House Repossessions Down in 2012

The Council of Mortgage Lenders have announced UK house repossessions have fallen to their lowest level since 2007. In 2012 a total of 33,900 houses were repossessed, which was significantly lower than the 45,000 previously predicted. The reduction in house repossessions is due to record low interest rates and lenders showing restraint. In 2007, just before the financial crisis 25,000 houses were repossessed. House repossessions peaked in 2009 to 48,900.

If you are behind on mortgage payments and fearing a house repossession get in touch with us today. At Stewart Property Buyers we can stop your house repossession the same day you get in touch with us. Fill in our enquiry form for an immediate call back, or call 0800 324 7875 and stop house repossession today.

Stewart Property Buyers

Signs of Revival in UK Housing Market

For the first time in over 6 years the UK housing market is showing signs of a revival. According to the Council of Mortgage Lending (CML) it was mostly due to an increase in first time buyers coming into the property market over the last year. This resulted in a 12% increase giving a total of 216,000, which is the highest level since 2007. The boost is due to the Bank of England's 'Funding For Lending Scheme', which has allowed more buyers to obtain a mortgage.

Additionally, house prices rose by 3.3% in the last year according to the Office for National Statistics (ONS). However, house prices in Northern Ireland have continued to fall.

If you are thinking I need to sell house fast or I really need a quick house sale, Stewart Property Buyers can help you today. We can buy your house for cash no matter what situation you are in. Whether you need to sell house fast for cash due to relocation, poor health, inheritance, or even if you are behind on your mortgage payments, we can help you today. Simply fill in our enquiry form and you will receive an instant call back from one of our friendly team.

Stewart Property Buyers Team

Latest on Negative Equity

In the UK there are over 719,000 households in negative equity according to the Council of Mortgage Lenders (CML), basically where mortgages are worth more than the properties themselves. Northern Ireland is worst hit with a 35% rate of negative equity. The figure varies across the mainland where Scotland has a rate of 11%, England North West 15%, and London 5%. The CML estimates negative equity rates are reducing with initial figures thought to be around 800,000. This figure is way lower than the 1990’s crash when over negative equity cases peaked at 1.6 million homes in UK. The latest numbers from Land Registry has also revealed house prices in England and Wales increased by 1.7% in 2012, however they are still 11% below the level reached in November 2007.

If you are in negative equity and are starting to worry about making your mortgage payments please get in touch today. At Stewart Property Buyers we can buy your house for cash. We are able to buy houses very quickly all over UK, giving house sellers peace of mind allowing them to get on with their lives debt free. If you need to sell house fast for cash you can fill in our enquiry form or call us on 0800 324 7875. We can provide the quick house sale you need. We can help you whether you are selling house fast due to bad debt, missed mortgage payments, release equity, financial difficulty, poor health, relocating, divorce or separation, or even if you are a Landlord needing to sell a portfolio fast. We buy any house in any condition so there is no need for you decorate your house. Talk to one of our friendly team today, we are waiting to help you.

Stewart Property Buyers

Most Expensive Streets in UK Revealed

A study by Lloyds TSB has revealed the most expensive street in UK is Egerton Crescent located in South Kensington, London. Property in this street will cost in the region of £8.1 million, which is over 32.5 times the typical UK house price. Home owners on this particular terraced street unfortunately must share a communal garden to the rear.

The study also shows London holds all of the top 10 most expensive streets in UK, most located around Kensington and Chelsea, and Westminster.

The survey also revealed Druidstone Road in Cardiff as the most expensive street in Wales. Houses in the street cost around £682,000, and conveniently have their own front and back gardens.

Another study by Bank of Scotland has revealed Dick Place in Edinburgh is the most expensive street in Scotland, costing an average £1.2 million, again front and back garden is standard. Edinburgh holds 6 of top 10 most expensive streets in Scotland, with others located in Aberdeen and Glasgow.

