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Property investment credit is getting tough - so what is out there and what does it mean for UK property prices

How has mortgage availability been tightened in the last two weeks and what are the implications for the housing market in general and buy to let in particular...

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Property investment credit is getting tough - so what is out there and what does it mean for UK property prices
Admin Member Image Ben Greenwood (PS) Property investment credit is getting tough - so what is out there and what does it mean for UK property prices
Posted: Mar 24 08 14:11
Total Posts: 183
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While that might be the Property Secrets view, that's not really what I think.

At least not where I live - and that's got to be taken into account, surely? If you take the UK market as a whole, then sure, wait.

But if you take it local, I believe you can buy now. There's a few houses near me that, if I had the deposit, I'd buy now pretty sure they wouldn't fall in value.

Admittedly, they won't rise much, if at all, for the next 12 - 18 months, but they'll let and with interest rates so low and likely to fall, I would cover the repayments.

I just don't agree that you can paint a whole market with the same brush.

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david lawrenson (PRO Member) RE: Property investment credit is getting tough - so what is out there and what does it mean for UK property prices
Posted: Mar 28 08 13:27
Total Posts: 2
Users Rating: unrated

Yes, in reply to your email I'd agree it does depend on area and my article was a general view of the UK market
I myself have just bought another property in an area I think will do well and where I think any downturn will be shortlived
Regards
David Lawrenson
Auhtor and consultant

Ben Greenwood on Mar 24 08 14:11 wrote: While that might be the Property Secrets view, that's not really what I think.

At least not where I live - and that's got to be taken into account, surely? If you take the UK market as a whole, then sure, wait.

But if you take it local, I believe you can buy now. There's a few houses near me that, if I had the deposit, I'd buy now pretty sure they wouldn't fall in value.

Admittedly, they won't rise much, if at all, for the next 12 - 18 months, but they'll let and with interest rates so low and likely to fall, I would cover the repayments.

I just don't agree that you can paint a whole market with the same brush.

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