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Take a look at recent reviews from more satisfied clients ive helped with their mortgage needs from Newcastle , Wallsend ,Cramlington and surrounding North Tyneside

I am dedicated in giving you the best service possible when it comes to your next mortgage.

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https://www.vouchedfor.co.uk/mortgage-advisor/wallsend/28942-sonny-gill

bad news for homebuyers

http://news.sky.com/story/house-prices-look-set-to-rise-faster-than-wages-10908100

 

House prices ‘look set to rise faster than wages’ House prices look set to rise faster than wages despite weak transaction levels, according to property surveyors.
The Royal Institution of Chartered Surveyors (RICS) said the overwhelming majority of its members expected prices to rise across Britain by around 3.5% each year during the next five years, despite signs that the market has become more subdued recently.
“Perhaps the most ominous signal emanating from the data… is that contributors still expect house prices to increase at a faster pace than wages over the medium term despite the difficulty many first time buyers are clearly having in taking their first steps onto the property ladder,” RICS chief economist Simon Rubinsohn said.
RICS said demand, new instructions and sales all fell in May, with price growth easing too.
Fewer homes were put up for sale and the average number of properties on estate agents’ books was just 43, it said.
Surveyors reported the biggest slide in listings since the wake of the Brexit vote last year.
RICS said a “sheer lack of supply continues to support prices for the time being”.

Not great news for first time buyers but encouraging for people who currently own their own home and may want to remortgage.

I was looking yesterday at house prices in england and unconfortably the slowest growth out of all arears is the north east

 

Fixed rate mortgages fall to even lower levels

http://www.independent.co.uk/money/fixed-rate-mortgages-fall-to-even-lower-levels-a6839056.html

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One benefit of continuing low interest rates is that fixed mortgage deals are still falling, with an average two year fixed rate for those with a 10 per cent deposit now at 3.06 per cent, down from 3.84 per cent a year ago.

In the last four years, the rates charged by lenders have dramatically lowered. In 2012 someone with 40 per cent equity, for instance, would have been charged 4.05 per cent for a two year fix: now the same deal is less than half at just 1.99 per cent.

But Charlotte Nelson of Moneyfacts, warned: “It is still a question of when the Bank of England will raise interest rates rather than if, so borrowers need to take advantage of current low mortgage rates before they disappear.”

Low rates are good news for potential borrowers and homeowners and it’s worth bearing in mind  that the figures are averages so those who shop around could achieve even greater deals.

“However, since the credit crunch, regulation changes and lender policy contractions, many borrowers can’t access the best rates so it could make sense to get expert help,” said Mark Harris, chief executive of mortgage broker SPF Private Clients.

Meanwhile, anyone grabbing a low rate should use the saving to overpay their mortgage to decrease the term, advised Charlotte Nelson. “After taking advantage of the cheap rates on offer, borrowers should consider using the money saved to make overpayments on their mortgage. Most deals offer this option, and by paying an extra £100 a month on top of their normal mortgage repayments, borrowers could shave three years off their mortgage term.”

House Prices UK

UK house prices:growth in the East and South East outpaces London as the North-South property gap widens

2016 Annual price inflation is 3.2 per cent in the North East, 5.2 per cent in the North West and 5.1 per cent in Yorkshire,” says Richard Snook, senior economist at PwC.

properties for sale, shows a steady start to 2017’s housing market, with annual growth in the East and South East regions of England significantly outpacing London and the South West.

 

http://www.homesandproperty.co.uk/property-news/uk-house-prices-growth-in-the-east-and-south-east-outpaces-london-as-the-northsouth-property-gap-a107366.html

networking at border minstrel FSB

A big thank you to michael mcmeekin at the FSB network event this morning at Gosforth race course.

Met some great people and always a great event to attend.

 

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