Hall Quay - Great Yarmouth
March 2019 - Local Mortgage Market
“We were pleasantly surprised at how busy we were in February, with the total number of clients we assisted increasing both year on year and also on the previous month, both in terms of people moving home and also those who were remortgaging.
On the purchase side, things ticked over nicely with a mix of buyers at all price points. There is still a discernible lack of homes available for sale, which meant that prices held steady last month if not slightly increased in some local areas last month, with many properties going under offer quickly once they had come onto the market.
For remortgage clients who were actively seeking their new deal, last month many lenders released highly competitive rates meaning that we were able to secure some excellent value long-term fixed rate products, both for those who simply wanted to move from one product to another, and also for those who wanted to raise some additional capital in order to fund home improvements.
Overall, as has been the case since the start of the year, whilst Brexit does come up in our conversations with some clients, we’d suggest that the majority now making plans based on their own circumstances, rather than what’s going on in the headlines, and as such confidence in the local property market would appear to remain at the moment mostly unaffected.”
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.