Whether you need to sell a house fast in London, Cardiff, Edinburgh or any other town or city in UK, Stewart Property Buyers can provide you with the quick house sale you really need. Speicialising in the sell house fast process we can buy your house in 10 days or 3 months time, we let you decide when to sell your house. We buy any house in any condition in UK so there is no need for you to spend cash decorating your house. We also buy any type of property from 1 bed flats to very large houses. Property portfolio’s are also high on our list. If you are a Landlord and need to sell property portfoilio’s fast we can buy them quickly with cash. No matter what property you need to sell fast, simply fill in our enquiry form and one of our friendly team with give you an instant call back.

Stewart Property Buyers Team

Latest Property News from Halifax

According to one of the UK's biggest mortgage lenders Halifax, Southend saw the biggest house price rise of 2012. It was the town of Essex that saw the highest increase of 15%, compared to a 1% decrease across the whole of the UK. By contrast towns that saw the biggest decrease in price were Craigavon in Northern Ireland and Wishaw in Scotland. Halifax say it shows the significant variations in towns and  cities across the UK over the past 12 months. These figures are based solely on its own lending.

If you need a quick house sale Stewart Property Buyers can help you today. We can buy your house fast with cash. Whether you need to stop a house repossession, sell inherited property or need to release equity, we have the knowledge and experience to provide you with a quick and private house sale. Simply fill in our enquiry form for an instant call back from one of our friendly team. We look forward to talking with you.

Stewart Property Buyers Team

Latest from ONS on UK Property Prices

Latest property news from Office of National Statistics (ONS) say average house prices across the UK are on the rise. Their latest monthly survey shows house prices were up 0.2% in October 2012, an increase of 1.5% compared to October 2011. However, this latest survey from ONS contradicts surveys carried out by Halifax and Nationwide, who both say house prices have dropped by a small amount over the past year.

It appears these surveys outline the fact that UK house prices remain relatively unchanged, or stagnant – a term often used in the property world this year. At Stewart Property Buyers we help house sellers who need a quick house sale. Whether you have lost confidence in your estate agent or just need to sell house fast due to a certain financial difficulty, we want to buy your house fast. Furthermore, we buy any house in any condition and there is no cost to you as the house seller. All house sales are private and confidential. Simply fill in our enquiry form and we will give you an instant call back to discuss your quick house sale.

Stewart Property Buyers Team

The Year Ahead for 2013

The year ahead looks positive according to CML (Council of Mortgage Lending), who have said there has been a steady increase in mortgage lending indicating more activity. However, first time buyers still face average deposits of around 20%. First time buyers accounted for 4 in 10 of all purchase loans in October 2012. In total there was an increase of 13.8% in mortgages for October compared with September, which was apparently a slow month in the housing market. If this increase continues then we are expected to see a more ‘stable and positive year ahead in the housing market’.

Let’s hope the CML is right. At Stewart Property Buyers experience has shown Christmas can be a financially draining month for many families. In light of this we have extended our operating hours to offer our help to you when you need it most. Mortgage payments are often missed around this time of year to cope with extra costs, that is a fact. If you are thinking about a quick house sale due to a potential home repossession or to release equity we can help right now. House repossessions are an unfortunate process that many are facing. We want to help stop house repossessions. We can stop your house repossession today. We buy any house in any condition so no need to decorate or re-furnish your home. We provide all our clients with peace of mind through a quick house sale, often through a cash property purchase. All sales are private and confidential.

Get rid of all your stresses and worries for 2013. Simply fill in our Enquiry Form and we will give you an instant call back.

Stewart Property Buyers Team

Latest News on House Repossessions

House repossessions are falling according to latest news from CML (Council of Mortgage Lenders). Total UK house repossessions have dropped to their lowest point since 2007. In the third quarter 2012 there were 8,200 house repossessions. This is due to the consistently low interest rate of 0.5%, which has been a great saviour to many up and down the country. Additionally, the number of borrowers in arrears seems fairly stable at 159,000. This is great news for the industry and long may it last we’re sure you agree!

