First of all, congratulations on being one of the lucky ones to get on to the property ladder. It’s not always an easy process as some of our clients find out, but once it’s done you can sit back, relax and enjoy your home.
As reported in The i newspaper this week, foreign property moguls are expected to cash in on the post BREXIT weak pound. It is expected that foreign money will pour into London and the British Property market in the coming weeks and months before the pound goes back up in value.
They’ll not only enhance your living space and give your home a new lease of life but if considered correctly they could also add value to your home.
Good news for homeowners, the average house price in September rose 5.3% year-on-year, a 1% rise from October. This means existing homeowners can benefit from improved housing equity by having access to the most competitive remortgage deals. Plus the more obvious benefit of being able to sell their property for a greater profit.
We have probably all heard about the dramatic growth in property prices across London and the commuter belt, and it’s precisely this which has spurred some City livers to reconsider their town house in favour of a better value home and more relaxed lifestyle at one of the UK’s harbor or Marina villages.
Maybe not yet, but I’m sure you will soon. It’s a nickname being given to a new, emerging group of people who are making a pretty significant contribution to property prices in the UK.
During February a huge 61,760 mortgages were granted in England alone. This is the equivalent of the entire population of Shoreham-By-Sea! The Bank of England shows that February hit a 6 month high in mortgage approvals, the highest figure since August 2014.
Last week I was spreading the word about the amazing mortgage deals that are out there at the moment, and how re-mortgaging is frequently a NO-BRAINER. Read ‘A Word on Remortgaging’ Blog here.
Last week I was spreading the word about the amazing mortgage deals that are out there at the moment, and how re-mortgaging is frequently a NO-BRAINER. Read ‘A Word on Remortgaging’ Blog here.
Mortgages look set to be even more competitive in 2015 than they were last year. A combination of factors such as low inflation, no imminent rise in interest rates and a ‘hunger’ from lenders to build new business has resulted in some very low rates, even on longer term fixed deals.
Get expert mortgage advice tailored to your needs. Contact us today – no obligation, just clear and honest guidance.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Number One Mortgages Ltd is authorised and regulated by the Financial Conduct Authority. We typically charge £749 for mortgages on new purchases and £499 for remortgages.
A summary of our internal complaints handling procedure is available on request, if you are unable to settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk