SALES NEWS: Repossessions and arrears down but market prepares for rate rise


The housing market remains relatively robust but owners and new buyers are being advised to prepare for a possible interest rate rise in the next few months.

The fact that both repossessions and mortgage arrears are at record lows – as announced by the Council of Mortgage Lenders this week – is considered a reliable measure of the underlying strength of the housing market now.

However, mortgage broker bodies are also reporting an unusually busy summer as borrowers arrange new deals – frequently fixed over a long period – as a hedge against possible rate rises this coming autumn or winter.

However, the Bank of England pledges that any interest rate rise will be very gradual and many existing borrowers have already passed mortgage lenders ‘stress tests’ to ensure they can withstand any rise in base rate.

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