The ongoing cost of living crisis and associated rises in mortgage rates have put considerable pressures on many people looking to purchase a property this year. This was further compounded by mortgage lenders reducing the range of products on the market.
It is widely reported that the Bank of England are likely to raise interest rates a little more in the next month, but nevertheless there are some reasons to be optimistic. The market has recently shown signs of stabilising, with lenders offering a wider choice of mortgages. Further, in some cases, mortgage rates have dropped. This will stimulate the market and open up opportunities for more people to purchase a property.
There has naturally been a downturn in property prices and we believe that using our negotiation service is of increased importance as it is crucial to know the real value of your chosen property, and in most cases there is scope for significant savings on current asking prices. We are determined that you don’t overpay and we will use our experience and try our utmost to get you a much needed great deal, at a time of continued economic hardship and uncertainty.
We thrive on representing you and passionately negotiating on your behalf. Please put your trust in us and instruct Wilton Blue today.
