Prices rise yet mortgage rates fall for Surrey homeowners

Monday, 17th November, 2014

Positivity continues to reign over South East England’s property market following confirmation from the Land Registry that, whilst property prices dipped in parts of England and Wales last month, Surrey and Windsor saw a rise of 1.4% and 1.6% respectively – a 12.5% increase when compared with the same period in 2013.

The findings are announced as many lenders are reducing their rates in order to attract potential applicants before the end of 2014.

Mark Finnegan, Director at Complete Mortgages, a Guildford-based mortgage and insurance brokerage, comments:

“A steady rise in property prices combined with a decrease in many lenders’ rates means that properties throughout Surrey and Windsor represent a sound and more accessible investment. Buying a property often falls down to market conditions and the banks’ willingness to lend, both of which are currently in the favour of homeowners in the South East of England. With rates at their lowest for some time I would advise those on the cusp of applying for a mortgage to start looking at their options now before lenders change their rates or property values rise too sharply to the point whereby any potential gain is cancelled out.”

For more information or to speak with a member of the team contact 01483 238280 or email info@complete-mortgages.co.uk.