House prices continue to push to record highs, with September seeing the strongest monthly increase for 14 years. Mortgage lenders Halifax said the average cost of a home rose by 1.7 percent, or £4,425, to £267,587, last month. Russell Galley, the managing director, said: “The average house price is now as expensive as it ever has been.” And the property market is showing no signs of slowing down any time soon.
Despite there being no sign of immediate change to the property market, Gemma and Colby share the view that we will witness “very gradual” price relaxations over time.
Speaking exclusively to Express.co.uk, Gemma said she has noticed that there are “minimal delays” to moving compared to this time last year.
She added: “Clients appear to be having no problem with submitting mortgage applications with Financial Advisors and surveyors are attending houses to carry out lending surveys in prompt time scales.
In Huddersfield, West Yorkshire, transactions have been completed in as little as six to eight weeks – resembling the market in pre-covid times.
The Branch Manager of Bramleys added: “Where a lengthy chain is involved, this inevitably will take longer, however as mortgage timescales have sped up, along with the time it takes for local authority searches to be returned, these types of transactions are much quicker than this time last year.”
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