News: November 2017

SALES NEWS: Housing market bolstered by more buyers seeking mortgages

23/11/17

The housing market may be slowing as Christmas approaches but 2017 overall looks like being an improvement on last year in terms of mortgage availability. New figures show that in 2017: – Mortgages for existing owners moving house were up 3% on 2016 – Loans to first time buyers rose 1% – the data is from UK Finance, representing 90% of lenders. UK Finance also reports that…

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New figures show enduring appeal of buy to let investment

23/11/17

A record number of ‘amateur investors’ are remortgaging their main properties to allow them to purchase buy to let flats and houses. Figures from a national estate agency chain show that: – a record 65% of UK buy to let sales in the past year have been cash purchases; – this is a third higher than 10 years ago; – in the south west the percentage is…

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East of Exe agrees purchase of Partridges Estate Agent in Exminster

16/11/17

East of Exe have announced a friendly takeover of the leading Estate Agent west of the river through the acquisition of Partridges Estate Agents.  Based in Exminster for over 20 years the company has been the leading agency in the area for both sales and lettings and represents a significant step for East of Exe in its rapid growth from when it was started by Chris Taylor…

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