LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Many homeowners becoming a 'mortgage prisoner' in their own homes.

Many homeowners becoming a ‘mortgage prisoner’ in their own homes.

Latest figures from Nationwide suggest that house prices rose by an average of 0.1% in November. This is in contrast to the average monthly rent rose by 3.5% (to a national average of £749).

This comes at a time when the average property value in the UK sits at just under £300,000 according to Rightmove. This has caused issues for many would-be homeowners and those that are looking to re-mortgage. The Financial Ombudsmen has commented on homeowners becoming 'mortgage prisoners',  with interest only mortgages in the situation where they are unable to pay off their loan.