• Mortgage Tree

A great time to buy


The current housing market may be far from ideal for sellers, but it’s a great place to be for buyers.


House prices are continuing to languish in the doldrums in most parts of the country other than London and the South East and they are still falling in areas such as the North West, Yorkshire and Humberside.


With the recent news that the UKs credit rating has been downgraded and a warning that economic growth will remain ‘sluggish’ throughout the year ahead, there is nothing on the horizon to suggest that house prices are suddenly going to pick up once again. On the contrary, a number of industry commentators believe there is still room for further prices falls before they finally bottom-out.


However, every cloud has a silver lining and the winners in today’s housing market are buyers; either individuals looking to get a foot on the housing ladder or investors wanting to add to their existing property portfolios.


The only fly in the ointment is the availability of finance.


For some, such as first time buyers, the lack of a deposit has been a stumbling block. For property investors, maximum LTVs of 75% and tougher criteria have held them back.

The good news is that these issues are now starting to be addressed, as the market adapts to the ‘new norm’.


Lower property prices are generally regarded as bad news but there are always winners and losers. At the moment buyers are definitely on the winning side.

Stay Connected...

Home

Mortgage Calculator

Mortgage Tree - Mortgage Advisors York - Services & Standards

Mortgage Tree offers a nationwide mortgage broking service from our base near York, North Yorkshire. We specialise in mortgages and insurance. Whether you are a first time buyer or you are a buy to let investor with multiple properties, Mortgage Tree will ensure that you get the best products available.

We are a Whole Of Market broker which means that we will choose the best, most suitable mortgage for you from the hundreds available on the UK mortgage market. Our network also gets special discounted deals from lenders available only to our network.

We also provide insurance cover that will give you & your loved ones a blanket of protection that is so vital. We will endeavour to give you the best service that we can at all times.

Mortgage Tree is an appointed representative of Julian Harris Mortgages ltd which is authorised and regulated by the Financial Conduct Authority. Our FCA no. 304155

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BUY TO LET (PURE) AND COMMERCIAL MORTGAGES ARE NOT REGULATED BY THE FCA.

Legal 

© 2020 Mortgage Tree | Built by Elle Nelson Design