Residential mortgage numbers have reached a new high and of these 40% are offered without arrangement fees from lenders.
Read More
Category Archives: Home Movers
The number of home movers have dipped to under half of all house purchases and now behind first time buyers for the first time since 1995.
The competitive marketplace and low interest rates is helping remortgage buyers in London find the best deals to keep repayment costs down.
The average price for a flat has increased by £75,074 in just five years and rising faster than any other property type in the country.
Over the past decade the number of homes sold for more than a million pounds has increased by 73% even with depressed market demand.
Homeowners desperate to sell their property are marking down the price by an average £24,947 from the original asking price.
Second time buyers find it more difficult to move home than a decade ago with higher deposits, moving costs and lack of suitable housing.
Homeowners taking their second step and trading up to a bigger home need to find £136,000 helped by recent equity gains.
The number of home movers reached 370,300 the highest level for 10 years thanks to low mortgage rates and demand for homes.
Homeowners struggle to move due to a lack of suitable housing at affordable prices and are opting to improve instead.