Thursday, 21 January 2010

Cheap houses, rush of mortgage lending

The Council of Mortgage Lending has released its figures for gross mortgage lending for December 09 and they have taken many in the property sector by surprise. The figures showed an incredible 14% rise in mortgage lending for December, which is at best normally a poor month.

Many believe that property buyers, property traders, and buy to let investors have decided to buy in 09 to take advantage of the reduced stamp duty. It is becoming increasingly difficult to find anyone in the mortgage market who believes that 2010 will not out perform 2009. So it will be very interesting to see January’s figures and the future path of interest rates.

Monday, 18 January 2010


Sadly during these tough times, many people have to give up their homes, making a glut for sale on the market. There are some very good bargains for buyers. Maybe you are in a lucky position and have been able to take advantage of it.

The dream of a lot of people, is to purchase an older type of house with loads of character, and "do it up"

as we all have our own preference for style It is true, older houses do have bags of character, and are usually very solidly built. However, to bring them up to today’s world is a lot of hard work for the inexperienced, and quite often after the first day or two, snags and problems crop up. In addition, if it is being done during leisure hours, it can take years to complete. Meanwhile materials become more expensive.

The safest and most sensible thing to do, is to contact a Builder with all the experience of renovation. It will prove to be safer, quicker and you will be assured the work has been carried out by experts.

If you want to keep original features, then a good builder can work round it. He will be able to turn to any task that needs improving, whether it be plumbing, heating, electricals, extending rooms, dividing rooms, new windows or doors, plastering and even landscaping your garden. No job will be too big or small for him to handle. He will assure you of his qualifications and will furnish you with references.

In addition, if finance is a problem, he will be able to arrange finance on terms to suit yourself. He will keep you informed every step of the way while the renovation work is being done. The work will completed to a very high standard, with little or no delays.

So if you already live in a "character" house, or considering purchasing one, think carefully about the work that needs to be done before attempting it yourself, you could end up spending a lot more money then you had budgeted for.

A good solid house has character and style, and should be renovated with style.
For Property Renovations or Property Refurbishments contact Building Solutions (Midlands) Ltd.