What’s next for the property Market? With January out of the way we have a clearer picture of what we can expect this year. What can we expect with mortgage rates, any help to buy on the way? What will happen with house prices? All great questions that we can discuss.
Buyer demand to rise
With interest rates being slashed by the bank of England and mortgage rates seemingly moving the same way we are seeing a lot more interest on parties wanting to move home again. In 2025 buyers are going to see a rise in stamp duty although the increase is minimal it is something to keep in mind when buying your home.
House Prices
It is predicted that house prices will see a 2.5% increase in 2025 ensuring that your capital will increase over the time you have your new home. House prices have been consistently increasing over the last few years with that trend seemingly continuing into 2025.
Help to buy – Own New
For the last few years we have seen Help to Buy end and getting on the property ladder has been harder for a lot of people here at Harrisons we have partnered with a new initiative Own New a simple, hassle-free way to achieve an affordable mortgage.
Lower rates on your repayments on your initial period using the rate reducer model and you still own 100% of your home!
You and read more about the initiative on our website.