SALES NEWS: Mortgage market improves as lenders cut rates to woo more buyers


The amount of money lent as mortgages last year across the whole of the UK hit £246 billion – that’s 12 per cent higher than in 2015, and the largest total for the past 10 years.

In another sign that the housing market remains strong despite economic and political uncertainties, a spokesman for the Council of Mortgage Lenders says: “Approvals for house purchase have recovered strongly. The current availability of mortgage credit is benign, and the real issue continues to be a dearth of properties on the market.”

This shortage of stock is likely to cause a modest increase in prices throughout 2017 unless more homes are built or existing owners decide to sell to take advantage of the improving market, he adds.

Since mid-January three major mortgage lenders – HSBC, Barclays and Aldermore – have launched new products, all with cheaper rates and aimed at mainstream borrowers.

Free Instant Valuation

Are you thinking of selling, or just looking to know how much your property is worth? Try our new online valuation tool, it only takes seconds.

Click here


Big changes are afoot in Exminster following the acquisition of Partridge Estate Agents.

Click for more details

Find out more about our region

By limiting our market to properties in Exeter & the surrounding towns and villages, we don't stretch ourselves too thinly and can offer our customers genuine insider knowledge of the local property scene.

Download guide

What Our Clients Say About Us

Click below to see some recent testimonials.

Click here

Guide to moving home

If you've not moved before or just want to check on some recommended suppliers to help your move go smoothly then have a look at our online magazine.

Click here