Figures from August show UK mortgage borrowing increased by the largest amount since the economic crash and should be taken as another sign that the housing market is heating up.
According to the Financial Times mortgage lending rose £3.4bn. The amount of new mortgage approvals for house purchases have reached an 18-month high of 71,000, according to figures released last Tuesday by the Bank of England.
Approvals for mortgaging also rose in August from the previous month as home owners sought to lock in current low interest rates deals.
Expert analysts are constantly warning that a shortage of supply on the market has been driving up values, especially in the London and Greater London Area.
With this in mind, if you are thinking of selling now is the perfect time to come to market before the Christmas market hits and buyers slow down. If you are about to come to market or already selling and you are without a buyer, call us to find out more about these findings and how our results back this information.
Sam Kamali | Diretor of Residential Sales
0208 396 6717 (option 1) | firstname.lastname@example.org