At Stewart Property Buyers we offer free advice on stopping house repossessions. We have the knowledge and experience to help people avoid house repossession. We are able to offer a solution that will prevent your house being repossessed the very same day you get in touch. We can even help you if you are in arrears, in fact most of our clients contact us when they are already several months behind on their mortgage payments. It’s a worrying time for many. On the plus side, the sooner you get in touch with us the sooner we can put a stop your house repossession, and you can get on with your life without those sleepless nights. If you are thinking I need to stop my house repossession quickly, get in touch today. Simply fill in our enquiry form and we will give you an instant call back.

Stewart Property Buyers Team

UK House Price Latest 2012

Latest from BBC - London house prices continue to accelerate much more quickly than the rest of UK. As a whole, property prices in the UK rose by 2% over the last year, which is lower than the rate of inflation, according to the Office of National Statistics. What is interesting is that house prices rose by 5.7% in London over the same period.

Nationally, house prices dropped by 1.1% in Scotland, 0.2% in Wales, and 10.9% in Northern Ireland. Property prices rose by 2.4% in England, however the majority of this rise is due to London alone. Property prices in the UK were unchanged in the month from June to July as a whole.

Cash rich buyers and cash investors are the key players in this stagnant property market. At Stewart Property Buyers we have seen a year on year increase in the number of house sellers looking for a quick house sale. With high levels of inflation a key factor, so many are finding it difficult to keep up with mortgage payments. Hopefully the recent drop in inflation will ease some of the pain, but this is predicted to be a short term relief. Sell my house quickly is a term we hear often and thankfully due to the excellent team at Stewart Property Buyers, we are able to help. The need to sell a house fast can be down to several reasons – job loss, divorce, family bereavement, poor health, financial difficulty, repossession, relocating. We can buy your house fast whether it be in 10 days or 3 months, we let you decide. Stewart Property Buyers can also buy property portfolio’s quickly. If you are a Landlord and need to sell a property portfolio fast please get in touch asap. Furthermore, we buy any house in any condition. Start planning your debt free life – get in touch today!

Stewart Property Buyers Team

Guardian Latest - UK mortgage applications down in June 2012

According to the Bank of England mortgage approvals for the month of June 2012 fell to an 18-month low. A total of 44,192 new loans were approved in the month of June 2012, down from 49,236 in June 2011, a decrease of 10.3%. In comparison 50,544 loans were approved in May 2012. A clear sign of the continuing misery. Remortgage applications were also down for the month to 24,117 – a two year low. Lack of lending by major banks is one area of blame, as is bad weather and the queens Jubilee according to the Guardian. This is not good news for anyone looking for a quick house sale on the open market, whether you are already with an estate agent or thinking about taking action to sell your house quickly. If buyers are unable to get mortgages they are inevitably unable to buy your house. It seems the banks big plans to start lending money has still not happened. One positive piece of news is from Lloyds Group who have announced £5bn will be made available to first time buyers in 2012. This will be a great boost to the property market if it actually happens.

At Stewart Property Buyers we can help you today if you need a quick house sale. We are cash buyers so we do not need to rely on the banks. This means you will not be let down by any failed mortgage applications. We are a large group of property investors who are actively buying property throughout the UK. We can provide you with a quick house sale, we can buy your house and complete within 10 days if required. Furthermore, we buy any house in any condition so you do not need to spend money on your house to sell it. If you are already with an estate agent it does not matter, we are still able to buy your house fast. Get in touch today by filling in our enquiry form and we will explain how it works. Please read some of our testimonials to find out how previous clients found our sell house fast process and how it worked for them. We mean what we say – ‘Sell my house fast’ – ‘No Problem’.

Stewart Property Buyers

Housing Market Latest - House asking price rise

For a 3^rd consecutive month house sellers have pushed up asking prices as property buyers chase relatively few homes on the market. Rightmove said asking prices rose by 2.4% in the UK over the past year to an average of £246,235. However, latest news from the Land Registry indicates house prices were static or falling slightly. Rightmove has also said a flood of new houses for sale could result in house asking prices actually decreasing. This trend is the complete opposite to London where house asking prices and property values are very much on the up. London appears to be holding up the property industry right now.

