Healthy autumn predicted for housing market

SPF Private Clients is stating that it expects the housing market in the UK to remain healthy throughout the autumn, due to factors like low mortgage rates and continued demand among buyers.

The CEO of this company, https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpg Harris, has responded to the latest house price index from the Office for National Statistics (ONS) by suggesting that these factors will help to cancel out September’s end of the holiday on stamp duty. He went on to point out that mortgage lenders were now keen to offer loans to borrowers, in comparison to their reaction when the Covid-19 pandemic first started.

Harris added that this willingness to lend was coupled with rates for fixed five and two-year mortgages that are at record low levels. Harris concluded by saying that all of this, coupled with product numbers that have doubled during the past 12 months, means that there is high demand and plenty of options for buyers.

Speaking to Mortgage Solutions, Chestertons’ Head of Research, Nick Barnes, said that there had been a 54% rise in house sales during August – which is generally a quiet month for the market. He then added:

“We expect activity to pick up as we move into the autumn as there is still substantial unsatisfied demand. Buyers are especially looking for larger properties with gardens and are still able to take advantage of very attractive mortgage offerings.”

With house prices still rising, it is encouraging for those with a CeMAP mortgage advisor qualification that there still are factors in favour of buyers.


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