Feb
26
26/02/2010
Mortgage lending dropped significantly in January of this year. While it is normal to show a drop in sales during the month of January each year, this year’s drop stands out as particularly pronounced. This is largely due to a hangover effect from the throngs of hopeful home buyers rushing to buy homes before the end of the stamp duty holiday in December. During the break, the threshold for paying stamp duty rose to £175,000; however, at the beginning of 2010, it dropped back down to £125,000. This, as well as ongoing economic components, was a factor in the 32% drop in gross lending of home loans from December, the lowest since February 2000.
If you are facing challenges in securing a quick house sale, you may consider the services of a sell house fast specialist. Sell home fast specialists will buy your home fast for cash, allowing you to enjoy a quick house sale with the additional benefit of no valuation fees or estate agency fees. The sell home fast offer will be turned around within hours and your sell house quick specialist can exchange within 2 days.
For a valuation to sell house quick, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a sell house fast response within hours.