Precise Mortgage Solutions

08/04/2022

This is how we feel, when we open ANOTHER email from a mortgage lender, informing us that they are increasing their rates…AGAIN! 😩😩😩

If you’re not on a fixed rate mortgage, or your rate is coming to an end within the next 6 months…get in touch now.

0121 369 3690 / [email protected] / www.precisemortgagesolutions.co.uk

23/12/2021

We’re now closed for Christmas🎄

We’ll be back in the New Year on 4th January 2022.

Have a great Christmas everyone ⛄️ 🎄 ❄️

10/11/2021

25/05/2021

Buyers outnumber properties by 16 to 1

The percentage of properties selling for over the asking price reached the highest level on record as eager buyers outnumbered available properties by 16 to one, according to NAEA Propertymark.

The trade body says that 32% of properties sold for more than asking price in April, which was twice as many as in March when the figure stood at 16%.

It is also substantially higher than the previous record of 19 per cent in May 2014.

Average sales per estate agent branch were static from March to April at 12, however this is the highest figure for the month of April since 2007.

Demand from buyers continued to increase, reaching its highest level in 17 years at 427 house hunters registered per estate agent branch, up from 409 in March.

But supply remained under pressure with an average of only 27 properties available per branch, down from 31 in March to the lowest level recorded in 19 years.

It means there is an average of 16 buyers for every available property on the market.

The number of sales made to First Time Buyers stood at 27 per cent in April, which remains the same as March.

Propertymark chief policy adviser Mark Hayward says: “It is phenomenal to see demand for housing breaking records, as house buyers continue to fuel the post-Covid economy.

“However, the continued imbalance of supply and demand is a concern and has led to a strong sellers’ market with properties being snapped up quickly at high prices.

“We look forward to the much-needed rebalancing of the market, and we hope the Planning Bill outlined in the Queen’s Speech encourages the development of more housing, particularly in more affordable areas, as most of the development taking place is in areas that are unaffordable to first-time and lower income buyers, although the government’s First Homes initiative will be a much-needed boost.”

18/05/2021

We are blessed with some of the BEST clients 😃

This is how they responded, when they learnt about a FALSE bad google review ⬇️⬇️⬇️

You’re all amazing!!! You really are 👍🏻

01/05/2021

Please help this family, by donating to help them to get the small things that every home needs. Everyone deserves somewhere to call their home 🏡 💕

My moms had a massive house fire yesterday caused by a tumble dryer. Her home has completel… Shannon Gales needs your support for Help Donna Rebuild Her Home

04/03/2021

95% mortgages are coming back 😃

If you have a 5% deposit saved and you’re looking to buy your first home, please get in touch and we’ll help to get you on the property ladder.

Give us a call on 0121 369 3690 or email us at [email protected]

#95%Returns #5%DepositMortgages

20/02/2021

We had visitors at the office yesterday, for the first time in what feels like forever! They came with “his and hers” thank you gifts, after completing on their house purchase. We had to take the opportunity to get a pin in the client wall, cause it’s not had many visitors in this last 12 months. Thank you for the chocolates, cards and flowers Kirsty, Emily & Lucie. We wish you all the best in your new home 🏡 🔑 🍾 😃

12/02/2021

Low-deposit mortgages have made a return as the market emerges from a Covid-related slowdown.

Mortgage products for homebuyers with a deposit of 10% have risen more than fourfold compared with last summer's low. The increase, based on figures from financial information service Moneyfacts, could offer some relief to first-time buyers.

In early September last year, there were only 44 mortgage products available for those able to offer a 10% deposit. At the same time, first-time buyers putting money aside for a deposit were faced with pressures of poor savings rates and rising house prices. That choice has now risen to 197 products, according to the Moneyfacts figures, with some big lenders returning in recent weeks.

Mortgage products for those able to offer a 15% deposit have also risen sharply, although the choice was already much greater.

"First-time buyers who may have been concerned that with record low savings rates and increasing house prices, their homeownership dreams may have had to be shelved, may be pleased to note that we are now seeing some providers return products for those with 10% deposits," said Eleanor Williams, from Moneyfacts.

Lenders had been grappling with the practical effects that the coronavirus pandemic brought to their business. While some targeted first-time buyers on social media, many traditional lenders withdrew products from the market. Staff shortages, and employees working from home, meant they were unable to process applications as fast as they had before the pandemic.

There were also concerns among lenders that, despite strong activity in the housing market, riskier - and younger - first-time buyers could find it difficult to make mortgage repayments during an economic slowdown caused by the pandemic. Research has shown that younger workers are more at risk of redundancy.

Lenders are now working more efficiently despite staff still being at home. Some of the biggest mortgage lenders have returned to the market. Some of the mortgage rates they are offering are not as attractive as they had been, but competition will hopefully help push down costs.

If you are planning to purchase a property and have a 10% deposit, the mortgage rates are not as cheap as they used to be, but they are getting better.

If we can help you to find the precise mortgage product, from the precise mortgage lender that best suits your need, please get in touch ⬇️⬇️⬇️

0121 369 3690 / [email protected]

09/01/2021

NHS Heroes, let us save you money on your mortgage.

We appreciate everything that you’re doing for our country, but we don’t want your personal finances to suffer as a consequence. We’d like to help you, by making sure that you have the best mortgage that you can have, without charge.

Precise Mortgage Solutions are able to offer you fee-free mortgage advice. We have access to hundreds of mortgage and remortgage deals from across the market, including deals which are only available to independent advisors like us.

Request a fee-free mortgage review here >> https://www.precisemortgagesolutions.co.uk/contact/

Alternatively, give us a call on 0121 369 3690 and one of the team will help you 🌈 🙏🏻



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