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Brexit success for Brit home-owners as prices remain stable and mortgages are cheaper than ever


10-06-2016

ROOM BOOM

There are now 5,366 mortgages up for grabs - up from 4,736 in June - and first-time buyers have lots more options

HOME-owners are enjoying a Brexit boom with house prices stable and mortgages cheaper than ever.

First-time buyers have a wider range of deals on offer with interest rates at their lowest in years.

Sign on the line . . . mortgages are cheaper than ever
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Sign on the line . . . mortgages are cheaper than ever

There are now 5,366 mortgages up for grabs – up from 4,736 in June.

And the average rate has fallen from 2.99 per cent to 2.85 per cent over the same period, according to an analysis by consumer champion Which?

Despite gloomy forecasts, house prices have remained stable, with the average value rising from £211,231 to £215,008 since June.

 

Housing Market As U.K. Asking Prices Rose An Annual 7.4 Percent in December
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Brexit boom . . . Which?
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Brexit boom . . . Which? Advisers celebrate success for house-hunters

David Blake, of Which? Mortgage Advisers, said: “Lower interest rates and an increase in the number of mortgages on the market is excellent news for house-hunters.

“In a complex property market, it’s important to get yourself into the best possible position before applying for a mortgage.

“Seeking independent advice from a reputable mortgage adviser can help with this and ensure you get the best possible deal.”

www.thesun.co.uk/

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