Please click on the following link to access this months property investor factsheet:
November 2009 Property Investor Factsheet
A few encouraging signs to note include the fact the number mortgage approvals is
at its highest level since January 2008; debt levels remain fairly stable and the number of
people being made redundant on a daily basis has decreased by 19% since last month.
According to Nationwide, mortgages should remain affordable well into next year due to the continued weakness
of the economy. Although LTVs remain relatively low, there are some competitive BTL
mortgage products available.
However, although more RICS surveyors are pointing to an increase in house
prices, the organisation has recently stated that this increase is artificial and caused by
the drought of house sellers in the market place. Added to this that, contrary to the belief that
the economy had started to recover, the UK remains in recession (the economy shrank by 0.4 per cent
compared with the level of activity in the second quarter).
Note that we have added a couple of extra sections: ‘Number of new debt problems dealt with by the
Citizens Advice Bureau each day’ and the ‘Government national debt increase’.
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Please click on the following link to access this months property investor factsheet:
November 2009 Property Investor Factsheet
A few encouraging signs to note include the fact the number mortgage approvals is at its highest level since January 2008; debt levels remain fairly stable and the number of people being made redundant on a daily basis has decreased by 19% since last month. According to Nationwide, mortgages should remain affordable well into next year due to the continued weakness of the economy. For property investors, although LTVs remain relatively low, there are some competitive BTL mortgage products available.
However, although more RICS surveyors are pointing to a rise in house prices, the organisation has recently stated that this increase is artificial and caused by the drought of house sellers in the market place. Contrary to the belief that the economy had started to recover, the UK remains in recession (the economy shrank by 0.4 per cent compared with the level of activity in the second quarter).
Note that we have added a couple of extra sections: ‘Number of new debt problems dealt with by the Citizens Advice Bureau (CAB) each day’ and the ‘Government national debt increase’.
