UK property market, difficulty selling your house, problem getting a mortgage, cheap remortgages, home improvement loans, room in the roof

Back in June 2005 we were warning that irresponsible lending by banks was going to end in problems with severe and detrimental consequences for the UK property market. Clouds were already beginning to gather on the American housing market, yet the banks continued to borrow money on the international markets and provide mortgages to sub-prime borrowers who were going to get their fingers burned.

It was obvious to anyone with a little commonsense that the year on year increases in property prices was unsustainable and that at some point there was going to be an adjustment in the property market. Obvious, it would appear to everyone but the banks and estate agents who kept talking the market up and appeared to only care that they were doing business.

• Cheap interest remortgages
  
  
• Low cost home improvement loans
  
  
• Competitive mortgage quotes
  
  
• Cheapest credit cards
  
  
• Builders, Plumbers, Electricians
  
  
• Home improvement quotes
  
  
• Home information packs
  
  
• Reduce gas, electricity and telephone bills
  
  
• Money saving ideas
  
  
• Low cost removals
  
  
• Architects
  
  
• Surveyors
  
  
• Conveyancing services
  
  
• Sell you property privately by building your own website and save thousands of pounds on estate agents commissions

There were one or two voices crying in the wilderness that the property market was heading for trouble but the majority made sure they were drowned out with arguments that did not hold water but sounded reasonable to anyone who didn't understand how the money markets work. So long as estate agents continued to sell properties and so long as there were banks with money they needed to lend; anyone and everyone prepared to buy a property were used as potential cannon fodder for the bloodletting that was bound to happen.

The real fallout has yet to happen as demand for properties remain high, falsely buoyed up by a demand that cannot be sustained because the ability to borrow and lending restrictions toughen and tighten. Read on to discover what recommend buyers and sellers should do and what we predict is going to happen to the UK property market.

An extra bedroom in the roof or an extension can add 10-20% to the value of your property saving you a fortune on moving. By improving your home rather than moving, you can save on:

• No conveyancing fees
• No removal costs
• No home information pack
• No stamp duty
• No estate agents fees
• Valuation and survey costs
• Furnishing and redecoration costs
• Far higher mortgage repayments

What should be your next step in you are buying or selling a property.