The lenders are back.  There are rumours flying all over the place of another BIG entrant coming back to the buy to let mortgage market.

I sat down with our mortgage brokers for lunch the other day and they told me of more rumours which were all too pleasing to the ear.

So with lenders coming back, properties coming back (due to the abolishment of HIPS) and appetite at its highest due to pent up demand I think we will see one really great thing happen:

Not property price rises

Not an end to the recession

Not better returns for landlords

But one thing:

A recovery for the property INDUSTRY.

This will mean:

• Estate agents will start making enough sales to cover their rent on their shops
• Lenders will make money as they lend more
• Surveyors will get more instructions as everyone wants to buy
• Solicitors can start recruiting more conveyancers as more property sales occur
• Mortgage brokers can start putting their down payments on those luxury 4x4s as more mortgages are being written

So regardless of what property prices, rentals or the economy does NOTHING can halt the force of people finding the property they want and be ABLE to buy it.  This will certainly cheer up all those who were left out from home ownership and we should start seeing the home furnishing and DIY stores flourish also.

Am I glad of this?  YES!  Property will resume to its natural glory.  We as a nation love property and this force can never be stopped only temporarily stalled.  I think we will see the market gather pace and we may never see prices like we are seeing ever, ever again.

So for those who like to watch the property market take note of the low prices and plug it in your spreadsheet.  For those who like to take action CONTACT US and capitalise on the low prices of the historic year 2010.

CONTACT US NOW

 

 

Ajay

Posted on: 1st Jun 2010

Bookmark:

del.icio.usdiggFurlFacebookRedditYahooSpurlSmarkingSimpyStumbleupon