Opportunities for buyers increase as mortgage approvals rise
Figures have shown a steady rise in the number of mortgage approvals from the UK’s major banks over the last six months, which means now is an ideal time for buyers to capitalise on lower house prices.With rising demand for rented accommodation and increasing competitiveness within the lettings market, exiting that market to become a homeowner is now even more appealing.
The rising number of mortgage approvals are a strong signal of future activity in the housing market, which is particularly good news for first-time buyers who have been negotiating the poor market conditions for months, trying to get a foot on the first rung of the ladder.
Ownership brings security and for this reason, will always be sought after. The increase in mortgage approvals will show buyers that despite the downturn, they are able to buy and lenders are willing to lend.
Now is the perfect time to take advantage of low property prices and invest in your future.
Labels: estate agency, estate agent, house prices, housing market, mortgages
posted by blogger @ 10:38
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