2021 Open for Business

It is business as usual in the mortgage market, despite the third national lockdown. With the current global pandemic, like everybody, the whole property market has found itself in a complicated situation, quickly having to learn how to adapt to the changing environment. It is vital to the UK economy that the property market remains …

Equity release uptake climbs back towards pre COVID levels

Q3 2020 equity release market statistics released by the Equity Release Council show a positive upturn. The number of new equity release plans agreed (10,351) increased by 41% from the previous quarter as national lockdown restrictions were eased across the UK. Equity release allows individuals aged 55 and over to release money from the property …

Housing Market News

December 2020 is set to be the busiest month in the housing market in over a decade according to Zoopla. They report that house price inflation is expected to reach 4% by the end of the year but expect house price growth to slow to 1% in 2021. Regionally, the South East saw the greatest rise …

Be patient with longer timescales for mortgage applications

The confidence in the UK housing market is at a four-year high, according to surveyors and estate agents. Nationwide reports that UK house prices saw their biggest annual rise last month since 2016. On average, values rose by 5% this September compared to September 2019. There has been a huge surge in mortgage applications at …

Working together to navigate the changing market

Responding to the needs of customers affected by the COVID-19 pandemic, mortgage payment holidays can be extended for a further three months, under plans from the government and regulators. The availability of a three month mortgage holiday was first announced in March as part of an unprecedented package of support for individuals, businesses and the …

Positive steps

The housing market has re-opened to a promising start in England. There is cautious optimism as new regulations have been embraced and practices modified. The changes made to accommodate the COVID-19 pandemic have been many and the industry has proven to be resilient and flexible. Safety First Restrictions began to ease three weeks ago with …

A positive start to 2020

Post election bounce in the housing market signals a positive start to 2020 The housing market is responding positively to December’s election result, delivering much-needed stability for home-movers, new Rightmove data has revealed. *figures correct as of 19.02.20 Rightmove reports that there has been a 2.3% surge in the price of property being listed for …