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.
James UK Mortgage Articles October 8, 2006
Posted by ukmortgagez in Mortgage Economics, Mortgage Insurance, Mortgage News.add a comment
I would like to say that we have a new author on UKMortgagez. James has started writing for us and we have created a section for him on the UKMortgagez site so that you can have a look at his different ideas and helpful hints on the Mortgage business.
His section is under mortgage articles.
Let us know what you think of his ideas.
UK Mortgage Insurance October 4, 2006
Posted by ukmortgagez in Mortgage Insurance.1 comment so far
In the UK today there are a wide variety of Mortgage insurance options.
It’s a bit over whelming really with all the options that are available to the consumer these days . UK Mortgagez has put together a list of options available to the UK consumer and has written some really good articles about the different Mortgage insurance businesses in the UK.
I would strongly suggest you go and check out the UKMortgagez insurance section for ideas and options around your mortgage insurance if you haven’t already gone to see this then go straight away to get some good ideas about your mortgage insurance.
Calculating Mortgage APR October 3, 2006
Posted by ukmortgagez in Mortgage Economics.add a comment
One of the most common concerns is how average percentage rate (APR) is calculated. At UKMortgagez there is a very good detailed explaination on the subject that I would like to direct you too.
The crux of the matter is that is the APR calculations are not are all equal. UK and European APR calculations are different to those found in the USA. It is important to therefore bare this in mind when you look at APR figures given by different companies.
The UKMortgagez article goes into great detail around this issue and I would like to suggest that you consult the article in more depth if you happen to be interested in APR calculations.
Interesting UK Sites October 2, 2006
Posted by ukmortgagez in Mortgage News.add a comment
I am always looking for interesting uk mortgage material.
I currently have two main websites that I would like to tell you about.
Firstly Housepricecrash.co.uk which is a community website that has a forum about mortgages and other news about mortgages. In my opinion the site is somewhat biased against house prices falling but I can understand the rational all the same and appreciate the information that they provide on the subject.
The second site that I like to look at is the British Bankers Association or the BBA. This site provides good industry knowledge and insights into the UK economy.
I would like to add that I do not have affiliations with either of these sites.
