Investment Opportunity! 2 Bed Apartment FOR SALE O.I.R.O £110,000
Key features
- 126 Year Lease
- Good size property
- Currently Tenanted @ £550.00
- No Upward Chain
The UK property market continues to face a number of challenges, with mortgage costs, affordability, economic uncertainty and the overall cost of moving all influencing buyer and seller decisions.
One of the biggest talking points this week has been the 11% week-on-week drop in sales agreed and a drop of 2% on the average asking price of a newly listed properties. While some seasonal softening is entirely normal during the summer holiday period, the scale of this fall has caught the attention of the property industry.
The UK mortgage market is moving once again, with a number of major lenders increasing their mortgage rates as wholesale funding costs and swap rates rise. For anyone planning to buy, sell, remortgage or invest in property, this is an important development to keep an eye on.
August does not have to be a quiet month for your property search. With the right financial preparation and viewing strategy, summer buyers can uncover opportunities others may miss.