Moneyfacts reports that this increased number of deals should improve competition. With house price growth slowing and more mortgage options available it could be a great time for first time buyers to get on the property ladder. With the BBC recently reporting that it takes the average buyer 9-10 years to save a 20% deposit, this news will be welcome to mortgage applicants.
All in all let’s hope this can lead to an increase in transactions for the conveyancing industry and more job opportunities for talented and experienced conveyancers across the UK.
Whether you are ready to take the next step, have an initial enquiry or simply want some general advice, get in touch today to see how we can help