Archive for November, 2011
For many landlords over summer 2012 the Olympics means big money as four bedroom houses are looking for £8,000 a week and two bedroom maisonettes will be asking for £20,000 a month.
As the people in London are aware that big money is going to be the case they are planning to move out of their current homes from July to end of August and renting it to tourists or big companies needing somewhere close by.
HSBC joins banks and build societies that are providing first time buyers with a higher mortgage so little deposits are required.
First time buyers are being targeted by banks and building societies as mortgage percentages available are increasing allowing first time buyers the chance to get onto the property ladder with a smaller deposit.
Some banks have launched a fee-free mortgage with the maximum loan to value on offer for 90% including a lifetime tracker. Banks have put aside £250m for the lending to first time buyers up until the end of the year.