As a landlord, and someone looking to buy another property soon, the housing crisis we’re currently in the middle of is a right pain in the wallet. I’m locked into keeping hold of my house as I can’t afford to sell it right now. All of this has of course been caused by the Americans and their collapsed property market. It’s caused us problems, and more importantly, me personally.
Anyhow, this got me thinking about mortgage advisers must be struggling right now as well. Anyone in the property industry, even estate agents (and we all feel for them right?) will be affected by the current climate. But are mortgage advisers also adversely affected? They’ll have completed CeMAP courses to become certified mortgage advisers, with their CeMAP qualification, and then be faced with the problem that they can’t find any lenders to offer financial deals to property buyers.
The whole industry will be suffering. While this is a bad time for buying a property it is however a good time for letting out property. Nobody can afford to buy so they have to rent, which pushes up rental prices.