UK housing market activity sees ‘gentle rise’

UK housing market activity sees ‘Gentle Rise’

Mortgage experts are predicting a “gentle recovery” in activity in the UK housing market as new figures show lending rose slightly.
Gross mortgage lending rose by 2% in May compared with April to £16.2bn, according to the Council of Mortgage Lenders (CML).
This, and economic indicators, signalled a “limited” increase in activity in the coming months, it said.
However, it pointed out that lending was 3% lower than in May last year.
Mortgage rates are currently at very low levels as lenders aim to entice buyers to enter the market.
But brokers say there remains a shortage of properties being put on the market.
“The gap between what people earn and what they can afford to buy continues to be an issue. There is little incentive to sell when there is a lack of choice as to what to buy,” said Jonathan Harris, director of mortgage broker Anderson Harris.

_83089767_u7npbr23

This is why we at Four Corners Properties can help you to gain more money from your property by improving your home. Extensions, Loft Improvements, General Maintenance, etc., are keys to keep and get more for less. Let us help you and call us to guide you in what can you do to get more.

Source:BBC News

Tags: , , ,

Comments are closed.