The housing market is showing promising signs of growth, as key uncertainties have been addressed, paving the way for increased home-mover confidence. According to Tim Bannister, Rightmove’s director of property science, “Three major uncertainties hanging over the property market at the start of the year were when the first interest rate cut would be, and the timing and the result of the general election. We’ve now got the political certainty of a new government with a large majority, which we expect will help home-mover confidence.”
This newfound political stability is coupled with encouraging trends in mortgage rates. After months of speculation, mortgage rates are gradually decreasing. Market analysts are anticipating an interest rate reduction at the next Bank of England meeting, which is expected to occur in August or September. This reduction is likely to drive rates even lower.
At Skipton Properties, we are committed to helping you in the current interest rate environment. Our tailored incentives should exceed any extra mortgage payments you may pay, you could also take advantage of Own New, which secures a much lower rate for a fixed term of two years. We’ve always believed in our homes and the quality specification we include so these incentives won’t be available indefinitely, so is now the perfect time to explore your options for buying a new build home?
Looking for a home in Skipton, North Yorkshire and have a home to sell? Talk to us about part exchange offer at The Alders in Skipton, designed to make your move as smooth and stress-free as possible.
Don’t miss out on the chance to secure your dream home during this opportune moment. Contact us today to learn more about our available properties and exclusive offers.
Bolton Gardens – Silsden
Croft Mill – Foulridge
The Alders – Skipton
