The latest survey from GE Money Home Lending shows the top two improvements that homeowners can make to increase the value of their property:
Loft conversion - adds around £22,300
House extension - adds around £19,271
No surprises really but what is quite surprising is that most homeowners think first about changing their kitchen or bathroom or even to redecorate throughout. With all three put together, homeowners may only increase their house values by £18,000. What are you going to do to improve yours?
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
Quantum Mechanics: The dreams stuff is made of.
Monday 4 June 2007
Friday 1 June 2007
Sun, Sea, Sand and...Debt?
In a new survey by CreditExpert.co.uk, 12 million people from the UK will be flying off to the sun this summer to avoid the good old British weather despite falling in to debt as a result.
More than 25% of those surveyed admitted to using their credit cards, taking out a loan or ramping up their overdraft in order to 'catch some rays' whilst 6% said that they habitually go into the red to fund their holiday experiences. Indeed, 18% only checked the cost of the holiday when they got home having not kept a track whilst away.
Unfortunately, the debt will still have to be serviced and many will decide to take out a debt consolidation loan to make it easier to manage their repayments as a result.
For more information, hints, tips amd money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I intend to live forever - so far, so good
More than 25% of those surveyed admitted to using their credit cards, taking out a loan or ramping up their overdraft in order to 'catch some rays' whilst 6% said that they habitually go into the red to fund their holiday experiences. Indeed, 18% only checked the cost of the holiday when they got home having not kept a track whilst away.
Unfortunately, the debt will still have to be serviced and many will decide to take out a debt consolidation loan to make it easier to manage their repayments as a result.
For more information, hints, tips amd money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I intend to live forever - so far, so good
Thursday 31 May 2007
House Price Inflation At 5 Month High
Despite all predictions of a slowdown in property prices following successive interest rate hikes from the Bank of England, house prices increased by 0.5% in May. This took the annual growth rate to 10.3% which equates to the highest level for five months according to the Nationwide.
Despite the rate of the rise slowing from 0.9% in April, analysts are still a little surprised at the length of time it is taking for the rate rises and the increases in house prices to take effect and to slow the demand together with house price inflation. Indeed, speculation still suggests further rate increases to 6% by the end of the year.
Whilst significant rate increases remain a threat to the housing market, provided that there is stability in the job market and the economy maintains its course for steady growth, concerns over a muted economic slump and share market crash are not shared by all.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I drive way too fast to worry about cholesterol
Despite the rate of the rise slowing from 0.9% in April, analysts are still a little surprised at the length of time it is taking for the rate rises and the increases in house prices to take effect and to slow the demand together with house price inflation. Indeed, speculation still suggests further rate increases to 6% by the end of the year.
Whilst significant rate increases remain a threat to the housing market, provided that there is stability in the job market and the economy maintains its course for steady growth, concerns over a muted economic slump and share market crash are not shared by all.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I drive way too fast to worry about cholesterol
Wednesday 30 May 2007
Sell! Sell! Sell! - Buy to Let Investors Jump Ship Amid Rising Interest Rates
The latest Bank of England interest rate rise to 5.5% has seemingly pushed a number of buy to let investors to sell their properties according to recent figures.
The Royal Institute of Chartered Surveyors (RICS) said that more than 5% of landlords opted to sell during the quarter to the End of April 07 which represents the highest number for the past two years.
In recent yars, low cost loans and mortgages and the rising cost of housing have encouraged considerable numbers of people to invest in buy to let type investments although four interest rate rises since August of 06 and the predicted slowdown of house price rises will have undoubtedly taken their toll on rental yields and profits.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I almost had a psychic girlfriend but she left me before we met!
The Royal Institute of Chartered Surveyors (RICS) said that more than 5% of landlords opted to sell during the quarter to the End of April 07 which represents the highest number for the past two years.
