Whether you have owned a property for many years or you have recently taken the plunge you cannot afford to ignore the current housing market crisis.
Let's get straight to the point...
Negative equity fears soar after record slump in house prices. After months of constant doom and gloom within the UK housing market it is now official – the UK is heading towards a full blown recession.
The implications to the already flat housing market could be catastrophic, equal or worse to the notorious house price crash experienced nearly 20 years ago.
Here at www.equityprotector.co.uk we agree the UK housing market is heading for a sharp correction so have put together a step by step guide to protect the equity within your home, Buy-To-Let or even a property portfolio you may have.
This proven method is used by many professional investors but is virtually unknown by private home owners.
Please read on to discover the many reasons why this is so important to you and your hard earned cash - then act... before its too late!
The story goes like this...
Over-valued house prices: International Monetary Fund has warned that house prices will have to be corrected, house prices are 30 per cent too high in the UK and could soon crash.
After a decade-long housing boom, it fears Britain is one of the most vulnerable countries in the world to suffer a devastating price collapse.
The IMF said the UK has experienced one of the world's "largest unexplained increases in house prices" over the past decade.
The cost of an average home fell by 2.5% during May, the biggest monthly decline since records began in 1991, figures from the Nationwide Building Society show.
House prices have fallen by nearly £12,500 since the market turned in October.
Negative equity
There were warnings this week that house prices might drop by more than a third over the next three years. As a result, an estimated 500,000 people could be plunged into negative equity. So does this mean a return to the nightmare of the 1980s?
Credit ratings agency Experian have found that in some parts of Britain, the average mortgage debt is more than 90 per cent of local property prices.
This leaves owners vulnerable to negative equity - where the amount owed on the home is more than it is worth.
It's impossible to deny the most talked about subject over the last ten years at dinner parties, pubs, clubs, down the gym has been house prices! Unfortunately it's likely to be the most talked about for the next ten... but for all the wrong reasons.
In the UK the average house price in May 2008 was £173,580.
In May 2008 alone it was reported that prices fell by 2.5%. That's £4339.50.
If it goes down a further 10% by the end of the year that's a massive £16,924.
Many ignored the key signals back in the late eighties and early nineties and paid dearly. What they didn't have was a very basic system to protect their cash... you have.
I think you've got the picture by now, we really are on the brink of something quite life changing and for those who just sit and do nothing the consequences could leave them with a lifetime of regrets...
Protect your equity now!
It's simple... It's easy... and now available for the first time ever in a unique, ready to use informational report.
Act now and never get caught, like so many did, 20 years ago.
NOW IT'S UP TO YOU... Protect yourself today! Just follow some basic instructions and you can relax and stop worrying about whatever the housing market does and start living again!!
What you get
You will receive all the information required to guide you through how this can be done. It's straight forward and very easy to understand and can be achieved with very little effort. All in all, everything you need to 'get protected!'
All for only £4.95
Recent News
House prices tipped to fall 20% in two years
Gráinne Gilmore, Economics Correspondent
The value of homes in Britain could slump by a further 20 per cent in the next two years as the number of buyers continues to fall, experts predicted yesterday. Property values have already dropped by 10 per cent since prices peaked in August last year, wiping £20,000 off the price of an average home, figures from Halifax show.
But Howard Archer, of Global Insight, the economic consultancy, said prices would plummet by a further 20 per cent, or £40,000 on average, before the market begins to recover. "Continued falls in house prices are expected until the first half of 2010, taking the average house price to £140,104, down from £199,600 in August last year," he said.
Vicky Redwood, of Capital Economics, presented an even bleaker outlook, forecasting that the housing market would not recover until well into 2011.
Date: 19/07/2008
Nationwide warns of recession as house price drop doubles
Times Online and Agencies
Nationwide, the UK's biggest building society, today gave warning that a recession could be on the way after the average house price in the year to July plunged to a three-year low of £169,316.
The average price of a home is now £15,000 lower than in July last year, after prices declined by 8.1 per cent - the fastest decline since 1991 during Britain's last recession.
Nationwide said that over the course of this year, house prices have fallen nine months in a row, and in July declined by 1.7 per cent, more than double June’s 0.8 per cent fall.
Yesterday, it emerged that 1.7 million homeowners in the UK face falling into negative equity if house prices plunge by an expected 17 per cent.
Date: 30/07/2008
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