can't afford their mortgage; if this is the case, it is unlikely that they would be able to afford the rent on the same property. So the ethics of sale and rent back schemes are questionable. It's for this reason that the Chancellor recently announced that sale and rent back schemes would be investigated by the Office of Fair Trading. We welcome this.
The article also mentioned a Quick Move Now case study: "Anne says: 'You hear horror stories about companies who claim to buy your home quickly and charge huge fees or undervalue the property. But we got a good price (from Quick Move Now) and the deal meant we now live where we really want to.'"
Thursday, 27 March 2008
Financial confidence in the UK has been rocked recently by a downturn in the economy. Many leading economists are saying that we are on the brink of the first recession since the early nineties. Between 2000 and 2006 there was a 156 per cent increase in bankruptcies in the UK. To combat such trends and the effect it has on the economy as a whole, the government introduced Individual Voluntary Agreements (IVAs) in 1986 as a very worthwhile alternative to bankruptcy.
An IVA is a formal agreement between you and your creditors where you will come to an arrangement with people you owe money to, to make reduced payments towards the total amount of your debt, in order to pay off a percentage of what you owe. Generally after 5 years your debt is classed as settled. Due to its formal nature, an IVA has to be set up by a licensed professional called an Insolvency Practitioner (IP)
Providing the majority of your creditors decide to agree with your proposal and approve the affordable settlement amount, this forms a legally binding agreement or contract that prevents any of the creditors, (regardless of whether they were for or against the decision) from pursuing you any further.
Despite being set up in 1986 IVA debt help and UK IVA advice has only really become mainstream and more popular over the last two to three years. In fact in 2006 alone, there were more than 15,000 UK IVA applications that were successfully negotiated by professional IVA advisers and IVA companies based throughout the country.
The figures show that there was a 400 per cent increase in IVAs between 2000 and 2006.
Many of the people who have either gone bankrupt or agreed to an IVA could have considered another option, one to take before things get out of hand: selling their home to Quick Move Now. Selling your house and freeing up valuable capital can often mitigate against or solve debt problems. But with the downturn in the housing market many people are struggling to sell their house. Quick Move Now can solve the problems of this slow market by guaranteeing to make an offer on your property.
Selling your house in this way can allow you to often pay off your debts without incurring the stigma and hardship of bankruptcy. IVAs can be an alternative, however they do have downsides: they are usually only suitable if the debtor has unsecured debts of at least £15,000; the home and assets of the debtor can still be at risk if the creditors decide not to exclude them; all IVAs are recorded in a public register and will almost automatically appear on your credit file. This could affect any future applications for credit. So a good option can often be to deal with debt problems before things get to the bankruptcy/IVA stage, and release the capital in your home with Quick Move Now before you credit record is affected.
Tuesday, 18 March 2008
The growing liquidity and credit crisis has led to a large drop in the number and type of available mortgages.
Very few 100%+ mortgages are now available.
Halifax, the largest lender, increased the rates on some of its tracker mortgages by up to 0.3 percentage points.
Rates on fixed-rate deals have also been increased. Scottish Widows pulled its two- and three-year fixed rate mortgages and all of its buy-to-let range.
UCB, part of Nationwide, also pulled all its rates at a few hours' notice. Capital Home Loans stopped offering loans to buy-to-let investors wanting to buy newly built apartments.
Abbey also announced that investors would need a deposit of at least 35 per cent of the value of any new-build property before it would offer a mortgage.
This is another blow to the buy-to-let market, which has seen the value of some new apartment blocks in Leeds, Manchester and Norwich fall substantially.
The collpase of Bear Stearns has increased the cost of money on the wholesale markets, from where mortgage lenders raise their money for lending.
Melanie Bien, a director at the mortgage broker Savills Private Finance, said: "This is going to cause mortgage rates to keep on edging upwards. There is just no more money to lend."
Anyone with a £200,000 repayment mortgage, who took out a two-year fixed rate deal in March 2006 would have been paying £1,161 a month. The best equivalent deal now costs £146 more each month.
