Buyers may consider shared equity as house values fall

15-Jun-2010

Posted by Sam Franklin

Shared equity may seem an increasingly viable option if an influx of property on the market leads to decreasing prices.

Property stock levels are now almost one-third higher than they were at their lowest in August 2009, reports FindaProperty.com

With more choice on the market, shared equity could be one way to reach the first rung of the property ladder while costs remain relatively low.

One expert from Savills argues increasing property levels will lead to a "softening" of prices, as last year's influx of buyers with high equity gives way to more individuals putting their homes up for sale.

Lucian Cook, director of the estate agent, comments: "Some of the confidence that came back to the market this year has inevitably led people to bring stock to the market in the expectation that they are more likely to [be successful]."

The prospect of rising capital gains tax may also encourage sellers to make a transaction before the next budget on June 22nd, he notes.

Shared equity and shared equity mortgages have become more popular as property has increased in price. Find out more at FirstRungNow.com or seek mortgage advice

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