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Mortgages that are currently classed as high loan to value and even high risk mortgages, similar to 90% mortgages, were very easily available before the well publicized credit crunch in 2008. There were thousands of individual mortgage products available at 90% loan to value, including fixed rate, discounted rate, capped rate and many more. Several of the finest mortgage rates and best appealing deals were provided to debtors who merely had 10% deposit in existence (or 10% equity in the case of current house owners) – and as such in many ways these kinds of mortgages were subsequently not accepted as high loan to value or in particular high risk. In reality, since it was achievable to obtain mortgages at 95%, 100%, or perhaps greater than 100% loan to value – a 90% mortgage seemed a secure bet in contrast.

How things have changed following the credit crunch. Lenders who previously competed aggressively for new customers, even mortgage customers with 10% or less deposit/equity, lost appetite for this type of business. Soon after the depths of the credit crunch in late 2008, UK mortgage lenders withdrew all 100% mortgage products, all 95% mortgage products and nearly all 90% mortgage products. The number of 90 per cent mortgages in availability fell sharply from thousands to less than 100 – in the space of just a matter of weeks.

This specific quick decline in mortgage accessibility resulted in first time home buyers are required to have at the very least 15% deposit and in most cases as much as 25% deposit in order to get into the property ladder. In addition existing debtors who recently owned a property suffered since the range of remortgage and home mover products accessible at high loan to value had fell. Hence, not so many individuals were competent to purchase properties so this definitely leads to stagnation and declines in house prices across the UK. Despite this decrease in house prices, which may generally bring in new property owners, first time buyers however found it not possible in most instances to cover such a high deposit which was needed in order to secure a mortgage.

Important things have started to progressively get better in recent months, although they continue to be far from their stable past. The particular amount of high loan to value mortgages that exist has developed but remains to be low i.e. not as much as 500. The lending standards for this type of mortgage remain to be very stringent with lenders turning down a good number of applications. Nonetheless things are certainly moving in the appropriate path and this can only indicate good news for homeowners and potential homeowners alike.

So will this improving trend continue? It is likely that it will, however it is likely to be a gradual improvement over a period of time as the economy recovers. Mortgage lenders will almost certainly continue to gain appetite for new business, instead of simply cherry picking lower loan to value mortgages to improve the stability of their mortgage books. Higher loan to value mortgages such as 90% mortgages will continue to increase in availability over time, leading to an increase in first time buyer purchases. And once first time buyers start to return in greater force, house prices are likely to start to increase – although most people will hope the increase is gradual and sustainable rather than any return to a harmful cycle of boom and bust.

For 90% mortgages for first time buyers visit www.90-mortgages.co.uk.

When it is time to sell, how sash window restoration can increase the sale value of your property quickly is a question on house owners minds. The answer to this question lays in the characteristics and benefits of good looking functional sash windows.

They have on hinges to rust, bend or stick. They can be left open on windy days without fear of window frames banging shut and swinging open against the side of the house. There are no problems with slamming windows breaking the glass.

They are common in older style villas with verandas, because there are no window frames to get in the way of folks on the veranda. This eliminates the risk of walking into an open window or being hit by a heavy timber frame in a wind gust. This also makes the space on the veranda more usable for the family.

They can be fully opened or only opened a little. This is handy on wet days where air flow can be maintained without rain getting inside. Fully opened on hot days enables a cooler air flow inside making for a more comfortable space.

Even from upstairs rooms sashes are easy and safe to open and close. Unlike conventional windows where people may have to lean out the opening a long way to get hold of the handle.

Like anything that operates mechanically, the frames and counter weight mechanism does suffer from wear and tear, and may become a little hard to open. When the property is going on the market, it is the right time to undertake these repairs. In fact it is prudent to refurbish the frames which will ensure trouble free use and will look great. These two facts alone added to the other benefits of sashes can add value to your home and help with a quicker sale.

For new people looking at a house, sash windows are a unique complement that makes the property interesting. Properly working fully refurbished windows is like the jewel in the crown. Once people open and close these windows once they do appreciate the simplicity and effectiveness of the design. And a great looking frame, whether painted, oiled or stained just sets off the inside and outside walls.

By using a competent tradesman, it is easy to see how sash window restoration can increase the sale value of your property immediately. They look good, work properly and have eye appeal. And in a buyers mind is a big yes. And the more a potential buyer can think yes, the less time they will spend looking for faults, but will start seeing themselves living in their new home.

Before putting your home up for sale, contact a business that restores sash windows London area to spruce up the look and operation. Completion of sash window repairs is likely to bring a better price when you sell.