Thousands of aspiring homebuyers flooded the property market when it reopened last May, as pent-up demand, combined with new enquiries from buyers reassessing their property needs during Lockdown 1.0, created a surge in demand.

This was further intensified by the Stamp Duty holiday.

House prices in the UK climbed 7.5% last year, the highest growth rate for six years. Amongst the home nations, England saw the highest growth last year, with prices up 6.9%, prices rose 6.6% in Wales, 5.9% in Northern and 3.2% in Scotland.

Even as the wider economic recovery lost momentum in recent months, housing market conditions have remained robust and in October, mortgage approvals reached their highest level in a decade.


Your home may be repossessed if you do not keep up repayments on your mortgage

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Mortgage lending has soared to record levels, according to latest data from the Bank of England1, which reveals that gross advances in Q1 totalled £83.3bn, which represents a 26.5% increase on the same quarter in 2020 and the highest level since Q4 2007. Impact of the...

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(Your home may be repossessed if you do not keep up repayments on your mortgage)

We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)

For Lifetime Mortgages/Equity Release the fee will be £799.

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02380 224 925

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.