HELLO MARCH!! Spring is just around the corner and hopefully will bring with it some sunshine. 2022 has already been incredibly busy for us with lots of people looking to buy their first homes, move house, remortgage and review their protection and life insurance cover. Congratulations to everyone who has recently completed. We hope you are enjoying life in your new homes.
Keep watching this space - we have exciting news coming soon as our team is once again expanding!
MORTGAGE NEWS & UPDATES
RENT RISES AT FASTEST RATE EVER: RIGHTMOVE
Average rent prices increased substantially in the final quarter of last year, hitting 9.9% annual growth outside of London, says Rightmove.
This puts the average rent bill at £1,068 in most of the UK.
In the capital, average rents 10.9% over the same time span, leaving the average rental cost per month at £2,142. This is 3% higher than the start of 2020.
SOURCE - MORTGAGE STRATEGY
March ‘strongest month’ to sell property: Rightmove
Discounting the market closure in early 2020, the firm says that over the last five years, March has seen the highest number of enquiries per property on sale, despite new listings also peaking in March.
And this year is no different, Rightmove adds. It says that, on an annual basis, new listings over the last three weeks are up 11%, buyer demand over the last three week is up 32%, and home valuation requests since the start of the year have risen 27%.
The ‘race for space’ continues in earnest as well – searches for gardens are up 70% over the last two years.
April is the next-strongest month, followed nearly by May.
SOURCE - MORTGAGE STRATEGY
LEARN ABOUT OUR REFERRAL SCHEME
We know there is no higher praise than recommending us to your friends and family. Our referral scheme is our way of saying thank you to our loyal clients. Recommend Stratton Thorpe Mortgage Solutions and receive a £50 Amazon voucher as a thank you.
Find out more about how you can qualify and start referring today.
Homeowners overpayments jump to £335m: Santander
Santander says its mortgage customers have overpaid £335m on their mortgages so far this year – more than £47.5 million a week.
The bank points out that these overpayments, which are 50% higher than the overpayments made in the same period last year, can have “a significant impact” on the interest homeowners pay across the life of their mortgage.
It says a customer currently holding a £200,000 mortgage over a 25-year term could save £877 in interest and become mortgage-free four months earlier with a £10 a month overpayment.
It adds that customers who can afford a £100 regular monthly overpayment will save £7,642 in interest and take more than three years off the life of a £200,000 mortgage.
SOURCE - MORTGAGE STRATEGY
free Life Insurance quote in 60 seconds
We have recently launched our brand-new Life Insurance free online quote service. Through our website, you can now get an instant life insurance quote that is quick, simple and free. Our life insurance calculator can help you work out how much cover you may need to protect your loved ones and keep your home safe should the unexpected happen. Simply enter a few details about your lifestyle and living circumstances to find out how much cover is right for you.
· Quick, simple and FREE
· Get an instant quote in less than 60 seconds
· Easy online quote process to provide you with an idea of costs
· Search and compare quotes for products based on an analysis of a number of insurers
· Find out about the free additional benefits available
CLIENT REVIEWS
Many of our clients come to us through personal recommendation from their friends, family and colleagues. We believe this illustrates our consistent commitment to excellence and personalised service. We’re incredibly proud of our client reviews and 5-star Google status - see here for details and how to leave us a Google Review
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