So what does all this mean if you need to sell a house fast? It would appear house prices will remain unchanged as an average across the UK, with slight decreases and increases occurring in different towns and cities. ‘Static’ is a word we often hear in the housing market and is likely to be used for a good while yet. However, if you need a quick house sale we can help you. Getting a quick house sale could not be easier, whether you need cash for your house in 10 days or 3 months. Furthermore, we buy any house in any condition meaning you don’t have to spend cash on your house before you sell it. So if you are thinking ‘sell my house fast’ get in touch today. Simply fill in our enquiry form and we will contact you right away to discuss your private and confidential quick house sale.

Stewart Property Buyers

House Prices See Slight Increase

House prices see slight increase compared to this time last year, according to the Governments house price index. The comparison was made between February 2011 to February 2012, where according to the Office for National Statistics (ONS), house prices across the UK have risen by just 0.3%. This is of course a national average with large regional variations throughout UK. There have been significant rises in London and the South East, as well as pockets in Scotland, with sharp drops in Northern Ireland and the North East (Newcastle Area), and many areas in Wales. The average UK house price stands at £224, 473.

At Stewart Property Buyers we know how difficult it is to sell your house fast right now. If your house is already for sale on the open market with a local estate agent we can still help you. If you need a quick house sale we can buy your house fast. We can give you cash for your property within 10 days or 3 months, we let you decide when you want to move out of your home. We are able to help people every day across England, Scotland and Wales. When people tell us I need to sell my house fast, we simply buy fast!

Call us free on 0800 324 7875 or fill in our sell house fast enquiry form, it only take a couple of minutes and helps us understand your situation.

Nationwide Latest - House prices down 1% annually for 1st time in 6 months

Nationwide have just revealed the average house price is down 0.9% in March 2012, compared to £163,327 a year earlier, and is the biggest annual property fall since June 2011. Nationwide believe the slowdown is due to changes in stamp duty rules which came into effect this year. From Saturday 24th March 2012, 1st time buyers must now join other house buyers in paying 1% tax  on properties worth more than £125,000 – a 2-year stamp duty holiday, which has now come to an end.

Current stamp duty thresholds:

1%: Properties of more than £125,000 up to £250,000

3%: More than £250,000 up to £500,000

4%: More than £500,000, up to £1m

5%: More than £1m, up to £2m residential property only

7%: More than £2m, residential property only

The tax break helped many 1^st time buyers and had a positive impact on the property market as a whole.  However, now the rush to beat the deadline has come to an end, the predicted slowdown has occurred. With less home buyers in the property market, whether they are 1^st time or not, means there will be less offers on homes that need to be sold quickly. If you need a quick house sale due to personal and confidential reasons Stewart Property Buyers can help you. We buy any house in any condition so act now and sell your house fast today. We can buy your house in 10 days or 3 months, we let you decide on a completion date to suit your circumstances.

Fill in our enquiry form and we will be in touch to discuss your needs.

All the best

Stewart Property Buyers Team

Halifax to raise SVR (Standard Variable Rate)

Halifax, the UK’s biggest mortgage lender, is to increase its standard variable rate mortgage from 3.5% to 3.99% on the 1^st May 2012 a move which will effect 850,000 borrowers. Halifax says the rise is due to higher costs of raising funds for mortgages from both savers and the financial markets. The change comes after RBS increased its SVR from 3.75% to 4% on Friday 2^nd March 2012, effecting 200,000 borrowers.

The 0.5% increase from Halifax means any property owner with a mortgage of £100,000 will pay an extra £24 per month. However, for those on an interest only SVR the rise will mean a sharper increase of 14% on monthly mortgage payments.

This extra mortgage cost per month comes at a time when fuel prices are at a record high, where a litre of fuel is now 137.44p, and diesel 144.67p. The average cost of getting through each month is rising with increasing pressure on families to make cuts in order to survive.

At Stewart Property Buyers we seem to talk to more and more people each day who are struggling to keep up with their mortgage payments due to financial difficulties. We are able to help them if a quick house sale is required. This is because we buy any house in any condition. Or we can offer some free advice. We understand the stresses associated with missed mortgage payments, the effect it has on you and your relationships can be severe. Releasing equity from your home is one solution many are turning to.

