If you’re preparing to sell your Fife property in the New Year, then you might be feeling a little overwhelmed at the amount of work your Fife home requires before taking it to market. But don’t fret; we’re here with a list of top tips to help get you ready to show off your Fife home.
I know it’s been a while, but this week has definitely seen some good news in the mortgage market!!!
Since Luz Truss’s resignation the money markets have started to calm a little and number of the lenders that had withdrawn from the market have returned.
But even better, over the last couple of days some of the big high street lenders have actually reduced theirs rates slightly for the first time in many months, with more to follow!!!
Other lenders have started bringing back more of their product ranges, and a least one large BTL lender has just reduced it’s rental calculation stress rates, making it easier for property investors to get the funding they need.
Obviously, there is a lot of talk about another Bank of England Base Rate rise next month, but with the mortgage market stabilising and improving after weeks of uncertainty and chaos, now might just be the perfect time to lock in that fixed rate you’ve been thinking about.
Expert advice is more important than ever, so please feel free to get in touch with Neil Bird for a chat.
Could the high levels of mortgages that Fife people take out cause another property crash?
Many Fife homeowners and landlords have been contacting me recently and asking what will happen to the Fife (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash?
Yet higher mortgage rates could see Fife buyers paying a lot more each month for the privilege
Being a Fife first-time buyer in the last 12 months has not been an easy thing. Just before lockdown there were 400 ‘5% deposit mortgage’ deals and first-time buyers were able shop around to get the best deal. When the first lockdown hit, 5% deposit mortgages disappeared, meaning that as many Fife would-be first-time buyers were about to buy their first Fife home in 2020, the rug was pulled from under their feet. Continue reading FP TV (EP 31) Fife First-Time Buyers Can Now Buy Using 5% Deposit Mortgages! (Watch/read/listen)
Hosts Jim Parker is joined by Letting Agent Richard Cook and Estate Agent Jimmy Mullen to discuss this week’s news in the Fife Property Market while answering questions live on their TV show every Saturday morning @ 9.30am.
Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk? In this article I discuss the implications of what that would mean both nationally and locally in Fife.Continue reading Fife’s ‘Generation Rent’ to Become ‘Generation Buy’? (3 min read)