It was a disappointment to read the following article http://www.bbc.co.uk/news/business-20509192 . From other articles I have read recently the average prices for London are increasing owing primarily to international investors taking a keen interest in London. My predictions that the tightening of the mortgage regulations from Europe would eventually lead to a decline in house prices, as mortgage offers will decline and the maximum amounts institutions are prepared to lend are declining, appear to be coming to fruition for most of the UK. Even though equity market volatility the decline in annuity rates, which have unfairly given pensions a decline in respect by some people, investing all of your eggs in one basket is a high risk move. Having a diversified portfolio and not over extending yourself with debt is key to financial success in life. Developing a good relationship with one of the many independent financial advisors out there will help you get a professional and dispassionate review of major decisions, such as buying that dream house and which mortgage is best for it, or how best to utilise my bonus this year. I hope the stress of negative equity and debt repayment will not become a major social problem in the UK over the next few years.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
