UK property trends, state of the UK property market, cheap remortgage interest rates, low cost home improvement loans, roof conversions

There is one thing that controls the UK property market more than anything else. It is not the supply or demand for property but the availability of money through mortgage lenders and this has changed for the long foreseeable future. The sub prime lending market is all but dead and even prime lending is going to be more restricted with mortgage lenders fearful of lending to all but those with secure incomes and with properties with plenty of equity.

Start of article about the UK property market.

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Pundits are talking about the lending market having changed forever but nothing is ever set in stone. However, the banks will be doing a lot of wound licking and it will be a brave bank that decides to be the first to move back into the sub prime lending market.

So where does that leave property buyers and mortgage borrowers. Pretty much out on a limb is the short answer but there are solutions. Whilst the banks may be reluctant to discuss remortgages and mortgage lending with anyone but really prime borrowers, there are mortgage brokers who have good long term relationships with banks and lending institutions that may be able to help property owners get a competitive mortgage.

• 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

If you are in a situation where you have no option but to sell your property, providing you are buying another property, things will not be as bad as you may think. Your on property may have dropped in value but theoretically, any property you are buying will also have dropped in value and the vendors may be more desperate to sell than you are to buy. Your property may have dropped by £15,000 but the property you are buying may have been reduced by £25,000.

This may appear to be excellent news but you have to be sure that the property price has not been inflated and that prices aren't going to drop even further. If you don't plan on selling for a number of years, over paying will not be that much of a problem; you only need to see how prices have risen over the last decade.

However, if you are not moving out of the area and are simply looking to move to a bigger property, you should seriously look at the option of increasing the size of your current property.

An extra bedroom in the roof or an extension can add 11-15% to the value of your property saving you a fortune on moving. By improving your home, 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

So what advice would we give for to anyone buying UK property?