Even though the average value of a Bedfordshire first-time buyer property has risen by 261.2% since 1989 to £295,350, the monthly payments Bedfordshire first-time buyers must make on their mortgages as a proportion of their take-home pay is 40.1% less today compared to 1989.
The total value of homes owned by Baby Boomers in Biggleswade alone is £897,971,640 – and two-thirds of the Biggleswade Millennials are set to inherit all that in the next few decades! Could this be the answer to the housing crisis? Read our latest blog to find out.
“Tell me what is happening to the Flitwick property market”, asked the friend of a friend at a recent do I went to in Flitwick - Read on to find out what I said.
Everything is in your favour at this time of year: flowers in bloom, warmer weather and sunny blue skies put everyone in a good mood, and there's still nowhere near enough property for sale in Bedfordshire to satisfy demand.
Homeownership is something that the majority of people in the UK strive for. The average age of first-time buyers in the UK in 2007 was 30. But, by the end of 2017, that had risen to 33. With rising house prices, how is the average person in the UK expected to get on the housing ladder?
Phil Spencer, of Location, Location, Location fame says that this little trick can increase the value of your home instantly!
You'll only look at the title deeds for a property in detail when you're either buying a new property or trying to sell one. Most of the time, the deeds are in the loft in a box of important documents or filed away somewhere safe. You're given them by the solicitor, but at that moment, you only want to get moved in, don't you?
Letting agents are a lot like banks. Once a landlord has signed up with an agent, they often don't change; it's too much hassle. But this can mean that many landlords are tied to an agent they're unhappy with. This isn't really good enough, is it?
Unfortunately, overvaluing is being used more and more to get homes on the market. Differences in opinion of a few percent between estate agents are perfectly normal, but the need for more stock is seeing homes hit the market with price tags of 20% and more above their likely value.
Homes and gardens look their absolute best in the summer, so why lose out on a couple of valuable weeks? With demand for property in Bedfordshire still riding high, let's look at how you can keep your home working towards a sale while you enjoy some time off. Our blog is full of tips to keep your home ready even while you enjoy your holiday.
Bedfordshire Starter Homes are 40.1% Cheaper Today Than in 1989 and with changes in the mortgage market from next month we will see first-time buyers (and thousands of other homeowners) have access to mortgages that will allow them to buy their dream home.
Many Flitwick homeowners and landlords have been contacting me recently and asking what will happen to the Flitwick (and the UK) property market? More specifically, will we have a repeat of the 2008/9 Credit Crunch property crash?