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Mortgage Brokers - are you seeing a big jump in buyer enquiries?
steamy
Posts: 17 Forumite
Apparently buyer demand has been 26% higher in the first weeks of 2020 compared to the same periods in 2019 and 2018.
https://www.propertyreporter.co.uk/property/buyer-demand-soars-by-26-as-life-returns-to-the-market.html
https://www.propertyreporter.co.uk/property/buyer-demand-soars-by-26-as-life-returns-to-the-market.html
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Comments
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A mortgage broker I spoke to this morning said business had picked up. She normally expects a lull in January but the opposite has happened.
Must mean we’re due a price correction :rotfl:0 -
We're newbuild specialists and we're always busy in January and February. This year is no different.
It was the same when I worked in EA. People started looking in January to be in by Spring. Those who start looking in Spring will normally have missed out.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
December-Feb are months where I usually spend "planning" which means doing a bit of work and watching box sets or going to the gym.
In January this year I did more applications than the last 3 Januarys combined. 26% Jump seems like an understatement, I would say 200-300% would be more accurate. We have been as busy as we usually are in summer.
Feb is looking like it will carry on.
Putting aside whether you are for or against brexit, I think the certainty of knowing what is happening has helped to get things moving (no pun intended)... Not that it was slow last year but since the election we have been busy.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Interesting.
What I've been wondering about is what Sajid Javid will do in the new budget coming up - especially re stamp duty. But I suppose if there is that much of a boost and things are moving again, such a tactical wouldn't be necessary anymore to help the economy. Oh well ... I dream it'll go, make my purchase more affordable.0 -
But I suppose if there is that much of a boost and things are moving again, such a tactical wouldn't be necessary anymore to help the economy. Oh well ... I dream it'll go, make my purchase more affordable.
Does rising house prices help the economy? If it happens it could be an idicator that people have more money, but I dont think it helps it grow.
Ken Clarke says a Canada type deal could ‘kill off’ UK economy.0 -
Lot`s of similarities in how the two economies are run of course....sevenhills said:But I suppose if there is that much of a boost and things are moving again, such a tactical wouldn't be necessary anymore to help the economy. Oh well ... I dream it'll go, make my purchase more affordable.
Does rising house prices help the economy? If it happens it could be an idicator that people have more money, but I dont think it helps it grow.
Ken Clarke says a Canada type deal could ‘kill off’ UK economy.
https://www.fool.ca/2019/12/23/warning-canadas-housing-market-could-crash-in-2020/
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