Overview
Getting a mortgage can be one of the biggest financial decisions you will ever make in your life. Here is a guide where we give you some top tips to help prepare you for a mortgage and the best way you can take a step further to a mortgage offer.
However, there are some risks that can prevent you from being approved of a mortgage offer. This can be due criminal records, No credit score or poor credit score or not enough deposit.
UK Half year report 2023
Overview
We are very excited to announce the new addition to our growing team at red squirrel!
Key Points to mention
Property Price drop in the last six months to adjust higher mortgage rates & rise of living costs
In the last 6 months there has been a drop of 1.3% of Zoopla price index, this is mainly due to the increased mortgage rates. However, demand has recovered recently reducing the decline.
The annual rate of price inflation is 1.9%, down from 9.6% a year ago.
We would expect prices to remain relatively similar for the rest of the year, with mortgage rates stabilising and demand showing promise. However, with the higher-than expected inflation rise, it is likely interest rates may rise, if they do this will of course have a knock-on effect to mortgages, then onto property prices.
Newport Office, 11b Holyrood House, St Thomas Square, Newport, PO30 1SN
Tel: 01983 521212 (opt 1) | Email: enquiries@redsquirrelpropertyshop.co.uk
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