Well, the election is looming and we all have to decide between bad, worse or terrible!
The truth is that it will probably make no difference which way we vote as the country is still in more debt than Portsmouth F.C. however there is hope, optimism and success all around us.
Apart from Stevenage borough winning promotion to the football league (congratulations to them) I speak to many business owners from various industries including the property business and most tell me that business is improving. Our business levels suggest that the property market is most definitely on the move.
There will probably never be a better time to move with the Bank of England base rate at just 0.5%, stamp duty now set at £250,000 for first time buyers, increased mortgage availability and house prices on the rise again. Infact we are seeing good houses achieve prices not seen for over 2 years.
Rightmove have just reported a house price increase for March and the Council of Mortgage Lenders have just announced mortgage lending up 11.5 billion against February. There are some great mortgage deals out there now. Good agents will offer free advice and you shouldn’t be paying broker fees in this market so beware of any hidden charges.
We are finding at Homes & Mortgages that because of high sales numbers our stock levels have suffered so we are working hard to generate new instructions to satisfy demand. Similarly our Lettings department is experiencing higher demand than supply and we welcome vendors and landlords alike to call us for their free valuation.
Neil Hall, Homes & Mortgages