If you need a quick house sale contact us today. We can buy your property for cash whether you need to sell in 10 days or 3 months, and there are no fees. Get in touch today by filling in our Enquiry Form, we look forward to talking with you.

Stewart Property Buyers

Nationwide Latest - Recent house price rise temporary

February house prices increased by 0.6% compared with January but is unlikely to last into the summer months, according to latest property news from Nationwide. The rise is due to regulation coming into force on 24th March 2012 where 1st time buyers will have to pay 1% stamp duty on property valued between £125,000 and £250,000. This will apply to all UK home buyers including Scotland. According to HM Revenue & Customs 64,000 properties were sold in the UK in January 2012, up 23% when compared to January 2011. However, the CML (Council of Mortgage Lenders) has already warned UK and Scotland property sales will fall back once the 1% stamp duty is reintroduced to 1st time buyers. Ed Stansfield of Capital Economics quotes ‘Given that prices are still at historically high levels relative to incomes, a sustained recovery looks to be many years away’.

What are your options if you need a quick house sale? At Stewart Property Buyers we buy any house, in any condition for cash. Plus we can buy your property for cash in 10 days or 3 months, whatever suits you best. Get in touch today for some free sell house fast advice or fill in our enquiry form.

Stewart Property Buyers Team

UK House Sales Down in 2011

Latest from BBC – UK house sales down 1% in 2011. Selling a house quickly is still possible!

The BBC has just announced UK house sales were down 11% in 2011 compared to 2010. This means the property market has been in a 3 year slump where property sales have reduced dramatically since 2007, when property sales were almost double what they are now.

The Council of Mortgage Lenders (CML) has subsequently predicted a fall in lending as well as a fall in home owner remortgaging, suggesting property sales may fall further in 2012.

So what has caused this negative effect on the UK property market? What is the solution when you need to sell a house quickly?

It’s all down to a combination of mortgage rationing by lenders, and rising unemployment. The latter means there is an increasing amount of home owners being faced with serious financial difficulty, which often results in massing up debt through missed mortgage payments, increased overdrafts, spending on credit cards (often used to pay mortgages and bills), high interest loans, and secured loans. Worst case scenario is falling behind on mortgage payments and losing your house through repossession.

Selling a house quickly can still be achieved, and you can avoid repossession. At Stewart Property Buyers we can buy your property quickly and help you with any financial difficulties through our FSA Regulated financial team. You would be surprised just how we can help you. We can buy your house quickly (we buy any house, any condition) within a timescale that suits you. If you need to sell a house within 10 days or 3 months, we can help you today.

Get in touch with us now. Call our friendly team free on 0800 324 7875 or fill in our enquiry form for you Free No Obligation Offer.

Stewart Property Buyers Team

Property Prices 2012

BBC commentators and analysts predict an even more depressed property market in 2012 than in 2011. It is expected property sales will stay low, possibly lower than in 2011. Whilst overall, house prices are expected to fall a little – however others predict larger drops of up 10% over the next 12 months. Additionally, a new threat has occurred where complete or partial collapse of the Euro will result in another banking crisis. How does that effect the property market? It all comes down to mortgage availability, and home owners who want a quick house sale forced to keep prices high, combined with gloomy economic news putting off property buyers. As a result, there were 787,000 home sales in the first 11 months of 2011, compared with 810,000 in 2010. Things are likely to get worse before they get better in the property market.

So it seems confusion and unpredictability remain high on the list when it comes to property buying and selling in UK. Selling a house quickly is occurring less and less via estate agents. With property left on the open market for such long periods, what are the options? Do you wait until mortgage lending picks up again, and hope that your property does not decrease in value any further? Of course every area is different, some good, some not so good. You will know where you sit. But how will you achieve a quick house sale? Stewart Property Buyers can help you achieve a quick house sale today. If you need to sell a house fast simply fill in our enquiry form, it only takes a couple of minutes. We are property buyers who buy from house sellers who need a quick house sale, and only buy at a price that works for you.

