Lowest mortgage rates

Lowest mortgage rates for 15 months as inflation drops

Home buyers are benefitting from the lowest average mortgage rates for 15 months, which according to Zoopla is supporting double-digit growth in all key measures of sales market activity. Its latest housing market report reveals that nationally, home buyer demand is 26% higher than a year ago and there are a greater number of buyers in the market also as a result of more homes for sale as many sellers are also buyers looking for a new home. Inflation made a surprise drop to 1.7% last month which is the lowest rate for three and a half years and could pave the way for an interest rate cut decision at the Bank of England’s next monetary committee meeting. Lenders are already cutting rates which is enticing buyers to the market across all price ranges.


Rising sales volumes and modest house price inflation which remains below 1% are positive for the housing market says Zoopla. There are sufficient levels of market activity to keep drawing in new buyers who are prepared to make sensible offers on competitively priced homes. Sellers remain keen to get the best price for their home to unlock their next move, but buyers remain price-sensitive and have a greater choice of homes to buy. While sales prices have firmed, Zoopla found that almost 2 in 5 sales (37%) are agreed at more than 5% below the initial asking price. Nearly a third (32%) of homes for sale on Zoopla are ‘chain-free’ Outside of London, 1 and 2-bed flats are most likely to be chain-free.

 

Our award-winning team look forward to helping you make your move stress-free.

 

Arins Property Services - selling & letting homes in, Lower Earley, Shinfield, Tilehurst, Winnersh, Reading and Wokingham since 2009.

Share:

Other recent news articles:

House prices more than £30,000 higher than this time last year while rents move upwards!

We’ve seen exceptional demand from buyers and tenants alike as summer is in full swing. As we look towards the autumn, we believe prices...

Read more

Prices fall though likely more due to holidays than rate rises

Price of property coming to the market sees first fall this year, down 1.3% in the month to £365,173 (-£4,795): - Prices usually...

Read more

★ ★ ★ ★ ★

We are very happy to have our property managed...

"We are very happy to have our property managed by Arins, and are very pleased with the help we receive from our property manager, Shannon."

View more on allAgents
★ ★ ★ ★ ★

I am delighted to write this review of the...

"I am delighted to write this review of the excellent service and professionalism of the Arins team on the purchase of my new house. I would especially like to thank Chrissie for her brilliance..."

View more on allAgents
★ ★ ★ ★ ★

Selling my house through Estate Agent. ARINS...

"Selling my house through Estate Agent. ARINS was very professional, especially working with Chrissie and Harry. Of course I believe the whole ARINS team are great people. If anyone needs to sell or..."

View more on allAgents
★ ★ ★ ★ ★

We would like to thank Arins for helping us...

"We would like to thank Arins for helping us sell our property. The team made the whole process very smooth and streamlined. They were very prompt in answering my question in a very professional..."

View more on allAgents
★ ★ ★ ★ ★

Arins marketed my late Mothers retirement...

"Arins marketed my late Mothers retirement property and after a handful of viewings it sold. James was great in explaining the process and Chrissy Chitty was wonderful as a sales co ordinator. I..."

View more on allAgents


Register today for property updates
Register

Instant online valuation

60 - second instant online valuation
Get a valuation