downArrow

The latest delay isn’t long enough for some and short enough for others, but for the UK property market the unwelcoming drama playing out in Westminster is becoming less and less relevant.
With both the Global Financial Crisis and Brexit, many prospective buyers and sellers are accustomed to all the Chaos and are getting on with their lives.
Whether or not this new delay gives Parliament enough time to come to a sensible rather than rushed solution remains to be seen, but it’s likely to trigger a bounce in transaction levels and strengthening in house prices.
Over the past month or two, we’ve seen a pickup in activity levels. More and more buyers are realising that the current market volatility is their trump card and they are playing it accordingly.
Right now, with the correct negotiation, property can be acquired at a discount, and with the extremely competitive mortgage rates still available it’s no surprise people are increasingly encouraged to buy.
Mortgage rates from lenders are subject to the usual competitive rates and the main headline rates have reduced a bit. For standard residential mortgages, borrowers can obtain 2-year fixes at 1.43%, (3.82% APRC) and 5-year fixes from 1.79%, (3.79% APRC) whilst variable tracker rates are around from 1.38%, (3.80% APRC).
Those looking at Buy-To-Let can still obtain products from just 1.39%, (4.27% APRC) for a 2-year tracker or 5-year fixes are available from 2.04% (4.05% APRC).

Nova News

Property vs Pension
Property vs Pension
by Saeid Ansari
read more
Buy-To-Let Investment: Back to Basics
Buy-To-Let Investment: Back to Basics
by Jordan Maxwell
read more
Employment Rates and Property Prices in Birmingham
Employment Rates and Property Prices in Birmingham
by Saeid Ansari
read more
Is your Life Insurance Cover the Best Value for your Money?
Is your Life Insurance Cover the Best Value for your Money?
by Minesh Nandha
read more
Is Cash Really King?
Is Cash Really King?
by Jordan Maxwell
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top