Spring is traditionally a busy time in the property market and this year has been no different, if anything it's been busier than ever.
The average UK property price is currently just over £230k which is up 6% on March 2020, and unsurprisingly transactions are now 49% higher than last year.
There's also great news for those looking for help with purchasing a property as the new 95% mortgage scheme has been launched. This means that first time buyers and current homeowners in England will be helped to secure a mortgage with just a 5% deposit under the new government scheme.
In the lettings market tenant demand has also continued to increase, however landlord instructions are ever so slightly decreasing which means demand is continuing to out weigh supply.
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General
This year spring looks set to be busier than ever as the traditionally busy market coincides with the UK easing out of lockdown. As we enter spring the average UK house price is currently sitting at £232,134 which is up 6% on March last year.
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General
First time buyers and current homeowners in England will be helped to secure a mortgage with just a 5% deposit under the new government backed mortgage scheme that has launched this week.
More...