Site Navigation

• Full Review
• Mortgages
• Income Protection
• Pensions
• Critical Illness Insurance
• Life Insurance
• Private Medical Insurance
• ISAs
• Will Writing
• Business Insurance
• HIPS
• Banking

House prices rise for 3rd month in a row!

Published on 20th August 2009

With gloom and doom seemingly around every corner, it's good to report some positive news about the property market. For the third consecutive month house prices have risen and signs are that the worst may be behind us. Will would-be house buyers miss the boat as prices climb back?

The latest Nationwide House Price Index shows that the average house rose in value by 1.3% in July. The fact that house prices have risen for the last three months shows that confidence may be returning to the housing market and this renewed momentum could have a positive effect in the coming months too.

With base rates at an all time low buyers consider their mortgages to be more affordable, whilst an increase in lending from some major providers is also helping to get things moving again. At ContractorFinancials the mortgage desk have just experience the busiest month since last summer as canny buyers snap up properties at current low prices from what is a very limited supply on offer.

We are noticing that lenders, however, are very picky about who they will lend to and a number of clients who have come to us on the rebound from less Contractor focused advisers seem to have had a torrid time trying to get the mortgage they require - even with a substantial deposit in some cases.

We specialise in helping Contractors to secure a mortgage based on contract rate alone so you avoid the hassle of explaining your income to High Street lenders.

• Return to latest articles

News and Articles

Death of the self cert mortgages

With lending criteria becoming tougher by the day, it was only a matter of time before lenders started to pull out of the more risky products including Self-certification mortgages...

The dark truth behind unemployment cover for contract workers!

In these uncertain times, Contractors are increasingly drawn to insurance policies that offer the promise of a safety net in times of unemployment...

Opportunities in the current investment markets

With interest rates at an all time low, it is more important than ever to consider investing your savings rather than leaving them to gather dust in a high street savings account...

Testimonials

• The whole process was so quick and easy with no worries...

  Steve Birchall

• I would have no hesitation in recommending your company to others...

  Nick Williams

More testimonials