An announcement by the Financial Services Authority is likely to further toughen lending criteria in a market already struggling. There's likely to be a an age-limit on mortgages, with lenders needing to show they've grounds to expect a loan to be fully paid off by the time a borrower's in his or her mid-70s. Interest-only mortgages without back-up from some kind of investment plan are likely to get the chop entirely. Self-employed borrowers will need to prove affordability with audited accounts. Mortgage brokers are already making noises about the effects on "struggling" homebuyers.
Here at Ark we sympathise with people who want to get on the property ladder but it is good news for landlords. If people with good incomes and credit scores can’t get
mortgages then there are more quality prospective tenants to rent your property!
Monday, 29 October 2012
Tuesday, 16 October 2012
Landlords...........we have lots of people looking for property!
Its a busy time of year here in the Ark office, we have lots of people looking for a new home. If we dont have exactly what a person is looking for, we register them and contact them when new property becomes available.
We currently have 84 people registered and looking for a one bed property.
At the moment 2 beds are the most sought after and we have 108 people waiting for their perfect property.
3 and 4 beds are also popular and we have 32 people looking for a 3 bed and 4 people looking for a 4 bed.
As you can see we have lots of people registered and ready and waiting to move.
Call us today and we will be hapy to arrange a valuation on your property. We offer both straight let and fully managed options to ensure your property is well looked after whatever your requirements.
We currently have 84 people registered and looking for a one bed property.
At the moment 2 beds are the most sought after and we have 108 people waiting for their perfect property.
3 and 4 beds are also popular and we have 32 people looking for a 3 bed and 4 people looking for a 4 bed.
As you can see we have lots of people registered and ready and waiting to move.
Call us today and we will be hapy to arrange a valuation on your property. We offer both straight let and fully managed options to ensure your property is well looked after whatever your requirements.
Friday, 5 October 2012
There's two sides to every story
A man mentioned to his landlord about the tenants in the flat above his. “Many a night they stamp on the floor and shout till midnight.” When the landlord asked if it bothered him, he replied, “Not really, for I usually stay up and practice my trumpet till about that time most every night anyway.”
Just shows you how it is all about perspective. There is no right or wrong, just what you have.
Just shows you how it is all about perspective. There is no right or wrong, just what you have.
Subscribe to:
Posts (Atom)