Welcome to our February 2022 edition of Spread the Word - the month of Chinese New Year and Valentine’s Day! Read on as we share news of a record number of first-time buyers and house hunters entering the market as well as property price increases.
But first we would like to say a few words about our charities of the year. All three are very close to our hearts. We have personal experiences with each and once again thank them for their continued contribution, support and care.
WELCOME TO THE TEAM mandy!
We are delighted to announce our team is expanding in 2022 as we're joined by esteemed mortgage broker Mandy Beaumont of Fairford Consultants. Covering the Surrey area, Mandy has over 30 years of industry experience and provides professional market knowledge with excellent customer service.
Mandy said, "My approach to financial planning is as individual as your needs. Getting a mortgage can be a challenging and complicated process. That's why you need regular access to expert guidance and support from people you trust and on hand to help every step of the way."
Do you have friends, family and connections in the Surrey area? Please share this with them. Find out more about Mandy and how she can help homeowners and property investors secure mortgage and protection deals.
MORTGAGE NEWS & UPDATES
First-time buyer numbers at 20-year high
The number of people purchasing their first property broke the 400,000 mark last year, analysis from Yorkshire Building Society has suggested.
Its estimates, which are based on data from trade body UK Finance, found that around 408,000 first-time buyers got onto the housing ladder in 2021. That is a substantial 35 per cent increase on the year before, and the highest figure seen in more than two decades, dating back to before the financial crash hit.
What’s more, first-time buyers last year represented around half of all purchases, compared with a little over a third in 2007.
SOURCE - MORTGAGE SOLUTIONS
2022 NEW YEAR RESOLUTIONS
What are your New Year resolutions for 2022? A new home? A new extension? A new kitchen? A new investment property? Whatever your plans, we can help you find a new mortgage to make your resolution a reality.
We can even secure rates for up to six months in advance to protect you against any possible interest rate increases.
We pledge to save you time, money and stress, leaving you to enjoy 2022! Send us a message today for a free no-obligation initial consultation.
House prices jump over 7% in January 2022: Rightmove
The average property price increased by 7.6% on an annual basis in January, shows data from Rightmove. This is the fastest growth rate seen since May 2016, and leaves the average house price at £341,019.
Between December 2021 and this month, house prices ticked up by 0.3%
Rightmove adds that buyer enquiries is up 15% annually while the number of homes available for sale per estate agent branch is at an all-time low of 12.
SOURCE - MORTGAGE STRATEGY
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Agents see record number of house hunters in Dec: Propertymark
There was an average of 461 people looking for a house per estate agent branch in December 2021, says a report from Propertymark.
This, it says, is a record number and a 33% increase on December 2020’s number.
And on the other side of the equation, there were 19 properties per member branch at the same time – the lowest Propertymark has ever recorded.
There was a monthly dip in sales agreed, to 5 versus 7 in November, but this is in line with the five-year average, the report says.
“This could point to a busy January and a perfect time to sell your home if you’ve been thinking about it.”
SOURCE - MORTGAGE STRATEGY
LEARN ABOUT OUR REFERRAL SCHEME
We know there is no higher praise than recommending us to your friends and family. Our referral scheme is our way of saying thank you to our loyal clients. Recommend Stratton Thorpe Mortgage Solutions and receive a £50 Amazon voucher as a thank you.
Find out more about how you can qualify and start referring today.
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