In September, 91,454 mortgages were approved, an annual increase of 39%, representing the backlog caused by lockdown and the surge in demand following the stamp duty holiday announcement. Gross mortgage lending was £20.5bn, an annual decrease of -7.6%, often lagging approval data.
Click here to read our Market Review report for November 2020, for the BR6 post code areas.
Langford Rae Property Agents have been helping people buy and sell locally from the flagship office on Windsor Drive, Chelsfield, since 1986. We welcome the opportunity to discuss local market conditions with you wether you're keen to move to the area, or looking to sell. If you are curious as to the market value of your property, why not use our free, no obligation valuation tool available here: www.langford-rae.co.uk/#valuation
For advice on local market conditions please telephone the team on 01689 862 770. We look forward to hearing from you. In the meantime, please see our other published articles available here.