To be honest I am not sure. It seems rates are dropping by all the large lenders with rates at the same level pre-credit crunch.

Lending between banks have started again and I reckon it could be business as usual by January when everyone looks back at the credit crunch and says ‘do you remember the credit crunch last year?'

So what does this mean in connection with making money from property? Well it means that buying properties will be easier for those who wish to buy. So if you are considered one of the insane people who wish to buy right now (even though you are actually very smart) it could start getting easier.

Combining the fact that you will be able to get a bargain as there is a lack of buyers suddenly now to January looks like a WINDOW of opportunity!

And by the way, as they all talk about a property crash they choose to ignore that the stock market and pension funds are nose diving. Just checked the FTSE 5 mins ago and its 5260. It was at this level 10 years ago. This means you would have made a fat ZERO if you put it in the stock market.

So in summary:

Stock market at Sep 1998 prices
Property market at Sep 2007 prices

I know where I would have put my money in the last 10 years!

Ajay

PS if you want to get involved please REQUEST A CALLBACK

Posted on: 5th Sep 2008