Although official guidelines do not come in to force until April, many UK banks are already “stress testing” a mortgage applicant based on their ability to meet higher interest rates. But the UK is not alone in using this method.
The process of stress testing is also happening in other parts of Europe, particularly in those countries which suffered heavily during the recent economic crisis. In countries such as Italy, Spain and Ireland, lenders can even allow up to 3% more than the current rate when assessing the potential mortgage.
An end to 2013 and the final figures are in for the Algarve’s top-class range of properties for sale. We have got used to this being a buyer’s market but what has astounded experts is that property prices across the Algarve are now lower than bank valuations.
Six properties from Portugal. Jam-packed with private pools, perfect views and pretty great prices, all properties under £100,000!
Make an enquiry today to find out more.
The ‘London Property Bubble’ is making cities around the UK more attractive to investors. Here’s why...
A lot has been said in the media about the so called ‘London Property Bubble’. Recent reports have shown that switched on British-based investors, who are demanding solid returns and strong yields, are shying away from the Capital. Many are now looking at other options around the UK thanks to a stable economy and relatively affordable prices.
The private rental market in the UK should prove to be interesting in 2014 as the Help to Buy mortgages scheme is set to get more first time buyers into the market but a lack of new housing means supply remains tight.
Reading between the lines it looks as if most experts expect the rental market to remain strong although there could, of course, be regional variations.
Today's sunny selection focuses on a range of coastal properties in the Faro Region of Portugal. Featuring a spacious south facing apartment set in a tourist development, a luxurious house with stunning sea views, and a very attractive, well positioned villa with pool. Each of these properties is a mere walking distance to the beautiful beach so waste no more time and enquire today!
As Vale de Lobo’s 50th anniversary celebrations draw to a close the resort received an additional accolade as 'Portugal’s best Golf Resort - 2014' at the ‘Today’s Golfer’ travel awards.
Vale do Lobo's CEO Diogo Gaspar Ferreira commented, “We are hugely proud once again to receive this award at the Today’s Golfer Travel Awards.
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