But are they worrying unnecessarily? Greenhill Finance’s blog moderator Claire
thinks so,Lebron James Shoes.
This fear was stoked by a recent report from the Chartered Institute of
Surveyors confirming the drop in house prices across the UK.
“A loan secured on your home is still very much a viable option,Lebron 10,”
This view has been reinforced by reports, widely quoted in the national
press, from the National Housing Federation predicting an actual increase of 25
per cent in house prices over the next five years,Jordan retro 5, starting in 2010,Foamposites.
Those easy mortgages are now nowhere to be seen due to the
credit crunch and we are seeing truer prices. There may well be a stiffer
downturn yet in house prices but people in many cases have already made massive
amounts of money on their homes.
“Certainly there will be an adjusting of what people’s estate is
worth,New Jordans 2013,’ he says,Foamposites For Sale. ‘It was always going to happen,Cheap Foamposites, the way things were could
never carry on. But for the most part homeowners have done very well from
property,Nike Lebron 10, and probably still will.”
That’s why David has doubts a recession is on its way. He believes that most
people are more likely to remain in their present homes and invest what they
can in making their homes nicer through remortgaging or taking our secured loans.
(PRWEB) August 4, 2008 — Fact: Experts
claim that despite the current house price downturn house prices will actually
rise by as much as 25 per cent over the next five years.
‘But the truth is that for the majority the possibility for negative equity
is pretty remote. Most homeowners are still way ahead of the game especially if
they have been in your home for more than a few years.’
And he adds that even those with what might be regarded as a bad credit
rating still have access to credit if they own their own homes.
Greenhill Finance claims that as long as you are a homeowner recovery
from the so-called credit crunch is not only possible but is achievable with
minimum pain and maximum benefit. Finance ‘guru’ Claire and blog moderator
tells you how.
David Reid, a senior advisor at Greenhill Finance, explains: ‘Today’s market
has been over-inflated due to a number of reasons: the ease of gaining credit,
better selling by estate agents, and low interest rates. This meant more
readily available money coming into the market pushing up prices.
“Those easy mortgages are now nowhere to be seen due to the credit
crunch and we are seeing truer prices. There may well be a stiffer downturn yet
in house prices but people in many cases have already made massive amounts of
money on their homes.”
Claire points out, for example, that according to Nationwide Building
Society the average price of a house has risen from ?77,698 in the first
quarter of 2000 to ?179,363 for the same quarter of 2008.
Not surprisingly, given the bad publicity over falling house prices, many
people are becoming concerned about the effect of a possible recession and at
losing money on their homes.
The BBC’s programme ‘Truth About Property’ also recently did their own
report using HomeTrack and found that the average houseowner still had some
?167,000 of equity in their homes.
“A lot of people are worried that falling house prices will put them
into negative equity – where the value of their homes is less than the amount
of their mortgage,” says Claire.
Greenhill Finance can help select the best secured loan with money in the
bank within 21days. Call 0800 916 4148 or visit
So the view from Greenhill Finance is that the present financial situation
is not so much a recession as a slowing down of a market that was well overdue
and better times will return once the market has stabilised.
Greenhill Finance’s guru Claire has an advice blog on a recently launched
specifically to help people with problems over finance. Features includ