There are now a significant number of first time buyers in this area looking for property which is a positive sign as this will help to stimulate house sales in the area. Whilst it is likely that there is still someway to go before property prices improve, local estate agents are reporting a significant increase in sales and this is encouraging for the local economy.
The mortgage market has obviously benefited from lower mortgage interest rates and whilst lenders remain prudent on lending, I am pleased to report that if you have a reasonable deposit and are borrowing an affordable amount based on your incomes you will not have an issue securing a competitive mortgage product.
Finally, with regards to the money markets, This is a good opportunity and would be a good time to ensure that any monies you have in savings and imvestments are best placed to ensure that you can benefit from the recovery. With savings rates at an all time low, it is more important that ever to ensure that you are making the most of every pound.
Next month-spotlight on life cover and protecting your family.