Rightmove reports an increase in market activity

Just days after Zoopla reported an 18.6% increase, Rightmove also reports that search activity is up 20% and inquiries up 11% on this time a year ago through the Rightmove website. They also report buoyancy in certain areas of the country, stating that the current market and enquiry levels is a good ‘spring board’ for 2013.

Rightmove figures show the average amount of instructions per agency branch has reduced to 71 instructions from 75, but has not reported on whether this is due to an increase in sales or less new instructions.

The research is consistent with enquiry levels at Harvey Bowes with mortgage enquiries.

Although the Funding for Lending Scheme has received mixed reviews within the industry, there is no doubt that this has had a positive result with lenders such as Kensington re-launching their Buy To Let mortgage proposition and also opening criteria to make their mortgages available to more borrowers. We’ve also seen the deal rates offered by lenders, particularly at higher loan to values being reduced and a definite message coming from lenders that there is money to lend for the right proposal.

If your mortgage is currently due for a review, or you are looking to purchase a home, contact Harvey Bowes today for sound advice: 029 2115 6918

Your home is at risk if you do not keep up repayments on your mortgage

About harveybowes
Mortgage Broker and founding Director of Harvey Bowes Limited. A mortgage broking practice with bases in Cardiff & Poole, UK. We take a fresh and positive approach to mortgage broking which pays dividends for both our clients and frankly, ourselves. The team at Harvey Bowes are expert advisors in all aspects of mortgages from residential to commercial and buy to let.

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