SELL YOUR HOME QUICKLYExperts agree: Darling offering little relief for property buyers
Property buyers and homeowners desperate for good news on the housing and mortgage front were sorely disappointed by Chancellor Alistair Darling’s 2008 Budget speech.
According to industry experts the proposed measures offer little respite for property buyers struggling to enter the market or meet the rising cost of servicing mortgage debt.
Consumers are increasingly feeling the pinch from the global credit crunch, following an end to cheap credit and rises in household mortgage repayments, food, fuel and council tax costs.
Despite all these challenges, experts believe that government is once again dodging its responsibilities and trying to hide inaction through vague promises.
“Rich getting richer and poor getting poorer”
The credit crunch has resulted in fewer lenders that are prepared to offer mortgages to aspiring property buyers. Houses that are affordable for first-time property buyers are being snatched up by property investors, who might soon benefit from a lower tax burden by cashing in on the inability of first-time buyers to buy property.
Furthermore, analysts say that very few individuals will benefit from new government legislation allowing shared ownership property buyers to pay stamp duty only when they own 80 percent of the equity.
Conclusion
It seems the general consensus is that government has once again failed to provide what was most called for – financial relief for hard-pressed homeowners, in particular first-time property buyers.
Do you need financial relief? Would a significant cash injection help lighten the load? Contact MPG Investments today and find out how we will buy your house for cash – in only 7 days!
Call us on 0800 634 9231 and speak to a friendly property buying consultant about our 7-day process and unbelievable No Fee Promise!
More articles people found useful:
- The Property Buying Company
- Selling to a home buying company
- Top Property Buying Company
- What is a property investment company
- Who really is the best buyer?
- Why MPG can offer a more secure sale
- Key benefits when selling your home with MPG
- Why MPG offer greater security
- MPG solutions: tailored services to suit you
- Listen to the experiences of our clients
- Property Buyers - The Good, The Bad and The Ugly
- UK homebuyer
- Will a property investor make my situation worse?
- Are there alternatives to selling to property investors?
- Property investors – the sixth emergency service?
- Put the UK’s leading property investor to the test!
- Want a fast house buyer? Contact MPG!
- Property Buyers
- Commercial Property Buyers
- The 7-Day home purchasing specialists
- MPG house buyers can buy my house in just 1 week!
- UK home buyers: A step up from estate agents
- MPG property buying company gets you on your feet in one week!
- Property investors and homeowners: Need to sell fast?
- Your fast track homebuyers
- What kind of house buyers are you seeking?
- The UK’s nationalhomebuyers of choice
- Why we’re proud to be called property investors
- Looking for companies that buy houses?
- The UK’s ultimate fast track home buyers
- 5 Advantages of selling to a home purchasing company
- Contact us to arrange a free no-obligation valuation
News Articles
- Can Darling bolster the market for home buyers?
- Government slated for inaction on property crunch
- Homeowners hit hard as fixed rate deals end
- First Direct withdraws UK mortgage deals
- No mortgage relief expected despite predicted rate cuts
Latest News:
- Bank of England steps in, no reverse to credit crunch impact
- Can Darling bolster the market for home buyers?
- More mortgage raises bludgeon cash-strapped home buyers
- Experts agree: Darling offering little relief for property buyers
- Taxpayers to fork out for BoE’s new mortgage plan
