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How to buy your first home in 2009 |
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16 February 2009 |
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 Spring is just around the corner, which is traditionally the time of year when house-hunters take to the streets and scour properties up for sale. But this year is a little different, and first-time buyers will need to do their homework. CashQuestions has put together 10 top tips to arm yourself with before heading off to the estate agents.
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Rising from the financial ashes: cheap buy-to-let homes |
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29 October 2008 |
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Not everyone is suffering from the financial downturn. In fact there are a growing number of canny investors opting to use it to their advantage by buying cheap - and potentially repossessed - properties at auction.
Morals aside, the financial motivations of getting into property investment now are clear. Although the current headlines are focusing on property price falls – according to figures from Halifax for example, the price of the average home is now 12.4% less than it was this time last year – bricks and mortar have still rocketed in value from 10 years ago when an average home cost just £66,366. And even the staunchest of pessimists believe that, in the long term, property will rise in value again.
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Should you let those unsold developments? |
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13 October 2008 |
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 Paul Windsor (pictured left) examines the tax consequences of letting those unsold developments until market conditions improve
Like the ebbing tide across the beach, the liquidity of the markets seems to have disappeared over the horizon leaving rental as the only solution for all those many unsold flats in recently completed development projects across the country. If by generating some rental income you can offset that rapidly accumulating interest it will keep the bank manager happy - for the time being at least.
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Preparing for negative equity |
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05 September 2008 |
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If you have bought your home in the last two years with a large mortgage, the latest figures from Halifax will not make welcome viewing. They show that house prices fell by 10.9% between August 2007 and August 2008, which will put more of these homeowners at serious risk of state of negative equity.
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Selling your home: what you need to know now |
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14 December 2007 |
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Putting up the "For Sale" sign this winter is likely to throw some homeowners on to a steep learning curve. The first thing they will notice is there is no surge of buyers shouting the asking price and more. They may also note that estate agents are even keener to take their business than usual, due to an exceptionally quiet market. And finally they will encounter some extra costs from the last time they sold.
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