With a combination of falling house prices and rising unemployment, conditions are ripe for another sharp spike in repossessions. Only low interest rates are keeping repossessions in check at the moment but a rise of even a couple of percentage points, which is surely inevitable in order to control inflation, and a large number of families will begin to default on mortgage repayments. When they do, many will find they can’t sell their way out due to negative equity (they owe more on the property than it is worth).
Lender Assisted Sales to Avoid Repossession
July 9th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Market Comments Off on Lender Assisted Sales to Avoid Repossession
The 7 Steps to Buying Your Next Home
June 27th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Market 7 Comments »
The 7 steps to home buying infographic, brought to you by Halifax, features useful home buying hints and tips.
The infographic works well with their new free app which makes finding a home easier.
Are Deposit Protection Schemes Essential ?
June 21st, 2012 HIP-Consultant.co.uk Posted in Insurance, Landlords Comments Off on Are Deposit Protection Schemes Essential ?
Housing charity, Shelter, have revealed that complaints from tenants about problems with rental deposits have soared by 86% in the past couple of years. Shelter have explained that one out of every 20 calls to their helpline in 2011 were concerning tenants’ deposits. This comes despite the introduction of compulsory tenancy protection schemes in April 2007.
How will going Bankrupt affect my Home?
June 19th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Legal, Property Conveyancing 4 Comments »
Bankruptcy is a frightening process; especially when there is a risk you might lose your home. It is difficult to get good advice. Your creditors are naturally looking for the options which will allow them to recover the maximum debt and you are unlikely to have money to pay for independent professional advice.
Read the rest of this entry »
Dealing with Negative Equity – What to do?
June 11th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Mortgages, Property Market 2 Comments »
The spectre of negative equity first appeared on a significant scale during the housing market crash in 1990s when interest went up so high that no one could afford to pay or take out a mortgage. The problem is now back and is worse than ever.
Winter Weather, Did Your Home Suffer Snow Damage
May 21st, 2012 HIP-Consultant.co.uk Posted in Home Improvements, Insurance Comments Off on Winter Weather, Did Your Home Suffer Snow Damage
Snow is a particularly damaging form of winter weather, as it can cause untold damage to your home. Your home insurance policy should protect your buildings and contents against winter weather damage, so that you’re safe from the damage caused by snow.
Where are the Burglary Hotspots in the UK?
May 18th, 2012 HIP-Consultant.co.uk Posted in Insurance, Landlords Comments Off on Where are the Burglary Hotspots in the UK?
Landlord insurance experts Just Landlords have recently released a new infographic which highlights the top 10 burglary hotspots in the UK and some interesting facts about burglaries.
It is clear from the infographic that the 2 places to avoid are London and Yorkshire which both have multiple locations that make it into the top 10, including Wood Green in London, Bramley in Leeds and Apperly Bridge in Bradford
The best places in the UK to be a landlord
March 13th, 2012 HIP-Consultant.co.uk Posted in Insurance, Landlords, Property Market 4 Comments »
The decision to become a landlord involves many factors – but how many landlords consider exactly where the best areas are in order to have the best chance of succeeding?
With renting becoming increasingly vogue, this is good news for landlords all over the country. You may want to take in certain geographical factors, however, into your decision-making.
Should you become a Green Landlord?
February 28th, 2012 HIP-Consultant.co.uk Posted in Energy Saving, Insurance, Landlords 3 Comments »
The energy crisis is something that is likely to become more and more prominent over the coming years as the UK as a whole looks to reduce its energy consumption, lower carbon emissions and work towards having renewable energy in the future.
This is an issue that is pertinent to everyone, including landlords who will be coming across more and more tenants and letting agents who want to know how green and carbon friendly their properties are!
Property insurance – essential or an unnecessary expense
February 6th, 2012 HIP-Consultant.co.uk Posted in Insurance, Property Market 4 Comments »
The properties in which we live are generally our biggest purchases in life, they are the places we spend much of our time, the places we fill with valuable possessions and one of the things we would least like to live without. Taking these simple facts in to account, the questions we must ask are, do our homes need protecting? If so, what type of protection do they need?
Tips on avoiding home repossession
January 4th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Property Market 2 Comments »
Being at risk of having your property can be terrifying and can be very lonely. You are worried about what will happen if you lose your home and perhaps embarrassed about what people will think. The reality is you should not be embarrassed – tens of thousands of people are repossessed each year and as the recession bites harder they are on the increase.
Read the rest of this entry »