According to the National Association of Estate Agents (NAEA Propertymark) the number of property sales agreed by estate agents increased from May to June this year. And, those from First Time Buyers made up 30% of those sales which is the highest amount since January*.
The research also found that the number of house hunters increased by 10% however, the number of properties available fell.
What this means for home owners and home buyers
Adam Nanson from Your Mortgage Expert comments:
“Traditionally, June and July are busy months for property sales and completions as purchases are pushed through before the summer months**. Having said this, it is reassuring that confidence in the house market appears to be returning following a slight lull probably brought about due to uncertainty around Brexit and the General Election.
“It is also positive news that more First Time Buyers are taking that all important step on the property ladder.”
How Your Mortgage Expert can help
“Purchasing a new property can be a stressful experience. Especially if you are a First Time Buyer or if there are a small number of properties available in your chosen area. That’s where a mortgage broker like Your Mortgage Expert can really help.
“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.”
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 We cannot be held responsible for something that was correct at the time but subsequently changes or goes out of date.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.
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