300% MORE INTEREST 300% more registered buyers in January ‘09 proves high demand for property and a renewed conﬁdence! With a steep rise in demand Recovery signs Property prices have now fallen for homes across our ofﬁces by 25%, as predicted by many — back to the ﬁgures seen in commentators — and with the Halifax January 2008 — have we seen reporting house prices increasing by the end of falling house prices? 1.9% (Dec. ‘08 - Jan. ‘09), the market An unprecedented combination of factors could well be responsible for this swing, making this the best time in a long time to move home.
The wisest are making the property market work for them upsizing now can save thousands.
may well have stabilised... if it hasn’t already started to recover.
The wise upsize There is great advantage in upsizing in the current market. Percentage price drops means that reductions on larger properties are greater than those on smaller homes (see over). The gap between your current home and your next step up the property ladder may never be so small again.
Interest rates are the lowest they’ve ever been in the Bank of England’s 300 year history — and mortgage lenders are starting to compete with some very good deals now available.
With the lowest interest rates on record, a surge in demand, reported increases in property prices and signiﬁcant savings to upsizing — can you afford not to move? >
Now is the time to get moving! Be wise... and upsize!
An altogether different Prospect.
Why the wise are upsizing g HIGH DEMAND FOR HOMES
LOW INTEREST RATES
SIGNS OF RECOVERY
BEFORE PRICE CORRECTION
£200K Cost to upsize
LOWER COST TO UPSIZE
Cost to upsize
This illustration shows how upsizing from a £200,000 to a £400,000 home would have cost £200,000 prior to the recent price correction. In the current market, this same move would now cost 25% less, or £150,000 — a grand saving of £50,000!
Value your home. We’d love to! With increased demand, and a shortage of properties on the market, you’re more likely to sell your home now — and for a better price too. We’d be delighted to offer a free, expert, no-obligation valuation of your home to put you in the picture.
EXAMPLE GIVEN FOR ILLUSTRATIVE PURPOSES ONLY. PRICES AND SAVINGS IN YOUR SITUATION MAY DIFFER FROM THOSE SHOWN.
If you’ve been thinking about taking the next step up the property ladder but been put off by the current property market, think again — now could be the ideal time to move on up!
Hook a great rate... ...and catch the wave! .. With interest rates favouring homeowners rather than savers, now could be your opportunity to upsize or invest in property. Great deals available from Prospect Financial Services YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
Call Prospect today to get you moving... onward and upward! Reading
(0118) 955 9700
(01344) 869 169
Crowthorne (01344) 778 868 Warﬁeld
(01344) 300 700
Wokingham (0118) 979 7770 Winnersh
(0118) 979 6661
(01276) 609 070
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