Best time to get a mortgage in Oxfordshire

IMS Mortgage Solutions suggest that now is the best time to get a mortgage in Oxfordshire. Homebuyers and those looking to remortgage are this week being urged to act fast if they want to lock in a competitive home loan deal.

Many banks and building societies have been pulling their mortgage deals or repricing them upwards, often at very short notice. This is all while they grapple with rising interest rates and inflation, and the wider economic volatility.

Best time to get a mortgage in Oxfordshire – Property Prices

The Office for National Statistics has named the Oxfordshire neighbourhoods where house prices are growing the fastest.

Berinsfield in South Oxfordshire saw property prices increase faster than anywhere else in the county in the year to June 2021 The average home in the neighbourhood selling for around £410,000.

That was up by 47% from the average sale price of £278,000 the year before.

The average cost was also 64% more than the average house price of £250,000 in the year to June 2016. Furthermore, that is more than four times the £90,000 you would typically have paid in the area in the year to June 2001.

House prices in the ward still don’t come anywhere near the most expensive in Oxfordshire. This can be found in St Margaret’s in Oxford, where the average house sold for £890,000 in the year to June 2021.

Mortgage Advice Oxfordshire

IMS is a leading independent whole of market mortgage broker, offering exceptional mortgage advice. Our team of expert advisers will help you secure the best mortgage deal. You could be a first time buyer, looking for help to buy or shared ownership, remortgaging your home, or in many other situations. We are one of Help to buy South’s recommended mortgage brokers. Therefore, we specialise in help to buy and shared ownership mortgages. Now is the best time to get a mortgage in Oxfordshire, so contact us today.

Book a FREE mortgage consultation here.

Or call 01869 248339, email info@imsinternet.co.uk.