Latest findings from the Nationwide house price index show that UK house prices have bounced back in June. This follows three months where house prices fell slightly. The latest Nationwide index reveals that, in June, house prices grew by 1.1% on the previous month, while annual house prices rose by 3.1% taking the average house price to £211,301*.

What this means to home owners and buyers

Adam Nanson from Your Mortgage Expert comments

“Given the uncertainty around Brexit and the General Election, it is no surprise that house prices have been shaky over the past few months. However, we are coming up to July and August which, historically have always been the busiest months for moving house** so this could perhaps be influencing the market.”

How Your Mortgage Expert can help

Adam Nanson continues:

“Although house prices have bounced back in June, most experts predict that house prices will continue to fall, but probably slowly rather than quickly***. However, this could be good for the market overall as it might enable more young people to take that all important first step on the property ladder.

“Since we started Your Mortgage Expert in August 2015, we have continued to see rising levels of enquiries. And, in fact, May and June 2017 have been our busiest months to date for our clients completing on their mortgages. So, we are certainly still seeing a great deal of interest from clients looking to move home, remortgage their property or purchase their first house.

“We aim to remove the time and stress of applying for a mortgage by doing all the hard work for you. We can research the market to find all the current deals and can make the most appropriate recommendation for you based on your circumstances. Some of the deals we have access to may only be available through independent mortgage advisers like us.”

To speak to Your Mortgage Expert about your next mortgage, call them now on 01722 322683 or complete a contact us form and let them know when they can call you back.

We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.

The information contained within this article was correct at the time of publication. It is intended for information only and should not be used as a basis for purchasing any products. We cannot be held responsible for something that was correct at the time but subsequently changes or goes out of date. For further information, contact Your Mortgage Expert on 01722 322683.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 

YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

*Source: http://www.whatmortgage.co.uk/news/uk-house-price-growth-bounces-back/

**Source: https://www.removalreviews.co.uk/move/uk-removals-industry-news-2015

***Source: https://www.theguardian.com/business/2017/jun/04/house-prices-falling-probably-wont-fall-quickly