How to trade up
New mortgage rules designed to stabilise the property market were introduced earlier this year. So how do you move up the housing ladder, and can you do it even when shackled to a home that lost value during the financial collapse, asks Margaret Higg
We all know five into two won’t go. Especially when it’s a family of five you’re shoehorning into a tiny two-bed apartment. But for those who purchased properties during the boom, the negative equity that resulted from the crash has meant many have had no choice but to make a go of it; even if changing circumstances mean boom-time purchases no longer suit their needs.
The recent upturn in the property market offered hope ...
