Greycoat shares information on the UK´s current housing market trends. They say how more people were approved for a mortgage in March 2024 than any other time in the past 18 months. A recent report showed that 61,300 people were approved for a mortgage in March.
In February 2024, 60,500 people were approved for a mortgage, as Greycoat specialists keep on sharing. Danny Belton works for the Mortgage Advice Bureau as the Head of Lending. He stated that the number of people approved for a mortgage in March exceeded the expectations.
Danny also believes that more people will be approved for a mortgage in the summertime. Additionally, he stated that mortgage rates are dropping. According to Greycoat, this will prompt many people to buy a home for the first time.
Peter Stimson works for Mpowered Mortgages as the Head of Product, Greycoat assures. He stated that many lenders are competing with each other to offer potential buyers the best interest rates. They are offering comparable rates to both new and returning buyers.
John Phillips is the CEO of Just Mortgages and Spicerhaart. He stated that the market is certainly going in the right direction. He also stated that this current housing trend illustrates why it is important for everyone to have someone who can help them navigate the market. Greycoat Real Estate can help people both new and returning buyers.