Book a Property Valuation
04Oct

To date in 2018 properties have taken an average of two months to sell, according to data produced by Rightmove.

How long a property takes to sell is dependent on a whole range of factors – price, location, condition and time of year to name but a few, but despite challenging market conditions in many areas, nationally this figure is just one day longer than last year and is 10 days shorter than four years ago.


There are of course regional differences, at present properties are selling quickest across the Midlands – 49 days in the West Midlands and 54 in the East Midlands, while properties across London and the North East are taking longer to sell.

For an indication of how long properties are taking to sell, check out our additional graphic on the national page, which will be updated each month. To see how long it it takes by region, see the Infographics library.

04Oct

Across England and Wales just under two-thirds of properties are owner occupied, of which just over half are owned with a mortgage. The Financial Services Authority estimate the outstanding value of all residential mortgage loans is just over £1,417 billion. Which is why it's important to choose the right lender for your mortgage.

Every year Which? survey thousands of members of the public to reveal the mortgage lenders that are leading the way in terms of both deals and customer service. Based on a combination of the June 2018 customer satisfaction survey results and their own expert deal analysis, a set of lenders have been named as Which? Recommended Providers - meaning they're currently the best mortgage lenders out there.

Principality tops the league of UK mortgage lenders for customer satisfaction, at 80% with First Direct and Nationwide tied for second place at 77%.

Which? surveyed 3,500 home-owners asking them to rate their mortgage provider on customer service, the mortgage application process, value for money and online access. Fourteen companies received scores of 70% or above. The top nine are listed above, with the mainstream high street lenders Natwest, HSBC, TSB and Santander all scoring 70%.

In order to be named a Which? Recommended Provider, mortgage lenders must:

  • have achieved a top customer score in a Which? customer satisfaction survey.
  • consistently offer table-topping mortgage deals over various product types.
  • be fully covered by the FSCS (Financial Services Compensation Scheme) and FCA (Financial Conduct Authority) banking standards regime.

However, while these providers are great all-rounders, the best mortgage lender for you will depend on your individual circumstances - for example, some lenders are more willing to give mortgages to self-employed homebuyers, while others specialise in guarantor mortgages or solutions for people with a poor credit rating.

26Sep

Deciding to put your home on the market is a big decision, so it’s important to weigh up all the aspects of selling. There has always been a debate between when the best time to sell is, so we’ve explored the different opinions!


Spring

Once the clocks go forward and Easter is upon us, it can be argued that this is when things tend to get going. In general, there are typically more properties to choose from in the spring, something that could work in your favour as a buyer looking for the perfect property. Areas near the coast tend to be more productive in the spring and early summer, due to people like retirees who want to move in the good weather. This is a similar trend in Suffolk, with many putting their house on the market during the spring to be moving by the summer!


 

Summer

Many say that properties sell better in the summer, with blue sky photos and gardens in full bloom. Photography is a key selling tool when it comes to houses, whether it be showing clients your home in our brochures or magazines, or potential buyers finding your house through an internet portal, the look of your property is important. With luscious green lawns, blue clear skies and rooms flooded with sun light, the general look of your property in the summer will be improved!

 

Autumn

If your home has extensive grounds and beautiful gardens, the best time to get your property on the market could be the Autumn, when your gardens look their best. With the activity building since the beginning of February, and more houses coming to market over the summer, there’s usually an influx of purchasers. Think of all those people who’ve sold their houses over the summer but are yet to find their perfect place! They could be waiting for be yours!



Winter
Many agents say they still have high activity levels throughout Christmas! Some even saying they still receive calls and emails on Christmas day! With many buyers searching via the internet, the market is no longer as seasonal as it once was. In fact, data from Rightmove in 2015 shows that traffic figures increased from 1 million on Christmas Day, to over 1.6 million on the 26th, as the Boxing Day bounce kicked in. This then climbed to a whopping 3.3 million visits on New Year’s Day! So a great time to put your home on the market would be just before Christmas!


Really then, the answer to our question, when is the best time to sell your home, is always! There are no fixed rules, our advice? Buy and sell when is right for you, you can sit and wait for a perceived “busy period” but whilst waiting you could have missed any number of opportunities.


If you’re thinking of making the move, perhaps now or some time in the future, we’re here to help. Give us a call and we can go through what works best for you.

For more interesting articles like this one, have a look at our blog here


18Sep


18Sep


18Sep


Lavenham Office
22 High Street,
Lavenham, Suffolk
CO10 9PT


Tel: 01787 249583
Haverhill Office
27b High Street,
Haverhill, Suffolk
CB9 8AD


Tel: 01440 768919

 

Sudbury Office
6 King Street,
Sudbury, Suffolk
CO10 2EB


Tel: 01787 468400
Clare Office
17 Market Hill,
Clare, Suffolk
CO10 8NN


Tel: 01787 278890

 

Hadleigh Office
43a High Street,
Hadleigh, Suffolk
IP7 5AB 


Tel: 01473 828280
Bury St Edmunds Office
6 The Traverse,
Bury St Edmunds, Suffolk
IP33 1BJ


Tel: 01284 769598

 

© Bychoice Estate Agents 2017. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy  
Registered Name: Bychoice Estate Agents Limited | Place of Registration: Sudbury | Registered Number: 5186429 | Registered Office: 61 Station Road, Sudbury, Suffolk, CO10 2SP