Hall Quay - Great Yarmouth
April 2018 - Local Mortgage Market
Stephen Alger, Mortgage Advice Bureau Norfolk and Suffolk comments:
“March turned out to be our busiest ever month, with our advisers assisting a record number of clients which is proof of the current buoyancy of the local market.
We arranged slightly more purchase mortgages than remortgages last month, although the difference was marginal. However, we also observed a renewed surge in landlord activity with an increase in Buy To Let borrowing in March, which is consistent with the increase in demand for quality rental property locally.
Values held steady last month due to the lack of available properties for sale, which is a continuation of the trend we’ve seen over the past few months. It’s highly likely that this will continue until such times as more sellers decide to take the plunge and get their property on the market.”
For more information, please don't hesitate to get in touch with our team.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.