Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

Flats Out Of Favour

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Land Registry statistics show flats and maisonettes are the only property types to have dropped in average value compared to the same months last year, with a fall of 0.4% in July and 2.5% in August.

Potential purchasers appear to want houses over flats, representing an ongoing issue for the government as to how to increase supply in this area. 

Not only can flats be restricting when wanting to extend, such as adding a conservatory or a loft conversion, which add value. More and more people are working from home, meaning space is a huge consideration when looking for a property.

Traditionally, must first-time buyers have entered the property market through leaseholder flats, but there is an increased mistrust of leasehold properties, especially if the number of years left on the lease is low. First-time buyers may prefer instead to rent a leasehold apartment until they have saved a larger deposit and can buy a freehold house as their first purchase.

 

 

We can help you!

If you would like more information or help with your mortgage please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

 

Your home may be repossessed if you do not keep up repayments on your mortgage

 

 

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Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.

What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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