A few years ago the housing market in the UK was like a runaway train – it seemed that nothing could stop its momentum. But world economies and banking problems in other countries have had an impact on fiscal policy in the UK and the housing market has become a very different creature to the one it used to be.
The collapse of the sub-prime market in the US is responsible for a lot of what we’re witnessing in the UK markets. The banks and building societies have had their fingers badly burnt over money lent to the US; the ripples that started spreading when the news first broke are, it seems, far from over. Bank rates in the UK have gone up and mortgages are harder to obtain. Building societies, especially those that are now publicly owned, are feeling the pinch and in general getting loans is becoming more difficult.
All this has had an impact on every part of the housing market. Anything that affects first time buyers will cause murmurings further up the property ladder. Those that had bought for investment are getting cold feet and coming out of the market, and those who may have been considering a move are sitting tight, waiting to see what the future will bring.
For those trying to sell it’s a gloomy picture. Although there are still parts of the country where sales are good, if not as buoyant as previously, there are other parts where ‘for sale’ boards have been up for so long they’ve become part of the landscape.
If you are waiting for a sale, regardless of the reason for your move, this is an unpleasant situation in which to be. Once the decision has been taken to move house no one wants to be left hanging around with the uncertainty of if, and when, a buyer will turn up.
With Property Rescue your home could be sold immediately. They will make a guaranteed offer for your home, no matter what type of property it is or where it is situated, and the sale could be concluded within a few days or weeks – for cash. You don’t need to pay estate agents costs and there are no hidden extras.
Give Property Rescue a call and end the misery of not being able to sell your home.