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Mortgage rates are starting to fall as competition among lenders heats up ahead of the Bank of England's upcoming rate decision. According to a survey carried out among economists, they predict that the first interest rate cut in more than four years will take place next week.
The Impact of Intense Competition
The decrease in mortgage rates is primarily driven by intense competition among lenders. As banks and building societies vie for a greater share of the market, they are offering more attractive deals to entice borrowers. This competitive environment is beneficial for potential homebuyers and those looking to remortgage, as it provides a broader range of options and the possibility of securing lower interest rates.
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Since April, some of our team here at Richard Kendall have been hitting the local pavements, lacing up their running trainers whenever possible, rain or shine, to prepare for this year's Great North Run.
Here at Richard Kendall Estate Agent, we have teamed up with MY Hospitals Charity and on September 8th we will be participating in the Great North Run. Claire Kendall and Simon Kendall will be joined by Suzanne Jordan, Shireen Smith, Leah Appleton, Jason Smith, Kati Topliss, Lennie Standley, Kate Thickett, Sarah Kirby, Sarah Kendall, Lukas Asquith, Donna Leeson, Charles Boswell, Andrew Leeson, Alice Duckett, Melissa Lambert, Josh Redshaw, and Jess Marney.
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As the new government reveals its plans for the next five years, renowned Yorkshire estate agent Claire Kendall gives her views on the market, and what may happen next.
The last three months activity in the local property market has experienced a notable uplift, with a noticeable increase in buyers and sellers confidence alike. This has translated into higher property transactions and gives way to a confident outlook for our area post-election era.
Here at Richard Kendall Estate Agent, as an independent agent who has been selling property in the Wakefield and Pontefract areas for well over 50 years, we are seeing remarkable sales figures not only in these last three months, but since the beginning of the year.
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We are delighted to sponsor this year's Ossett Gala once again!
Mark your calendars for Saturday July 13th, as Ossett town centre will be buzzing with excitement. Visit our stall as well as enjoying a variety of activities and attractions that Ossett Gala has to offer. From thrilling performances by local artists and dance groups to delicious food stalls, there is something for everyone to indulge in.
The event will feature both outdoor and indoor performances, with stages showcasing local musicians, dance troupes, theatre groups and more.
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Moving home is about getting the numbers right and, of course, finding the right property. The good news is that on both counts, things are getting better, with home moving numbers on the up. But this is only part of the story of moving. As estate agents compete for your business, their levels of expertise and service improve, which is more good news for you.
Prop-Tech
Like most industries, the benefits of rapidly improving technology makes it easier to connect people to your property. Thanks to improved property technology or ‘prop-tech’, agents can present your home to a vastly higher number of buyers in more efficient ways.
