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Mortgage surge shows North West housing market strengthening

Now is a good time to buy, according to one local expert

Mortgage approvals for home buyers in the UK are improving, with one local mortgage expert suggesting now is a good time to buy.

Latest figures from the Bank of England show an 8.2% rise in the six months to August 2015. The number of loan approvals for house purchases was 71,030 in August, up from an average of 65,594 over the previous six months while approvals for re-mortgaging increased by 14.2%.

New homes mortgage specialist Andrew Mannion of RSC New Homes, says: “This report for August is brilliant news for first time buyers and brings a positive outlook to the rest of 2015. House purchase lending has been growing steadily month on month which indicates that housing market activity is on the up.”

RSC New Homes, based in Cheshire, specialise in new build mortgages and work closely with new home builders in the area.

Andrew also says now is a good time to consider using Help to Buy, with the market conditions perfect for the schemes.

He says: “It has never been a better time to think about Help to Buy, with interest rates on the scheme lower than they have ever been. Many people are surprised at how affordable the scheme is. We work closely with many of the developers in the area and look forward to assisting purchasers under the scheme.”

RSC New Homes will be exhibiting at the Help to Buy Show Cheshire on Saturday 10 October, a free event at Crewe Hall aimed at anyone looking to buy their first home or take the next step up on the property ladder in Cheshire.

Andrew adds: “We are delighted to be attending the Help to Buy Cheshire Show. As a specialist new build mortgage specialist we focus on the help to buy scheme and the majority of our customers purchase a new build property utilising this fantastic government scheme. We will be at the show to assist potential purchasers with any queries they have surrounding the scheme and give them ideas around their affordability and mortgage payments.”

For more information, RSC Homes will be exhibiting at the free Help to Buy Show Cheshire on Saturday 10 October, taking place at Crewe Hall between 10am – 4pm.

This was posted in Bdaily's Members' News section by Amelia Heathman .