Wed 15 Feb 2017
Mortgage lending to First time buyers increased in 2016 to a new high since 1974. That's nearly 13% more than in 2015. Lenders lent over 53 billion to first time buyers last year, whilst remortgaging jumped by 20% according to the CML (The Council of Mortgage Lenders).
This rise in activity has been attributed to continuing low mortgage interest rates.
On the flip side of the coin, lending to existing homeowners trading up and down fell by 2%. This is thought to be down in the main to a shortage of stock coming to the market.
"Hello Simon and Kathy, I would like to put on record how really helpful I have found Ware & Company over the past 40 months since I moved to Taunton in 2013. Initially, as you know, I rented a property in Taunton via your agency, where I found the staff the most helpful and understanding estate agency people in town. This refers to both the personal time and assistance given whilst renting and also the professional service supplied when I decided to purchase my own house in Taunton. The help that I received both with my new purchase and with the re-letting of the rented property was outstanding. Further, I found Ware & Company were the most productive agency in the selling of my recently purchased property when I decided to move again. You were able to organize more viewings of my property than any other agency. Finally, when my property was sold, by Ware and Company, you even helped negotiate the purchase of my next house, as I was out of the country at the time and unable to deal with matters myself. Very well done and many, many thanks, "