In recent yars, low cost loans and mortgages and the rising cost of housing have encouraged considerable numbers of people to invest in buy to let type investments although four interest rate rises since August of 06 and the predicted slowdown of house price rises will have undoubtedly taken their toll on rental yields and profits.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
I almost had a psychic girlfriend but she left me before we met!
Tuesday 29 May 2007
Mortgage Approvals Up Despite Predictions
The number of mortgage approvals made in April 07 rose by 1% above the figure for the previous year, ending a four month run of decline, a new survey showed.
The British Bankers Association released figures of 64,815 approvals for April over 64,183 in the same month last year. These figure go against the tide of analysts predicting a downturn although the market is still pesimistic. With interest rates rising and affordability under a greater level of strain than for some time, it would be very surprising if they were not soon proved to be right. The new mortgage approvals may not however, be linked with house purchases. They may be a response to the forthcoming interest rate hikes with more people switching to fixed rate deals.
For more information, hints,. tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
Early bird gets the worm, but the second mouse gets the cheese!
The British Bankers Association released figures of 64,815 approvals for April over 64,183 in the same month last year. These figure go against the tide of analysts predicting a downturn although the market is still pesimistic. With interest rates rising and affordability under a greater level of strain than for some time, it would be very surprising if they were not soon proved to be right. The new mortgage approvals may not however, be linked with house purchases. They may be a response to the forthcoming interest rate hikes with more people switching to fixed rate deals.
For more information, hints,. tips and money-saving ideas, visit FeelGoodLoans.co.uk
One liners...
Early bird gets the worm, but the second mouse gets the cheese!
Monday 28 May 2007
Shopping - Stress Relief For The Masses
One in four Britons shop to relieve stress despite rising personal debts - a new report by the research company YouGov for the charity The Retail Trust reveals (Reuters, London).
The survey covered 2500 respondants and 18-24 year olds were found to be the most likely to do so than any other age group and people employed in the service industries such as hotels or restaurants are almost twice as likely to alleviate stress in this way compared with people employed in other industries.
10% of supermarket workers now owe more than 100% of their annual income in personal debt with men more likley than women to owe money. The knock on effect is a potential meltdown if the economy slows, leaving many people on the brink of financial ruin.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job...
Q. How's your job at the crystal ball company?
A. I'm making a fortune.
The survey covered 2500 respondants and 18-24 year olds were found to be the most likely to do so than any other age group and people employed in the service industries such as hotels or restaurants are almost twice as likely to alleviate stress in this way compared with people employed in other industries.
10% of supermarket workers now owe more than 100% of their annual income in personal debt with men more likley than women to owe money. The knock on effect is a potential meltdown if the economy slows, leaving many people on the brink of financial ruin.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's Your Job...
Q. How's your job at the crystal ball company?
A. I'm making a fortune.
Friday 25 May 2007
Estate Agents Not Flavour Of The Month?
Complaints about estate agents have hit an all-time high, a new report shows.
8472 complaints were received by the Ombudsman for Estate Agents (OEA) regarding the condct of its members from property buyers, vendors and even tenants during 2006 which represents an increase of 41% on 2005.
Whilst many believe that these complaints are justified there are some who are prepared to take a more balanced view siting the pressure-cooker experience of buying and selling property as the catalyst for the situation. Estate agents are an easy target as they are the ones who can be blamed, largely with impunity when things go wrong during the process.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's your new job...
Q. How's your job at the travel agency?
A. I'm going nowhere.
8472 complaints were received by the Ombudsman for Estate Agents (OEA) regarding the condct of its members from property buyers, vendors and even tenants during 2006 which represents an increase of 41% on 2005.
Whilst many believe that these complaints are justified there are some who are prepared to take a more balanced view siting the pressure-cooker experience of buying and selling property as the catalyst for the situation. Estate agents are an easy target as they are the ones who can be blamed, largely with impunity when things go wrong during the process.
For more information, hints, tips and money-saving ideas, visit FeelGoodLoans.co.uk
How's your new job...
Q. How's your job at the travel agency?
A. I'm going nowhere.
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