With an uncertain mortgage market Nationwide has removed their high loan to value mortgage deals for new buyers, tripling deposits.
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Category Archives: Home Movers
With strong demand from buyers asking prices for property are up on average 1.9% compared to March before the Coronavirus lockdown.
Living through lockdown over a third of Brits have a greater sense of community with their neighbours and are positive about their homes.
Demand for property has increased by 88% as the English housing market reopens and exceeds pre-lockdown levels.
As the housing market reopens there is demand with 5.2 million visits from prospective home movers supporting house prices.
Two and five year fixed mortgage rates have reduced to historic lows giving you the chance to save money by switching to a preferential rate.
The number of hours home buyers spend online looking for property has increased since the lockdown with 40% rise in London.
The government has effectively suspended the housing market with the lockdown to control the spread of the Coronavirus pandemic.
Lenders have agreed to give 1.2 million homeowners impacted by the Coronavirus crisis a mortgage payment holiday.
The cost of fixed rate mortgages for borrowers has reduced but Coronavirus fears have seen lenders withdraw many products.