As the new-build sector runs into the summer season, gracefully hurdling over a surprise general election as it does so, it continues to demonstrate resolute progress. However, we still have several challenges ahead of us.
The daily news briefings on the Brexit negotiations will be with us for at least two more years, and at times may carry headlines to worry would-be purchasers. As mortgage advisers, we should clearly lay out to customers their choices, the costs and our solutions to whatever concerns they may have.
UK house prices are beginning to ease off in their rate of monthly increase, down to 2.6 per cent in April, according to Nationwide’s House Price Index. Meanwhile, mortgage rates have become even more competitive, as lenders take each other on in their aggressive marketing campaigns.
There are no signs yet that the new-build sector will not maintain its upward curve of the past four years. Indeed, the government initiative that launched in 2013 under the banner ‘Help to Buy Equity Loan scheme’ has been a notable success story.
