Ccj Mortgage With Crystal Clear Home loans- the Ccj Mortgage will be changed to meet your specific needs. Fill out the 3 minute form and get a quick response during opening hours!
One UK resident who visits HomesGoFast.com is going to win their mortgage paid for one year to the value of £20,000. This prize will change the life of one lucky person for the next 12 months.
Mortgages tend to be the largest monthly outgoings for most people especially those who have recently taken out a UK mortgage.Think what you would do with the extra cash you will have for the year without having to pay your mortgage
Fixed mortgage rates have hit a 10 year high with the average deal set at 6.75% for a two year deal and 6.72% for a five year term. The move is yet another reflection of the increasing cost of finance with the £50 billion government asset swap program seemingly having very little impact upon liquidity. Industry insiders believe that sub 6% mortgage rates will soon disappear with rates set to move even higher in the short term.
Homesgofast.com services for lifestyle buyers includes a free property finding service aimed at serious buyers who are about to make that final move. Property Finding Service
Selling your property to overseas buyers
Overseas buyers will be apprehensive about buying property abroad. The real estate agents job is to reassure and inform and not over sell. Overseas buyers warm to real estate agents that do not create additional pressure. Buyers are already under a lot of pressure operating under foreign rules and at the same time making a major purchase. Many are apprehensive of being ripped off. They want to know that you are legitimate and for you to prove it.
Property Developers selling to foreign buyers
Many overseas buyers will want to know about your previous projects and how safe their money is.
These are typical questions buyers from overseas . What guarantees do I have that the developer would not go under or this project would not go under?
1. What guarantees do I have that the developer would not go under or this project would not go under?
2. Will my deposit be placed in an Escrow account
3. Tell me about the building company, what work have they done in the past
4. Has the builder secured planning permission and local permissions for the project
5. Are there any legal safeguards for foreign investors in the case of non-completion or poor construction work by the developer?
6. If I decided to sell before completion of the project, would that be possible and would I be penalized in anyway?
7. How easy is it to buy and sell property in this country? 8. What if I decide to sell my (residence/hotel suite)?
9. Are there any other fees while the project is being built and what about after completion?
10. What do you anticipate the rental income to be once the facility opens based on current rates at similar properties?
I have equated international real estate markets with the times of the day, this came to me as we turned the phones on to the 9am caller. These were the best calls to receive they tend to be motivated buyers so keen they are waiting for your office to open! They have been up all night doing research and have woken with one thing on their minds buying an overseas property
The 9am market for me today is without a doubt Egypt. A housing market presenting low enough prices that investors don’t even need finance. A great place to buy in a credit squeeze, investors are also not exposing themselves to too much risk.
US Housing market
It surprised me that with low prices and favourable currency exchange rates that the US housing market was not indeed another 9am housing market. In fact the last few months I would say its been a sleepy 3am real estate market
All the figures point towards 9am for US property but the feelings of uncertainty of this region seemed to keep the US market firmly in the dark hours of morning.
Today I have seen movements towards the US market from international buyers and their are changes in the types, places and people who now see the US market as great place to buy. Two years ago all the action from international buyers was taking place in Florida, today’s buyers are finding other US states as attractive places to buy.
A great example of how the credit squeeze has changed international investor buying habits in the US is seen with property in Rochester City in Western New York State, USA. Rochester is the 3rd largest city in Western New York after New York City. It is an area that is coming out of recession and where the cheap property market is investor driven. Investors from all over the world have already invested into this low cost investment market and have been reaping the benefits from the high yield rental income it has to offer. This is a city where there are large employers such as Kodak, Xerox, Wegmans Foods and the Optical Science University. Properties with tenants start from only £15,000. Over the last two months this region has been a firm 9am market.
Florida lifestyle buyers are ringing at 11am
When you have a dream about retiring to the sun and have planned a lifetime to buy a property abroad a credit crunch will not put you off. I have seen this with Florida lifestyle buyers increasingly this market is heading towards 9am, today it is at 11am. Buyers are very motivated and very interested in what the sunshine state has to offer. The strange thing is once they find out what they then can buy with their money they turn into 9am buyers. Some of these buyers are getting double for their money.
I had a couple from the UK ring with their budget of £200,000 they had planned a nice modern 2 bed home or condo. Now they can easily achieve a 4 bed house with pool and lots of incentives thrown in. What is more they are in charge they are calling the shots and can walk away from a house if they don’t get the price they want.
These are all early indications that the US market is turning the corner after all who can resist a bargain. Buy low sell high is the cry from the market floors its seems that this is certainly the case for the US property market
Gone are the days when the average overseas property buyer was a retired couple seeking a place in the sun. Young British buyers now see overseas property as their way of getting on the property ladder.
The average UK house price is now in excess of £200,000 as quoted by the BBC and recent interest rate rises coupled with a bleak economic outlook have not aided the situation. The burden of a lifetime of mortgage payments is weighing heavily on young home buyers’ minds. Added to this, a survey with National Savings and Investments showed that a massive 84% of 18-24 year olds believe that buying their first home abroad is more viable than buying it in the UK. The National Savings and Investments survey revealed that in London, 36% of first time buyers would consider buying abroad as an alternative to purchasing in this notoriously expensive city. Barclay’s’ overseas divisions have reported a twofold increase in the number of enquiries about mortgages for overseas properties.
UK salaries are disproportionately low when compared to the rising house prices, so it is not unusual for British twenty somethings to opt for a life back home with Mum and Dad instead of venturing onto the property ladder. The high deposit and crippling mortgage of UK property ownership need not elude potential homeowners.
The Canadian real estate market seems to be able to withstand the global troubles with strong real estate prices and steady price rises. Even now with some of the most depressing housing market news both in the UK and USA Canada still does not feature. I don’t associate the Canada housing market as one that is suffering with the credit crunch. Why is this? is this all to do with the way Canadian mortgage companies have been lending money. Are the Canadians more stringent in their approach to finance. Is the demand for real estate the reason for its happy housing market? Canada remains a very attractive place to retire or relocate and I am in contact with many UK buyers seeking to move to Canada. Maybe the international demand is what keeping the housing market full of vigour. How does the Canadian government policies compare with the US and UK economic policies . What ever it is maybe this housing market is an example for us all at this time.
Average house prices for Canada
Greater Vancouver up 11.1 per cent in a year $616,496,
Former Spanish property owners could be dancing all the way to the bank!
Are you Owed Money?
The recent news that British property owners who sold their homes in Spain paid higher taxes than the Spanish is set to cause thousands of former owners submitting claims.
Costa, Alvarez, Manglano & Asociados the Spanish legal firm involved in the challenge is taking the Spanish government head on. The claim is being is being prepared for the European Court of Justice for what it describes as illegal capital gains taxes on overseas property owners. They firm have found that until 2007 a capital gains charge of 35 per cent was levied on property sold by non-Spaniards, despite the fact that the same tax charge was just 15 per cent for Spanish sellers.
The legal company believes that an estimated £37m is now owed to British former owners alone. What is more, they say that Brits can now start the long process of getting their money back because, they suggest, it flies in the face of EU laws on discrimination. This means that if you were one of the 4,500 British citizens who sold Spanish property between 2004 and 2007, and were charged at the non-resident's CGT rate; you could be eligible for an average rebate of £11,000.
One thing is for sure that this is going to cost the Spanish government a great deal of money , win or lose this i set to go on for years . So I wonder if you paid too much tax in this time. It seems that it is blatant discrimination but I dont want to jump the gun the legal team making the claims mnay have got it wrong?