It has been reported that many more people will face higher mortgage costs this year, than previously reported.
According to John Charcol, almost 3 million mortgage holders will be coming off fixed rate mortgages this year, and consequently, we be facing significanlty higher mortgage repayments.
According to John Charcol, monthly payments will be increasing by anything up to £300 per month for many people.
The number of people affected is significantly more than the 1.5 million reported earlier this year by the FSA. Unlike the FSA's report, the Charcol figures also include those people coming off 3 and 5 year deals and also coming off Tracker mortgages.
This report comes on top of the latest developments in the credit crunch
Thursday, 13 March 2008
The issues surrounding people reaching the end of their fixed interest rate mortgages has been in the news for months, sources suggest that over a million deals will end this year.
We are finding these statistics are now turning into reality with many more clients approaching us who are experiencing difficulties with increasing payments.
A typical recent example was a couple in South Wales who had invested in a single buy to let property. They had a fixed rate mortgage upon which they were paying £400 a month-the rental they received just covered this amount. Their fixed rate ended in January and they now have to pay £570-an increase of £170 which the rental income just won’t cover. They are desperately shopping around but just can’t find a new deal anywhere close to original deal and they just can’t afford to contribute to the rental mortgage.
Unfortunately their options are limited. It isn’t possible to increase rent and selling on the open market in the current poor conditions is unlikely to be fruitful or quick, especially with a tenant living at the property. So they are left to struggle on financially until lending becomes more affordable or the market improves, both of which are probably a long way off.
Quick Move can provide another option to people in this or similar situations as we buy property quickly which can allow the mortgage to be cleared and the financial burden reduced.
Tuesday, 11 March 2008
The mortgage market is shrinking under the impact of the continuing problems in the banking system, say lenders.
Figures from the Council of Mortgage Lenders (CML) show that new loans for home buyers fell to 50,300 in January, the lowest level for nine years.
That was 11,700 fewer than in December and 25,500 fewer than in January 2007.
The CML also said that lenders' tougher loan criteria were forcing borrowers to put down larger deposits and accept smaller mortgage offers than before.
"The wholesale funding markets remain largely closed and mortgage funding still remains constrained," said the CML's director general Michael Coogan.
The credit crunch is now having a meaningful impact on the availability of finance for home purchases
Simon Rubinsohn of RICS said: "This is now having a discernible impact on lending criteria and the ability of first-time buyers to get into the housing market."
The number of new loans being taken by house buyers is just under half that lent a few months ago in August 2007, when there were 103,000 such loans.
In the latest RICS survey for February, the number of surveyors reporting house price falls was close to levels not seen since June 1990.
64.1% more surveyors reported a fall than a rise in house prices in February - up from 54.7% in January. In June 1990 64.5% of surveyors reported falls, so we are now very close to record low levels.
This is the 7th consecutive month that more surveyors have reported falls than rises is this survey is seen as a good baromoeter of market sentiment, as it is reported by people actually on the ground, doing the valuations.
Enquiries from new buyers fell for the 15th month, suggesting a continued slowdown.
Many would-be-buyers are either struggling to raise the necessary finance to precipitate a move or are exercising caution in light of current economic uncertainty," said RICS.
"Confidence in the market is clearly having an effect on prices," said RICS spokesman Ian Perry.
The lack of buyers is causing a stockpile of houses on the market in some areas of the country. If you find yourself in this situation - you want to sell, but can't find a buyer - then call Quick Move Now. We are the UK's leading home purchase specialists and we can arrange to buy your house, for cash, in as little as 7 days.
Give us a call today on 0800 068 3366.
Thursday, 6 March 2008
If you listen in on conversations taking place in kitchens, pubs and workplaces around the country, property is always one of the hottest topics. With the slowing of the housing market, one aspect of the subject that is increasingly being discussed is the incentives offered by house building companies to tempt potential buyers.
The incentives are an attempt to lure in potential buyers who, with talk of an imminent dip in prices, are reluctant to splash out on a new home. House builders have responded to this with an array of sweetners to make the prospect of puchasing a new build property with firms like Barratt and Wimpey more alluring. Examples of this include: giving away free carpets and curtains with every house; paying the buyer's stamp duty and paying the buyer's mortgage for one year after moving in.
