Refinance UK

From the Times of London:

THE archetype of “property porn” is a Georgian townhouse, painstakingly maintained but also kitted out with every modern convenience, a blend of Gaggenau kitchen appliances and Farrow & Ball-painted original cornices. There are 840,000 empty properties in Britain, to be found in smart and scruffy neighbourhoods. The derelict house on an otherwise spruced-up street is a familiar sight. Some properties included in the empty dwellings figures are new-build flats, purposely left untenanted. There is a growing sense that these properties should provide some of the solution to the housing shortage, providing affordable homes for first-time buyers and others. It is, after all, kinder to the environment to refurbish an old property than build new homes on green-belt land. The private owners of such homes may still receive a 50 per cent council tax discount.

The Autumn Budget changes would seem to provide little incentive to buy and fix up an empty wreck. You will also enjoy the warm feeling that your new neighbours will be in your debt: homes next door to empty derelict properties sell for an average of 18 per cent less than similar homes elsewhere.

Most of the 15 (it’s a crowded sector) regular UK house price surveys continue to forecast slowdown or stagnation. The International Monetary Fund is forecasting a US-style slump for the UK market.

Among other things, its gurus point to the performance of house prices since 1997: the average house price is up over the past decade from £68,777 to £198,898. Sub-prime lending is the principal cause of the US market’s woes: borrowers with poor credit records were given loans they could not repay and are now finding their homes being repossessed

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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