Despite the fact that house prices are expected to fall in 2018 there has been a steady increase in mortgage applications.
In 2016, 312,500 new mortgages were issued to first-time buyers – an incredible 69% above the level seen in 2008.
Many buy for security. Owning a house is more than an investment, it’s a home and as long as you remember that the purchase is a long-term purchase, changes in the medium term from property prices and changes in interest rates, one: should be expected and two: be managed with advice and support from your mortgage broker.