Some of these incentive ideas are relatively new, but one of the older ones is for the house builder to offer a property part-exchange. This is where someone who wants to move into a new build house buys a house from the builder but also sells their current house to him (or her), for a below market value amount, thus part-exchanging their property.
At first glance, this might seem similar to what Quick Move Now do. However, there are a number of advantages of part-exchanging your home with Quick Move Now over a house builder:
1. House builders will only buy certain types of house. For example, most will not buy ex-council or leasehold properties. Quick Move will guarantee to make an offer on any property.
2. Many house builders will not buy out of area; that is, not outside of the area where the customer is buying the new build property. Quick Move are a national company, and will make an offer on properties in any area.
3. House builders have a finite amount of part-exchanges they will do in a year: when their quota is full, they will not do any more, limiting the options of people wanting to part-exchange. Quick Move Now has an annual turnover exceeding £70 million and are always ready to buy homes.
4. In order to qualify for a house builder's part-exchange, movers need to move upmarket and buy a home that is worth at least 30% more than the value of their current home. There are no such restrictions with Quick Move.
Quick Move Now are one the market leaders in home part-exchange: call us today on 0800 068 3366 to find out more about what we can do for you.
The Bank of England today left interest rates unchanged at 5.25% held back by fears or rising inflationary pressure.
The BoE is expecting inflation to rise to 3% with rises in commodity prices and so has held rates constant.
Most economists do expect further rate cuts this year. Roger Bootle warned that whilst rates will be cut further, the delay in cutting them is likely make any economic downturn worse.
Tuesday, 4 March 2008
According to the Financial Services Authority (FSA), 1 in 5 people (20%) is worried about meeting their monthly mortage repayments.
The FSA is particularly concerned with those mortgage holders coming off fixed rate deals this year, who are likely to face increases in their mortgage rates.
"Economic conditions are getting tougher, putting pressure on family finances," said Chris Pond, FSA director of financial capability.
Last month, the Council of Mortgage Lenders (CML) said repossessions rose by 21% in 2007 to 27,100 homes, the highest figure since 1999.
It also said the numbers of mortgages behind on payments rose by 8.6% compared with 2006.
The CML expects the number of homes taken over by lenders to rise further in 2008, as the credit squeeze continues to tighten.
If you're having problems meeting your mortgage costs and need to sell your house quickly, contact Quick Move Now on 0800 068 3366 - we can help.
Monday, 3 March 2008
The number of properties actually being sold at auction has fallen to a 3 year low, as buyers become more cautious.
RICS reported that only 57% of houses put up for auction actually sold in the last quarter of 2007, compared with 69% in 2006.
7,732 properties were auctioned during the fourth quarter, close to historically high levels.
However, only 4,539 of these were actually bought, leaving 3,310 unsold - 50% more than a year earlier.
RICS blamed the drop on a combination of greater uncertainty about the housing market, as well as tighter mortgage lending conditions as a result of the credit crunch.
RICS also said there had been a 50% jump in the number of repossessed properties that went under auction, with repossessions increasing as a result of higher interest rates.
This underlines the value of the service offered by a quick house sale company such as Quick Move Now.
For those looking to sell their house, or who face repossession, we can act quickly & provide certainty:
- certainty that you will sell you house
- certainty of the timeframe for selling
- certainty of the price you will receive
Don't leave your house sale to the vagaries of a property auction - call Quick Move Now and sell your house with speed and certainty. Callus on 0800 068 3366.
Friday, 29 February 2008
Nationwide's survey shows that house prices fell in February by 0.5%.
This is the 4th month in a row in which they have reported a fall, taking the average house price down to £179, 358.
Various surveys have charted a decline in the housing market since last summer, with figures released on Thursday from the Land Registry also showing a slowing in the annual rate of house price inflation.
Nationwide is seeing these falls as positive in that the falls are not larger, still forecasting a slowdown rather than a crash.
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