As estate agents, we stay up-to-speed with finance news, as mortgage rates have a huge impact on buying and selling activity. As a rudimentary reminder, the lower the mortgage rate, the cheaper monthly repayments become. We know many home movers have delayed buying a property until mortgage rates eased and that has definitely happened as we start 2024.
When Rightmove decided to compile a list of the top 10 most in-demand features among buyers, it looked at more than 600,000 property listings to establish which aspects led to the highest number of enquiries. Forget a garden or being near a station (they languished at the bottom of the list), the most in-demand feature among purchasers is a renovation project – a home classed as a fixer-upper in need of work.
Keeping up with the latest property and mortgage news can feel like a full-time job, and that’s why our team does the reading and research for you. Something homeowners may have missed is the launch of the Mortgage Charter. It got a very brief mention in the press, so we’ve provided some more details in the shape of this Q&A article.
Moving home is one of the most physically, emotionally and financially challenging milestones in life and very few people decide to relocate on a whim. That was until the pandemic.
Improving a property can be done for a variety of reasons. Some have their eye on a ‘fixer upper’ property that needs work, while others may want to make changes ahead of a sale. Whatever your motivation, it’s good to know how much the work will cost, what’s in fashion and what might tick the boxes of potential buyers. Luckily, the latestRated People Home Improvement Trends report sheds light on all these aspects.
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