Currently viewing the tag: "Mortgage issues"

Optimism among residential property owners is increasing with more than one third expecting residential property prices to be higher by this time next year, despite the uncertainty surrounding the UK housing market, according to the latest survey by Rightmove.

46% of homeowners regard current residential property values to be fair and reasonable according to the consumer confidence survey, showing that the British public now have a more optimistic outlook for the UK property market, than in recent years

Concerns stated by the public in the survey include

  • Mortgage-related issues
  • Mortgage availability
  • High deposits
  • Being able to find a suitable property

The survey of 40,000+ home movers showed that some 6% worried about being able to meet mortgage payments and the same proportion were also concerned about property values changing.

Despite the slump in the UK property market over the last three years, public home ownership ambitions remain undaunted by the UK’s double dip recession.

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