It's a funny old world we live in. It was doom and gloom for the property market, now its doom and gloom for the stock market. As a result its all switched.

Housebuilders values have risen, interest rates have dropped (0.75% in the US) and the UK interest rates will follow which will bring UK property bang in to fashion again. I reckon there will be a 0.25% cut in interest rates in February (possibly a 0.5% cut) which will make property investment that much more attractive.

I would check the 5 year fixed rates as I reckon some excellent deals will start emerging in the next 2 weeks. These deals may not stay around for long, so if you see a sub 4% fixed rate deal then grab it!

To have a chat with my broker please click here.

Best of luck.

Ajay

 

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Posted on: 26th Jan 2008