SUMMER NEWSLETTER


Welcome to our Summer Edition. Let's hope that this excellent weather continues and that we all have the opportunity to make the most of the summer.

We would like to add our congratulations to the Duke and Duchess of Cambridge on the birth of their son Prince George.

The Government sees the Housing Market as an essential driver to the UK economic recovery which is still stubbornly fragile. However, with existing Government Schemes already having an impact there are clear signs of a revival with the market in London leading the way as usual.

House prices are up 3.7% since last year, the fastest rate of increase for three years (source Halifax). Total mortgage lending is up 26% on the year and the number of first time buyers managing to get a mortgage is up 42% (source CML).

For those of you ready to invest now is the time to take action, as the Government will be extending the Help to Buy Scheme from next year to lift buyers with small deposits onto the housing ladder. This means that only a 5% deposit will be required with the Government underwriting billions of pounds worth of mortgages for prospective home owners by partly guaranteeing Help to Buy loans.

DABORACONWAY will be delighted to assist those who feel ready to invest. Our Sales and Letting experts are standing by ready to offer advice, guidance and support where needed. Please feel free to contact them and for those of you looking to secure your 'Buy to Let income' please feel free to contact our Guaranteed Rent Scheme experts at Head Office.

Wishing you all a wonderful summer.

David DaBora


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