House prices have shown their biggest rise in three months, meaning there`s even more reason for you to look for the most suitable mortgage for you so that you don`t end up paying over the odds.
Halifax indicates that property increased in price by 1.1 per cent in January, more than making up for the 0.5 per cent drop in the final month of 2013. The quarter to January showed 7.3 per cent growth on the same period 12 months previously, roughly similar to the previous two readings.
The lender notes that the government`s Help to Buy scheme has helped to increase the amount of buyers, which has an effect on asking prices. Lower unemployment and a better economic outlook have also helped, although supply not keeping up with demand could prove to be a concern.
It`s long been a problem with the UK that people want property at a quicker rate than they`re being built, and if that remains the case, prices will continue to increase, which may make them less affordable to would-be buyers.
That`s why finding the most suitable mortgage for your circumstances is only going to be more and more important when you decide to buy. At First Choice Finance we have a panel of lenders to suit many scenarios and any quotations are provided without obligation.
Once you give us your aims we will scour our panel for the most suitable deal for you, whether you have a good or impaired credit profile. To make an enquiry visit firstchoicefinance.co.uk or call us on a mobile at 0333 003 1505, or from a landline on 0800 298 3000.
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