A word from our mortgage adviser Rachael Smith

I thought I would share some interesting facts below from a recent Rightmove Report:

Busiest month for ten years as home-buying supersedes summer holidays
Rulebook rewritten as post-lockdown mini-boom accelerates and home-moving fills the holiday void
Highest number of sales agreed in a month since we started tracking this data over ten years ago, up by 20% on the previous high, and with a record total value of over £37 billion
Highest number of properties coming to market in a month since March 2008 as more movers join in
Latest weekly sales agreed figure up by 60% compared to the same week in 2019 as buyers ignore the usual summer holiday slowdown
Unseasonal record high for new seller asking prices in seven regions, but London drags down the national average to a 0.2% fall due to its own more typical 2.0% seasonal monthly drop. The out-of-city exodus drives prices in places like Devon and Cornwall to new records
Record levels of buyer activity lead to processing delays and mean that patience is required to get sales agreed to completion

For all your residential and commercial mortgage requirements please contact Rachael on 01485 541998

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