House prices across the UK are holding up better than most experts had thought. The latest data is suggesting that after wobbling at the end of last year they have stabilised so far in 2023.
The Halifax index shows a property price increase of just over 1% between January and February. The Bank of England recently raised interest rates from 3.5% to 4% however they tempered this rise with optimism and stated that inflation may have peaked and that the anticipated recession would be short lived and shallower than was previously expected.
Early mortgage market data for January 2023 actually shows that rates decreased by an average of 0.25%. The mortgage market is ever changing and our advisers expect mortgage rates to continue reducing. There are some great opportunities for homeowners and movers to work with our expert mortgage brokers. They will search the ever changing mortgage market for the best deal and tailor this to your specific circumstances.
To book the no obligation meeting with our advisors please contact one of our offices today.
Information relating to mortgage data from the Halifax and the Daily Telegraph.
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