New Venture April 6, 2008
Posted by ukmortgagez in Online entertainment.add a comment
A mate of mine has a new website that I think is going to rock.
Why not check it out. Maroonbox.com
This is the next entertainment console for the internet. Its well worth a download and its completely free.
Property Market – Drepression on the way August 7, 2007
Posted by ukmortgagez in Economics, Mortgage Economics, Mortgage News, Property.1 comment so far
Its been a bit of time since we last updated this blog so I thought I would catch up on the news.
The US property market is in decline with a number of mortgage lenders in trouble.
It looks as if the UK property market is going to flatten out. You can check this site out for UK housing stats in your area.
UK interest rates are going up too.
So the obvious conclusion is that at sometime in the next year or so property prices will be hit.
The US Dollar will devalue further under the weight of the US debt.
Here are our predictions:
- Interest rates in the UK to go to 7% (thats only 1.25% more) in the next 2 years.
- The Pound will strengthen against the dollar but remain steady against other major currencies.
- There will be global recession possibly leading to a global economic depression in the next 2-3 years. This could be as bad as the “Great Depression” 1929.
- The housing market (globally) will be crushed and should devalue by more than half of the current pricing (conservative estimate). This will be mainly due to a run on property by the banks looking to secure their debt.
So who will be left standing and who will benefit:
- People will real value will remain in business but marginal businesses will close down. Debt will not be cheap.
- People with real money (not debt) will be able to pick up great deals and will benefit in the long term.
- People with cash will receive high rates of interest (I have personally seen 24% interest rates in my life time) and property was cheap.
- This will lead to government reforms and a stream lining of the economies across the world.
- Oh and my last big prediction will be that the US Government will default on its government bonds leading to and end of the US dominance and a pull back in military spending, which will ultimately change the global power shift across the world.
So hold on kids this is going to be quite a ride.
Website Change! May 1, 2007
Posted by ukmortgagez in Mortgage News.add a comment
We did some big changes to the UKMortgagez.co.uk website today and you will see that many of the advertising banners have been removed.
The site is a lot cleaner and we are aiming for prepaid advertising deals now.
If you would like to advertise on the UKMortgagez.co.uk website contact us and we can arrange a deal!
Slow Down in the UK Housing Market February 7, 2007
Posted by ukmortgagez in Property.add a comment
Hey Everyone,
Its been a little while since we last chatted about the UK housing market but I thought I would give you an update on our thoughts on the issue.
According to the latest report we read in the Yahoo! property news on the UK the market is showing a slow down in housing prices. This is in line with our orginal commentary on the housing market in the UK. We believe in the next year you will see a recession starting to build in the US. This will lead to problems in the UK housing market as global housing prices will show a marked downward trend. Its all sounding very economics speaking but the lay mans terms means that because there will be less money going around housing prices will fall because of lower demand.
Rental markets on the other hand will show an increase and interest rates will go up. So if you don’t have debt this is a great to be in the market as you will get higher returns on your fixed deposits and higher returns on your rentals.
If you do have debt you will find the coming time a little more difficult to cope in and your best bet right now is to try and get out of your debt situation as quickly as possible.
All the best from UKmortgagez.co.uk
J
Estate Agents UK October 29, 2006
Posted by ukmortgagez in Mortgage Costs, Mortgage News, Property.add a comment
James has come up with some great new articles.
One that I would like to point out is the Estate Agent article. James goes into the perils of working with Estate Agents in the UK.
I suggest that if your in the business of property you have a read through James’s estate agent article for more details. The new articles can be found at James Mortgage page on UKmortgagez.co.uk.
John
World Property Prices October 22, 2006
Posted by ukmortgagez in Mortgage Economics, Mortgage News.add a comment
Just to follow on the last prices about the Property market. There seems to be a world wide trend in property prices. All the developed economies are following an upward pattern. For the first time this year 2006 the US property market is predicted to fall and this might be enough of a knock on affect to bring down the UK and Australian property markets.
That having been said you can not predict what an irrational mass herd mentality will do. Government intervention may be enough to hold the property market steady for a while still but these actions remain to be seen. It is interesting to note how much data is coming out about this predicted slump in the property market and it will be interesting to see how exactly this market plays out.
UK Property Prices October 22, 2006
Posted by ukmortgagez in Mortgage Economics, Mortgage News.add a comment
This is a graph of the UK Property Prices. Whaty I find interesting is that many people do not believe that property prices can go down. I hear arguments about how it won’t happen and the market will just flatten out at a worst case scenario. Prices have gone down in the past and they will go down in the future.
Property is not an immune asset class to falling prices. What is obvious is that many people have not seen a property fall in about a generation. They believe because property is an immovable asset it will hold it’s value and go up. They have been right for the last 10 years but 20 years ago people from a previous generation felt the affects of a price fall on the property market.
Let buyer beware that property is not a stable asset class over the long run.
I do not like to make predictions about the future but what I can say with some certainity is that property prices will come down in the future and your investment is never as secure as you believe. One of my favourite investors in the modern area always goes back to the same speach which goes something like this, “Investing is based around fundamentals the core of which is return on investment and free cash flows.” Property has free cash flows in the form of rental and one must consider the rental incomes in working out the ROI and value of the asset class.
Next time I’ll try to write about rental incomes in the UK.
Pre Approval Mortgage Bonds October 19, 2006
Posted by ukmortgagez in Mortgage Costs, Mortgage News.add a comment
People often forget a very important step in the process of purchasing a home. That is to find out what your pre approval mortgage amount is. This way you know what range you can shop for property in. Obviously you do not want to make an offer on a property and then find out that you have to withdraw your offer.
There is a good article about this exact topic on the UKmortgagez website that I would like to draw your attention to.
Good luck with your pre approvals!
General News October 19, 2006
Posted by ukmortgagez in Uncategorized.add a comment
I thought I would give some general news about what’s been happening at UKMorgagez in the last week.
We are constantly researching and developing new material for the website. We will hopefully upload a fresh batch of mortgage articles in the next couple of days. I will let you know where to find them and what I think is of interest.
Mortgage Costs October 14, 2006
Posted by ukmortgagez in Mortgage Costs, Mortgage News.add a comment
So for those of you that have a mortgage already you will know all about the costs associated with getting a mortgage.
For first0 time buyers it’s often good to do your research before the time in order to make sure that you have budgeted correctly for this big expense. James from UKMortgagez has put together a nice article on the Mortgage expenses.
Please let us know if there are any other articles that you would like the guys at UKMortgagez to research. They are always looking for new topics and interesting angles on the UK Mortgage market.
