Mortgage Approvals for Buying Increase Dramatically

Mortgage approvals for those buying houses have hit the highest level since January 2018. This is according to The Times.

Bank of England data shows that in October banks approved 67,086 home loans. This is up 2% on a monthly basis.

Previously remortgage levels had dominated the market but these remained fairly flat at 49,399. This highlights the fact that more first time buyers are also looking for properties.

How does this affect those looking to sell?

Despite uncertainty with Breixt, these figures show that property purchases remain fairly unaffected. If you were waiting on Brexit to put your house on the market then there may now be no reason to wait at all.

Along with mortgage deals going up, Rightmove also report that property sales agreed are also up by 1%. People are still looking to buy and deals are still going through.

In addition to this, house prices in Nottingham are also up 3.7% on this time last year.

Find out how much your property is worth and how quickly you can sell

Interested in knowing the facts about selling before the end of 2018? Call us now on 0115 924 3304 or use the form below to ask any questions.

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We also have an instant valuation tool to find out how much your property is worth.

Up to date Nottingham Property Prices

Up to date Nottingham property prices – How do they compare?

Nottingham property prices have risen well over the last 12 months and they continue to grow.

The average Nottingham property price now is £149,800; up 0.4% in the last month and up 1.8% in the last 3 months. Property prices are up 5.1% in the last year. (Hometrack, June 2018 figures).

According to Rightmove, the number of properties coming to market is also up by 8.6% compared to the same month last year. This shows more home owners are confident in the housing market and are ready to sell. Miles Shipside, Rightmove Director, says ‘most regions in the middle and north of Britain have brisk market conditions where buyers eagerly soak up extra supply of suitable property coming to market, and where there is enough momentum to support an increase in prices’.

East Midlands Property Prices

The average property price in the East Midlands is up 1.5% on the previous month, now at £226,310. Compared to the previous year, East Midlands property prices are up 4.8%. Many other areas around the country are seeing a slight drop in prices and Nottingham could soon follow suit. Watch this space to find out.

The East Midlands is still seeing quick property sales at an average of 51 days, only beaten in England by the West Midlands at 46 days.

Mortgage Payment Increases

If you haven’t already heard, the Bank of England raised their base interest rate earlier this month from 0.5% to 0.75%. Several banks have already raised mortgage repayments for those on tracker or variable rate mortgages. If you are within 6 months of coming to the end of your current mortgage deal then we would certainly recommend looking at a fixed mortgage deal. This means your repayments will stay the same despite any further increases. You can find out more about this here. Talk to us today by using the form below, or calling 0115 9243304.

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A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Think carefully before securing other debts against your home.

Selling Nottingham Property

At Walton & Allen Estate Agents Nottingham, we are determined to get the best price possible for your property in as quick a time as possible. This is why we value property at the correct market rate, to ensure stock isn’t sitting on the market for months without any interest.

Considering selling your property? Figures show now is a great time to sell. Talk to us today about how we can help you. Call 0115 9243304 or use the form below.

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Estate Agents Beeston – Property for sale

Estate Agents Beeston

Walton & Allen estate agents Beeston have recently been selling property around the Beeston and Bramcote areas with great success.

Did you know? Walton & Allen have been voted as one of the top 3 estate agents in Nottingham by ThreeBestRated. Find out how we can sell your house here.

Beeston Property

Beeston is an extremely sought after area when it comes to buying property, particularly for first time buyers. There is a wide range of property available, all at varied prices. The most popular properties for sale in Beeston in the last year were semi-detached houses.

Recently we sold a property in Bramcote on Ewe Lamb Lane. This had 84 viewings and 7 offers, proving just how popular the area can be!

estate agents beeston bramcote

We also just sold a terrace house on Derby Road, very close to Beeston and Bramcote village. This had 8 viewings and sold within 14 days of coming to market! View a 360 tour of this house below. Ensure you watch through the YouTube app if you’re reading this post on mobile.

About Beeston, Nottingham

Beeston as a whole has had approximately 106 completed sales in the last 12 months according to Zoopla. House prices are also on the up by 4% over the last year and up 17% since 2007. The average sale price can vary from £59,950 up to £1.25million, with property prices increasing further in nearby Beeston Fields.

With great links to the QMC hospital and Derby, plus the A52, M1 and tram links, there is so much to offer for those living in the area.

Beeston Property Valuations

If you’re looking to sell your property in Beeston or Bramcote, use the below form. We provide free property valuations in Beeston, as well as property sales, lettings and Beeston mortgage advice.

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Mortgage Advice Beeston

Walton & Allen estate agents also offer initial free, independent mortgage advice. This will help you choose the best lender and hopefully the best deal for you, depending on your financial circumstances. Use the form below to book an appointment with our mortgage advisor, or to request some advice over the phone.

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Estate Agents Mapperley Park – Property sold in your area

Estate Agents Mapperley Park

Walton & Allen are estate agents in Mapperley Park and the surrounding areas of Nottingham, providing sales, lettings and mortgage advice.

Interested in which property has recently sold in Mapperley Park? Estate Agents Walton & Allen have had great success with property in high demand.

You can also receive a Mapperley Park property valuation with our local experts. Find out how much your house is worth.

Cyprus Road, Mapperley Park

Recently sold with 27 viewings and 4 offers. A great success story which was also let by Walton & Allen some months before. The home is full of character and is within the catchment area of Carrington Primary School. Have a look at our virtual video tour. Please be aware that if you are on your mobile you will need to watch in the YouTube app.

Lucknow Avenue, Mapperley Park

This property is a stand out detached house in Mapperley Park. Advertised for £600,000, the property sold in just 9 days! This of course highlights the high demand for houses in Mapperley Park. Situated in the former grounds of Mapperley Hall, this property still features the old formal gardens. It also has four double bedrooms and three reception rooms.

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Mapperley Road

Again, a Mapperley Park property with a lot of character! This is a spacious detached bungalow with fantastic rear gardens. This property had 23 viewings, 2 offers and sold within 18 days! The bungalow also sold above asking price!

mapperley road estate agents

Mapperley Park is currently showing as having 40 properties sold subject to contract. Zoopla also states that 72 house sales were completed in the last 12 months.

The average sale price for a detached house is currently £408,625.

Mapperley Park Property Valuations

How much is your house worth in Mapperley Park? We offer free property valuations in this area and the surrounding areas of Nottingham. Submit your details below to find out the value of your home.

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Mapperley Park Mortgages

Do you need mortgage advice in the Mapperley Park area? Walton & Allen have helped many clients either living in this area or who are looking to buy. To compare the mortgage market and find one of the best deals for you, submit your details. One of our mortgage advisers will be in touch.

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