Friday 14 January 2011

Good time to buy?

http://uk.finance.yahoo.com/news/Escape-landlord-good-yahoofinanceuk-508312233.html

This article is something I have read today and its so nice to see some encouragement about buying a property in the current market.

"But while falling prices and low interest rates make rising rents less excusable, they also mean it could be the best time in years to wave goodbye to the landlord and get a place of your own.
After all why would you want to pay someone else's mortgage when you could own your own home?"

The article goes on to list some of the current mortgage deals available to first time buyers  - and (I am definately NOT an expert on mortgages!) there looks like there are some very good affordable deals out there to help people get on the market.

Getting more first time buyers on the market is definately a step in the right direction - it stops the market stagnating and allows the market to start moving freely. The amount of people an improvement in the housing market would benefit is unbelievable - DEAs, estate agents, solicitors, builders etc it would definately be helping the current economy and taking off alot of the gloom.

I hope everyone has a lovely weekend - I'm back on decorating duty!

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