We look forward to talking with you.

Stewart Property Buyers Team

Property Repossessions 2012

The Guardian has just announced repossessions are to rise throughout 2012 due to increasing unemployment and rising household budgets. According to the Council of Mortgage Lenders (CML) 45,000 homes could be repossessed in 2012, an increase of 20% on 2011. It’s all down to families being squeezed by increasing budgets and missed mortgage payments due to many losing their jobs, a familiar tale for many. Though this forecast is high, it is far lower than that of the 1990’s, when unemployment levels were comparable. CML also estimates that fewer properties will be sold during 2012, a total of 825,000 is predicted compared to 852,000 in 2011.

So what are the options if you have financial difficulties and are about to be repossessed? The consequences of being repossessed are extensive and to be avoided, unless you want to have severe credit problems for many years. Stewart Property Buyers can help you right now. We can stop property repossessions in a matter of hours. We will pay all solicitor fees and buy your house fast, through our quick house sale service. A quick house sale will allow you to pay off your debts and let you walk away with cash in your pocket. We can also help you if you other financial difficulties through missed payments on credit cards, bank loans and overdrafts, through our FSA regulated experts. Call us free today, or fill in our Enquiry Form now.

Good luck

Stewart Property Buyers Team

Property Outlook 2012

Halifax has announced this week it expects little movement in house prices in 2012, and that house prices will increase or decrease by 2% during 2012. The quick house sale professionals explain...

This forecast relies on the Bank of England keeping interest rates at 0.5% throughout 2012. This is good news for homeowners who don’t want a quick house sale and simply want to stay put, whilst paying record lows on their monthly mortgage payments. It is also good news for anyone buying property. However, for homeowners looking to ride out the storm and wait for house prices to start rising before they sell house fast, it’s not quite so pretty. There are currently many who really need a quick house sale, but are playing the waiting game to see if the price of their home will increase in value. Any property survey that was carried out over 12 months ago will almost definitely be different today, with many experiencing unexpected drops in value. The need to sell a house quickly is becoming more and more common, each with different reasons for selling – financial difficulty, broken chain, moving abroad or relocating, divorce or separation. It goes without saying that London and SE will experience the higher growth, whereas northern areas and Scotland lower growth predicted – the north / south divide.

At Stewart Property Buyers we can help you. We can buy your house quickly, giving you the quick house sale you desire.

Get in touch today or fill in our enquiry form.

Stewart Property Buyers Team

Latest news from the Guardian shows how property prices fell 0.9% across the UK in November 2011, based on Halifax figures. The average home in UK is now valued at £161,731, and down 1% compared to November 2010. Since the peak of August 2007 property prices have fallen by 19%.

So what do these recent figures mean for home sellers in 2012? 

Well if you are looking for a quick house sale in 2012 these numbers do not look fantastic. With many homeowners playing the waiting game to release their hard earned equity, it is safe to say the tide has not turned. In fact, the outlook for 2012, according to many economists, house prices look set to decrease further as an average across the UK. Of course this is an average, and will vary from place to place.

This downward trend, along with banks simply not lending to the average house buyer, makes things difficult if you are looking for a quick house sale. What are your options when you need a quick house sale? Estate agents are still taking a long time with many experiencing a 12 month selling time, many longer. If this is not an option then you may consider a private sale. It is generally fast, efficient and free. Make sure you shop around and get as many offers as you can, there are many private house buyers out there and don’t all do as they say - so beware. 

Stewart Property Buyers can provide a quick house sale to home sellers when selling a house quickly. We have helped many couples and families sort out their problems. In simple terms - we buy houses quickly. We can help you if you need to sell a house due to a broken chain, financial difficulty, relocating, poor health, divorce or separation. These all command strict timescales that we can work to. Need a quick house sale in 10 days? No problem. Or, complete on a date that suits you - 28 days, or 3 months. We can help you today. Speak to one of our friendly staff on our free phone 0800 324 7874, or fill in our enquiry form and we will be in touch.

We look forward to speaking with you.

Stewart Property Buyers