Articles & News About Your Credit

The Rental Market Could Be A Winner In The Credit Crunch

As the credit crunch begins to bite hard into family life and businesses, there is one area that is experiencing an upturn. At first you may think this would be a debt management company, however the rental market in the UK is beginning to boom amongst the doom and gloom of the economy in general.

The reasons for this are mainly twofold. People who would like to buy a house a now finding it difficult to secure a mortgage in today?s financial climate and so are turning to renting a property as a stop gap. However, those who have the credit available, or are cash buyers may be waiting until the housing market settles before they buy, and these too are looking at renting a property
until they can see how the housing market pans out.

Mark Homer runs a property-investment service that is based in the East of England. He says that the increase in the demand for houses to rent has caused rental prices to rise. He says that ?despite the gloomy headline, business has never been better. Rent in our properties is up 20% since the credit crunch hit.?

Recent data supplied by Paragon (Mortgage Lenders) showed that average rents for properties in the UK had risen by 12% since August 2007, when the credit crunch began to hit. Meanwhile, data released from Hamptons International (letting agencies), indicate that the number of tenancies has risen by 33% during January ? April 2008.

However, this may be good news for landlords and related industries, but tenants are finding things increasingly hard as they have to compete for rentals in the marketplace.

Although there is a distinct upturn in the rental market, many lenders are closing their doors to what are termed ?short-term? players. These are people who, in the past would be looking to make a quick kill using the buy to let market. Nigel Terrington, Chief executive of Paragon mortgage lenders said that are not prepared to lend to short-term players at this time, and are focusing on career landlords who aim to keep their property for a longer period of time. He said that the market is now ?increasing restricted? being mostly limited to existing clients. He went on to say that he could not see a change in the market occurring quickly.

There is hope on the horizon for house buyers as First Direct have now resumed selling mortgages to new customers.

This comes after a period of time, when it stopped selling mortgages to new customers due to being overwhelmed by mortgage applications. On April 1st this year, the telephone and Internet bank withdrew the availability of mortgages to new customers after receiving 5 times their normal volume of applications.

First Direct have now announced that they have caught up with the backlog that occurred in mortgage sales and have contacted everyone who has been waiting for a decision.

The domestic rental market may be booming but the commercial market is suffering a downturn as many companies are looking to cut costs and postpone or shelve expansion plans.

The author is regarded as an expert in debt management and debt recovery. He has assisted many individuals resolve their debt problems.

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

5 Things To Look For In A Travel Reward Credit Card
Tightly secured in an individuals cardholder or wallet, credit cards seem to have replaced cash whenever it comes to shopping. With credit cards, people will never have to worry carrying big amount of money whenever they go shopping. Convenience is the name of the game. With credit cards, it is a total cashless shopping experience.

First Credit Correction Service Opens Its Doors For Business
Up to 79 percent of all credit reports contain inaccurate information.

Simplifydigital Reports Digital Bundles Take Off as Credit Crunch Bites
Simplifydigital reveal that customers are increasingly choosing to bundle their digital services (TV, broadband and telephony), in a bid to save money as the credit squeeze bites.

How to Repair a Bad Credit Rating
If you have a bad credit rating, then you might find that your ability to get financing, loans, and even some jobs is greatly diminished.Once you have a bad credit rating, it might seem like there's nothing that you can do about it.

Three Signs That You Are In Need Of Credit Repair
It is happening all around you. Your next-door-neighbor may have to file for bankruptcy protection. The family across the street is in danger of losing their home to foreclosure by the bank. Your brother-in-law can't get a decent interest rate on a car loan. But you certainly don't have any credit problems. Or do you In this article we will spell out three signs that you are in need of credit repair, and provide some solutions that work.

Bad Credit Rating High Auto Insurance There Is No Appeal
Believe it or not whether you pay your bills on time can make a hefty difference in your car insurance premiums The adage of an experienced home contractor was that ?If the yard is neat you will have no trouble being paid

The Bad Credit Car Loan
Introduction

Consolidate Debt Loans - Credit Card Debt Consolidation Loan
The credit card system is the most easily available form of loan, as their authorization is based only on the credit history decided by the average monthly income, type of profession, proper bill payment patterns etc of the person availing a credit card

How to Save Money on Your Credit Cards
Credit card companies make their money on the 85% of us who fail to pay the outstanding balance each month. Even if you are not in a position to pay the balance each month you can still save some money if use your card wisely.

Credit Card Conslidation Service; It Pays To Change Your Habits
An awful lot of people are now in serious debt due to credit cards. The current economic conditions along with the housing crisis are adding to the misery of the average worker. Many people have been using their credit cards to pay for fuel to get to work and to buy groceries. Some people are behind in their payments and credit card companies are gouging their customers with very high interest rates.

Canam Credit Sponsors AIDS Awareness Event
Canam Credit Company Inc. is pleased to announce its participation in sponsoring Calgary Cares 2007, supported by AIDS Calgary Awareness Association. The company is a gold sponsor, being a leader in helping our Calgary community create education, prevention, and support programs.

Bad Credit Ratings
Bad credit loan

Resisting The Credit Card Urge
Whether you are trying to get out of debt, or stay out of debt, temptation can be your biggest enemy. Many people get into debt, only to get right back in within two years. The temptation is having what you want, when you want it. However, there are ways you can afford to live without that urge and keep your credit in check?and they aren?t hard either!

SuperCharged Secret 2, Credit Card Utopia
INTEREST BEWARE, THERE'S SAFETY IN NUMBERS!Note: The following is part 2 of a 5 part series, Over the course of these 5 articles, I am going to introduce you to several methods for maximizing the use and benefits of the best Credit Cards and offers on the market today. This information, when used in conjunction with one another, is unlike anything you've ever seen before.