Homebuyers adjusting to 'new normal'

11th November 2022
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It's been a rollercoaster of a ride over the last couple of months for everyone, interest rates rising, property prices falling, new Prime Ministers and mortgages being withdrawn.

Things have calmed down since Rishi Sunak took office and now the mortgage lenders are starting to be more competitive again which means lower interest rates and better deals for borrowers.

At Bywater Herring, we understand that interest rates aren't going back to the lockdown levels and we know that the market that was so dominated by sellers is now levelling up. We have more houses coming on the market and now is the time to make sure you are having the best photos taken and the best description of your home to help you to attract the best buyers.

We expect that the slowdown in property is going to help to level up and make it a better situation for everyone.


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