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FTB activity in March the strongest in six years!

Housing activity in March has picked up, with valuations activity returning to levels not seen since March 2007, according to the latest Housing Market Activity Report by Connells Survey & Valuation.

The total number of residential valuations conducted in March showed growth of almost a quarter (24%) from the same month last year. This represents a sixth consecutive month of annual growth.  On a monthly basis, the number of valuations grew by 29%.

First time buyer activity in March was also the strongest for six years, as 26% monthly growth brought the number of first time buyers to the highest level since March 2007. Of all sub-sections of the market, valuations on behalf of new buyers showed the fastest year-on-year growth, at 33%. This represents the seventh successive month of annual growth for first time buyers.

 

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Halifax   & Nationwide Building Society
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Aldermore   & Skipton Building Society
Leeds building Society
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Business as Usual COVID-19 Update
Currently we are operating as normal, we have put a number of procedures in place to help mitigate the spread and limit the impact on the companies operations. Our staff are fully equipped to work remotely from home to answer your mortgage related questions. Your safety and well-being is of the utmost importance to us and so we are closely monitoring the situation with COVID-19 and the mortgage market. If you have any questions related to a new or existing mortgage then we are a mortgage broker that is happy to help answer them. Thankfully, none of the Search Mortgage Solutions team has been directly affected by COVID-19 and we have taken preventative measures to ensure this remains the case, which includes our staff working from home where necessary.
I want to reassure you that our service will continue to function as normal. All enquiries will still be responded to, and all staff will have full access to all the resources they need.

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