Aug. 30, 2024

Market Snapshot | Housing & Mortgage Updates

Welcome to this episode of The Investors Corner! We have Ian Macbeth, joined by co-host Andy Brown. Today, we’re thrilled to have Ves Doctorov from Mortgage Tribe with us to discuss the latest trends and updates in the housing and mortgage markets....

Show Notes

Main Topics Covered:

Mortgage Rates and Market Movements:
Recent shifts in mortgage rates, including Nationwide’s introduction of a 3.99% rate on a 60% LTV mortgage and other competitive offers. Insights into how these rates impact borrowers and lenders.
Property Trends and Insights:
Current trends in property sales, including the increase in new buyer registrations and the types of properties in high demand. Analysis of the latest data from Rightmove and market responses.
Scottish vs. English Property Market:
A comparison of property investment trends between Scotland and England, highlighting Scotland's 30% increase in property investment versus London's 46% decrease. Factors contributing to these trends.

Key Insights:

Nationwide’s new mortgage rates at 3.99% are setting a competitive benchmark.
Two-bedroom terraces and three-bedroom semi-detached homes are the fastest-selling properties.
Scotland is seeing a significant increase in property investment, contrasting with a downturn in London.
The final quarter of 2024 is expected to be busy, with increased market activity historically observed.

Resources:

Nationwide Mortgage Rates
Rightmove Property Trends
Scottish Property Market Insights

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