Thinking about investing in a property? Well good news, you’re in luck! It seems at long last the lending belts are starting to loosen a little which means it’s getting easier for potential buyers. In July, house prices increased at the best rate for three years and the number of first time buyers is the highest it’s been in about six years. It’s great news for home owners and an encouraging forecast for those looking to invest.
Traditional lenders are feeling a little more at ease and a little more liberal. The good news is partly thanks to the Government’s Help to Buy Scheme which is assisting people who are struggling to buy with loans of up to 20% of the value of a property for new builds (this is expected to be rolled out to other properties at the beginning of next year) . They’ve also invested approximately £80 million into the Funding for Lending Scheme and participating banks have been quick to invest the money into mortgages.
Since the peak of the financial crisis in 2009, the number of borrowers struggling to keep up with payments has reportedly fallen by around 40%. However, as always it’s a good idea to think carefully about your investments and keep the facts and figures in mind.
If you believe an investment might be a wise move, then why not get in touch with the Mistoria Group? We’ll be able to give you expert advice with regards to investing, including details about using the Help to Buy Scheme should you wish to use it. We’ll help you to make the most of your property and your money. Give us a call on 0800 500 3015 or to view our current available property investment opportunities, visit www.mistoriagroup.com/investments.