House prices cut in an attempt to entice buyers over winter period

November 22, 2014 by Brendan

House Prices

Traditionally, as we enter the winter season, the housing market becomes quieter. Property website Rightmove has reported that asking prices have fallen by 1.7% up to the middle of November, which indicates the market is slowing down, and that those looking to sell are reducing their asking price in a bid to attract a buyer that will secure their sale over winter.

Areas outside of London have revealed the largest reductions, yet this traditional winter decline is actually the lowest it is has been for the last five years.

According to Rightmove’s Miles Shipside:

“Selling is more difficult than it was earlier in the year, though the mini-boom experienced by much of the country has hit the pause rather than the stop button.”

He went on to elaborate that the demand for houses remained strong, and that the stalling had occurred partly due to a couple of factors. Higher prices have stretched the affordability of borrowers, along with the tighter regulation enforced following the Mortgage https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpget Review in April of this year.

This news means that as a mortgage advisor, you would still be kept busy in the run up to Christmas. As a professional who is appropriately qualified, once you have completed your CeMAP training and gained the required accreditation, there will always be those who require your advice. After a price has been negotiated and agreed, as a mortgage advisor it would be your job to help customers to identify a mortgage solution.