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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An update from our Mortgage & Protection Adviser

Mortgage lenders have been working hard to get to grips with the current pandemic. There has been a lot of positive movement in the mortgage market that we want to share with you. Loan to value limits are now starting to increase again meaning lenders are now lending more money based on the value of your property. This is great news for anybody looking to borrow some extra money on their mortgage, remortgage their property as their rate is coming to an end within the next 6 months, or looking to buy a house with a smaller deposit. Automated valuations are now becoming easier. This is where a valuation is completed from the computer rather then having to visit the property. This is pushing applications through a lot quicker. Not only are these being completed more frequently but they are also being carried out on higher loan to value mortgages. More Buy to Let products are now coming back to the market. This is great for any landlords looking to increase their property portfolio

Welcome Rachael Smith

We are extremely pleased to welcome Rachael Smith our new Mortgage & Protection Adviser to Allen Tomas & Co. Rachael began her career in financial services in 2011 and has worked within a large Bank, Building Society and a network of successful UK Estate Agents. Her roles have included banking, management, coaching and a fully qualified Mortgage & Protection Adviser. Rachael, not only has a wealth of knowledge within mortgages but also in the property and estate agency sectors. She is passionate about providing her clients with the best independent advice by offering her services in buying and selling property, commercial loans, residential mortgages such as re-mortgaging, bridging loans, buy to let, self-build, development finance and advising on financial protection for her clients and their families. In her spare time Rachael loves long walks with her partner and cocker spaniel Milo and enjoys socialising with friends and family.

ATFM

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