House prices rise by an average of 4%

According to the latest report by Halifax, house prices across the UK have risen by an average of 4% in the year to September. Halifax also found that the average price of a property in the UK has risen to £225,109 which is the highest it has been*.

What this means for home owners and home buyers

Adam Nanson from Your Mortgage Expert comments:

“During the summer, there were some reports which found that house prices were falling slightly**.  However, it looks as though this might have been fallout from Brexit or a seasonal variance as house prices look to be back on track.

“Halifax has put this increase down to a shortage of properties for sale and more people in full-time employment. Whatever the cause, it’s clear that people are still willing to pay a premium for the property they want.”

How Your Mortgage Expert can help

Adam Nanson continues:

“With house prices continuing to grow, it is more important than ever that you understand your budget prior to commencing negotiations. This is where an independent mortgage broker like Your Mortgage Expert can help.

“We will review your circumstances and give you the most appropriate mortgage rate advice for your affordability. They will also help you secure an agreement in principle which is a useful thing to have prior to commencing negotiations.

“Your Mortgage Expert is whole of market and independent which means we know all the current deals and can make the most suitable recommendation for you based on your circumstances. Some of the deals may only be available through independent advisers.”

To speak to Adam Nanson about your next mortgage, ring him now on 01722 322683 or complete a contact us form and let him know when he 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 does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. 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.

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*Source: http://www.bbc.co.uk/news/business-41523430

**Source: https://www.theguardian.com/business/2017/aug/29/house-prices-dip-sign-cooling-uk-economy