Moving Up The Housing Chain: Is Now The Right Time?

Falling house values have meant even more opportunities for people wishing to move up the housing chain. There is also greater choice for competitive loans now there is a new bank available to us all. Metro Bank is based in London but accounts can be had throughout the country and they are advertising housing mortgages at 80% loan to value. This might not be the best offer on the market but it is an encouraging sign all the same.

Growing Confidence Amongst Banks

More confidence in the banking sector would ultimately lead to more cost-effective mortgages becoming available to the public; furthermore, a drop in housing prices might actually boost a market that was scared prices were rising too fast, that mortgages were unavailable and stagnation was inevitable. The extra competition Metro Bank provides is especially welcome due to the merger of several banks and building societies over the past few years.

Positive Retail Sector Hints At Growing Housing Market

A very positive note in the retail sector has also been sounded with sales higher than expected. We hope that this is a reflection of further growth in the economy, which can only benefit the housing market.

In summary, there are definitely house bargains out there with people who have been looking or needing to move home for the past two years growing in confidence; this will help the conveyancing chain to develop. If you need any advice on your next house move, moving up the housing chain or otherwise, be sure to contact us and our friendly team will be happy to help.