Normally one should be able to find property to rent in almost every village ECCO Ian Tie Coffee UK , town and city in the UK. Previously in the years leading up to 2008 there was a boom in the number of properties available to rent in the UK as private investors put their savings into this type of venture.
These were usually known as buy to let mortgages and the banks were so eager to fund this types of properties as well as fund huge developments by the major property builders who were busy building all across the country.
By 2008, the banks had become over stretched with the main burden of debt on the mortgage owners, the property developers and the property investors and this was suddenly leading to the collapse of first the Northern Rock building society and then the government bailouts for a few other banks.
Some finance houses and bigger banks actually collapsed due to these issues and other related issues like fraud and bad lending and up till today the global economy has taken a downturn with the UK been just as badly hit and words like credit crunch, austerity measures and quantitative easing are been banded around the place.
This particular situation has lead to a peculiar situation in the housing market. Previously the property developers were building houses and homes for the rising population no doubt exacerbated by the growing immigration from the new EU countries and the rising local population coupled with the number of people who were now aspiring to own their own homes.
Unfortunately the banks have become more responsible lenders and are requiring higher deposits for mortgages thereby creating a situation where most people have resigned themselves to renting apartments or houses as opposed to buying one, hence the coining of the term “generation rent”!
This term is based on the assumption that the current generation of people living in the UK will end up living in rented or council accommodation for much longer compared to their parents and as research shows the average age of first time buyers in the UK has moved up in recent years as most people now have to save for longer to acquire the necessary deposit whilst at the same time living in rented accommodation.
This is put a lot of pressure on the rental market and the demand for rented accommodation has grown compared to the demand for house sales creating a situation which has not been matched by the supply of suitable accommodation.
Invariably what we are seeing is a scenario where rents are rising due to the demand for rented homes by generation rent thus making it more difficult to buy homes on the long term.
While some of the banks are now turning around and lowering conditions for accepting a mortgage, the weak economy has left a lot of people devastated and they in turn are less ready to commit to a mortgage when rationalized against the number of mortgage repossessions of which the currently known figures keep rising.
The state of the economy has not helped matters as inflation is currently reported as been at 5.2% with a commensurate unemployment figure compared only to 1970.
For generation rent, this are hard times and maybe quantitative easing will help but I do not see it as a long term solution as reversing the balance of trade, attracting inward investment and creating new markets are much stronger indexes for easing their pain and ensuring that they one day become property buyers and not renters.
Sylvia Flats writes property lettingarticles for the Lettings Mall.
The Lettings Mall provides property owners,tenants and estate agents a platform to collaborate with each other and offers property to rent in the UK.
Eczema is a problem which can effect anyone at all ages and it can also be a thing that can embarrass you. The cause of the problem is what you need to deal with but most doctors will only try to deal with the symptoms. One could claim that the doctors and dermatologists do not want to cure your eczema since they will lose you as a patient. But if you are geared up to give something else a try there is a program on the internet that can actually teach you how to remedy your eczema yourself in just two weeks. The “14 Day Eczema Cure” is the particular name of this method and in this article we’re going to find out what it is all about.
One thing you must learn is that eczema can actually result in death. You may have heard of staph infections, and you probably also realize that left untreated it could kill you. But what you almost certainly did not know is that eczema can really cause staph infections. I just wanted to start off by detailing to those of you that are unaware, but eczema is more than just a skin issue, it can lead to major health conditions also. Naturally if you’re able to actually cure yourself from your eczema, you won’t need to be concerned about these negative effects.
One of the greatest things that I found relating to this eczema cure is that you are going to be learning methods to eliminate your eczema using all natural strategies. Almost any drugs for any variety of disease or illness can cause even more medical conditions, but this program will not utilize any types of drugs in your cure. One thing you will find out is that Fay Spencer was the woman which designed this program and she was once a sufferer of eczema also and thought we would find a cure. The greatest thing is which Fay not only discovered a cure for her own eczema but it’s an all natural remedy that she is sharing with other people.