As a Guildford mortgage broker, we always think it’s time for house hunters in need of a mortgage to visit a mortgage broker, for reasons we’ve covered in the past (and that you can read via our news pages).
However, this article touches on a very specific reason to use a mortgage broker – and follows an announcement that homeowners are likely to be very happy with.
Last month, The Guardian published a news story that revealed how the average price of a home coming up for sale has risen almost £10,000 – the largest monthly jump in a decade. Not only that, but it’s the largest jump in the month of January for 25 years!
What does it all mean?
Well, our team of Guildford mortgage advisers predicted that the market would start to move following a November Budget that wasn’t too damaging, a cut to the base rate in December, and the fact that people are growing tired of waiting for ‘better times’ before buying a new home.
That said, we didn’t quite anticipate property prices to increase by 2.8%, which is what the ‘almost £10,000’ figure (it’s actually £9,893) relates to.
However, what it does mean is that the market is bouncing back, seller confidence is high and that people’s appetites for moving have increased.
And that means that the next few months are likely to be exceptionally busy.
Getting a mortgage in 2026
Regardless of what the rise in property values means for you (and it’s worth noting that it’s less likely to be well-received by those applying for a first-time buyer mortgage), the fact is that prices are rising and the property market is about to get a much-needed jolt, which is generally regarded as an upside.
The downside, however, is that there is likely to be a deluge of mortgage applicants, possibly making it more competitive for those looking to get everything in place early this year.
January was a busy month for mortgage enquiries (the first two weeks after Christmas were manic), but national news covering how property values are on the up – and how the market is on the move – is only going to exacerbate this.
So, if you need a mortgage and are curious as to what the best mortgage rates in the UK are right now, we would suggest that you get in touch today.
Whether you’re a first-time buyer looking to get a foot on the property ladder, someone who’s looking to downsize or a seasoned buy-to-let investor, we can access some of the best UK mortgage deals available right now.
Contact our team of Surrey mortgage brokers on 01483 238280 or by e-mailing info@complete-mortgages.co.uk to arrange an initial consultation.
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