Best mortgage deal
Impartial-Independent-Mortgage Advice

Site Search:

Add to Favorites - Compare mortgage ratesMortgage Update Newsletter

0800 801079


Re mortgage quote, secured loan quote, commercial mortgage quote, cheap mortgage insurance quote, conveyancing quote Search mortgages

Buyers attracted to suburbs

Buyers attracted to suburbs
The UK's suburban towns are attracting more people with first-time buyer mortgages.

That is according to Savills, which claimed that more and more first-time buyers (FTBs) are interested in living outside of London.

Lucian Cook from the firm pointed out that people are willing to commute for slightly longer if it means saving a few thousand pounds when buying a house.

In addition, the director of residential research revealed that many people are now attracted to way of life in some suburbs.

"We are definitely seeing an increase in commuting levels and we are seeing the greatest increase at the edge of the commuter limits. Our key stat is that for every extra minute you have to travel, that knocks £1,000 off of the average house price," commented Mr Cook.

"It is £1,000 cheaper but you have to travel for an extra minute, effectively. People are increasingly looking at that kind of trade-off.

"You have the really sexy commuter areas where people are going to move to for quality of life. That would be your traditional commuter areas, the likes of Sussex and county and partly Surrey," he added.

The Financial Times House Price Index recently revealed that annual house price inflation in London in January was 14.5 per cent.ADNFCR-1237-ID-18469711-ADNFCR


Follow the link for information on
the Best Mortgage Rates available
 

Related Articles

Millions of borrowers dissapointed

GE Money Home Lending, the parent company of mortgage and loan brands First National and IGroup, has...
Published: 21-Aug-2008

New fixed mortgage rate from Northern Rock

Northern Rock has today announced a new three year flexible fixed mortgage rate available exclusivel...
Published: 21-Aug-2008

BM Solutions launch new mortgage rates

In a surprise announcement last week, HBoS, the group which includes the Halifax and the Bank of Sco...
Published: 18-Aug-2008

HBoS close TMB

HBoS, the group which includes Halifax, Bank of Scotland and Birmingham Midshires, has today announc...
Published: 13-Aug-2008

New offset mortgage rates from Coventry

The Coventry Building Society has today announced the launch of two new offset mortgage rates. An of...
Published: 13-Aug-2008

Sign up for our eNewsletter

French, Spanish and overseas residential mortgages


Latest News:

Millions of borrowers dissapointed
GE Money Home Lending, the parent company of mortgage and loan brands First National and I...
Published: 21-Aug-2008

New fixed mortgage rate from Northern Rock
Northern Rock has today announced a new three year flexible fixed mortgage rate available ...
Published: 21-Aug-2008

Equity Release special offer annouced by Just Retirement
An announcement from Just Retirement indicates the introduction of a Special Offer availa...
Published: 19-Aug-2008

Sub Five per cent mortgage rate launched
The Mortgage Works has announced the launch of a two year fixed rate buy to let mortgage a...
Published: 19-Aug-2008

Rss News Feeds

Mortgage News Feed

Best UK Mortgage Rates & Remortgage Rates