Guaranteed rent in Wandsworth | UK home owners expect price to rise in the next 6 months
Guaranteed rent in Wandsworth – London home owners still believe that the property values will continue to rise in the second half this year although with concerned with over mortgage availability. This is according to the latest survey.
Guaranteed rent in Wandsworth | A review in April shows that 40% of home owners get mortgage harder compared to the last three months and about 90% Londoners still have confident that the property prices will rise in the next 6 months.
For the first time Londoners are no longer the most confident in their area and across the country. The South West, South East, the West Midland and the East of England all area overtaken the capital in term of property owners confidence. Guaranteed rent in Wandsworth
With the prices going up and fast, the ratio of home owners in the capital who expect prices to rise in the next 6 months fallen from 98% down to 92% over the last 3 months.
And 7.6% remainder resulted in the survey for house price growth. Both the mortgage market review and associated new lending rules both slowing down the mortgage application process. This made securing finances a lot more difficult.
Guaranteed rent in Wandsworth | With all the result, still 79% of the people in the UK plan to spend on same or more on home renovation and improvements over the next year compared to last year.
Seeing a consistent growth in the capital’s property market and applying and securing a mortgage seems to be getting harder now. Guaranteed rent in Wandsworth | This caused lender to be more rigorous in their lending criteria and approval process.