UK Property market and the recent “tonight with Trevor MacDonald” property market crash?
Thursday, May 6th, 2010 at
10:45 am
I am currenlty a home owner. There is me and my little girl and now my bf lives with us. Our intention is to buy a place together but we wont be able to get a joint mortgage, although my bf works for himself its not regular work so he is classed as unemployed which means I am restricted as to where I can buy!!! I was thinking of putting my home on a buy to let mortgage and renting it out so that I have something to fall back on or in the longer term my daughter will have the house and I thought about renting myself on a short term tenency to give the property market chance to settle. I am very torn about this and any words of wisdom would be really appreciated. Thank you for taking the time out.
Quick House Sale
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Tagged with: Renting • Time Out • Trevor Macdonald • Uk Property Market
Filed under: property crash
To be honest I don’t think there is going to be a property crash, they have been predicting this for years and then house prices go up and up. I didn’t see the programme last night but I saw the one before that and the one before that. Journalists need something new to put a spin on a story so it can sound fresh. They have been talking about house prices going up for ages and now they need to take another angle. If the worse comes to worse and there is a property crash then whatever you do – DO NOT sell your property, instead just sit tight and watch the market recover because what goes up tends to come down and vice versa. In fact if there is a market crash use this as an opportunity to buy more houses because the value will increase. As for your boyfriend he can get a self certified mortgage where he does not need to prove his earnings. Find a decent mortgage broker and they will put you on the right track. If you need more info then drop me an email.