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VCC Homes Blog

I’m not crying, you’re crying 🥹

Where do you begin with a letter like this?📝

What an absolutely amazing letter (and gift) to receive!!

Georgia has been with us since Sept 2018, she is one of the most genuine, nice, funny, hardworking, mature person that you could ever meet and just an all round good egg. She has been the perfect housemate, but moreover, we now class her as a life long friend.

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Oli Collins
Best months to sell a home…

Best months to sell a home…

Over the past five years (excluding 2020), the number of buyer enquiries per property for sale has been highest during March, April and May (Rightmove).

Currently around 75% of properties are successfully finding a buyer, compared to a historical average of around 50%.

Properties are selling, subject to contract, 20 days quicker than the five-year average.

With interest rates anticipated to rise in small increments over the course of 2022, spring could be a good time to move.

If you’re an investor buying an investment property and are looking for an Agent to manage your property, get in touch👇🏼

☎️: 01293 301881

📧: lettings@vcc-homes.com

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Oli Collinsvcchomes
Monthly mortgage approvals mount

Mortgage approvals, which surged in 2021 on the back of demand from home-movers, have sustained a high level into 2022, continuing to outpace any period since 2008.

Meanwhile, the Bank of England is considering removing the ‘affordability test’ which tests a borrower’s ability to service their mortgage as interest rates rise.

However the Loan to Income (LTI) multiple of 4.5 times income will remain and this is proved to be more effective at curbing risk during a housing 'boom'.

The removal of the affordability test would make it easier for some first-time buyers to get a mortgage although, for an estimated 83% of renters finding a 5% deposit remains a barrier.

Source: Dataloft, Bank of England

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Oli Collins