This month Taj looks in to the changes in house prices and how they keep rising, especially in London and the surroundings. He notes that although the rate of growth has slowed this is still unsustainable in the long term. If you are a contractor looking for a mortgage Taj thinks it is worth acting soon as house prices continue to increase. In addition, he advises that potential buyers should look for stability in the longer term, rather than settling for short term rates. Taj undermines the rumours suggesting a crash in the market and believes this is unlikely due to the current economy.
Next month Taj will be giving his expert opinion on the new set of mortgage rules introduced in October.