In this months video blog Taj looks in to what 2015 has in store for contractors looking for a mortgage, the property market and interest rates. The first thing that is set to effect contractors is the new wave of regulations that were announced in 2014. This year Taj expects the new rules will be extended and enforced more strictly. The key thing to focus on is affordability and how you will prove your income.
Interest rates are also likely to increase this year but Taj believes this will not happen until after the general election in May.
Regarding property prices, London houses are set to carry on dipping, while the rest of the country should see some much needed growth.
Taj will be back next month to discuss any updates within the market place and how it will effect contractors.