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A year on from the infamous mini-budget, are you worried about selling in 2023? If you are, it's understandable with all the uncertainty created in the mainstream media. As of mid-September 2023, the current data suggests that national property prices will fall 5%; however, and this is important, they will still be 16% higher than pre-pandemic prices. Transaction numbers are on course to be 10% lower than in 2019. So far, in 2023 in Sutton Coldfield, 2643 new instructions have been put up ...

Many homeowners may not be aware of the possibility to transfer their existing mortgage arrangement to a new property. This option could potentially help you avoid incurring early repayment charges associated with ending your current deal prematurely. It's important to note that not all mortgage agreements are transferable to a new property, and there's a chance that you may no longer meet the eligibility criteria set by the mortgage lender. If you are a current homeowner planning to relocate ...

We found the market in August to be much better than expected. This was partly due to the number of buyers who delayed making a commitment in June and July due to the Bank of England increasing the base rate, which once again created uncertainty coming back and committing to a move. Locally, we are finding that the market is finely balanced between a sellers and a buyer’s market. Some properties receive a great deal of interest from the outset, while others receive interest over a much mor...

This is a question many borrowers are asking at the moment. Despite the base rate increasing to 5.25% recently and the highest it has been since 2008, several lenders have decreased their fixed rates since and are continuing to do so. Firstly, let's clear up a common misunderstanding. Mortgage rates and the base rate are not directly linked. Mortgage rates are determined by many factors. Various factors can influence mortgage rates, and they don't always move in lockstep w...

There are many ways we can help clients in these uncertain times. To put it simply, it's not just about obtaining business. Sometimes we merely offer advice and reassurance. This week Fleur met with a client who had submitted a mortgage application with another mortgage broker, but two months later, they still hadn't received a mortgage offer. The client was under pressure to sort this problem out because they were buying a property. Fleur submitted an application on their behalf, and just t...