Latest research from Lloyds TSB* has found that people pay, on average, nearly an extra £90,000 to live within a National Park. And, the most expensive National Park is the New Forest, near to where Your Mortgage Expert is based.
In fact, the research found that the average house price in The New Forest National Park is 13.3 times more than the average annual earnings of those living there. With the average house costing £474,883 to live within the 150 square miles of forest that stretches between Salisbury and Southampton.
What this means for home buyers and home owners
Adam Nanson, Managing Director of Your Mortgage Expert in Salisbury comments:
“It is clear that the New Forest and other National Parks are very desirable places to live. And, as such demand a premium when it comes to owning property there. In fact, we find that Southampton and Salisbury and the areas in between are very sought after.
“With high premium tends to come high demand. And, as such, it is more important than ever that house buyers know their budget. This will help them look at appropriate properties that reflect their affordability.”
How your Mortgage Expert can help
Adam Nanson continues:
“A Mortgage Broker such as Your Mortgage Expert, 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 across the 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cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation.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: Lloyds Banking Group: http://www.lloydsbankinggroup.com/globalassets/documents/media/press-releases/lloyds-bank/2012/0408_parks.pdf