Latest News From My Home Move - the UK's leading conveyancer
20 December 2016
Doug Crawford, CEO of My Home Move, the UK’s leading provider of mover conveyancing services, offers his housing market predictions for 2017
“2016 has been a year of two halves. A boom in the first half due to the stamp duty land tax changes regarding additional properties, and then a slowing as the EU referendum and American election results were announced, creating a sense of caution across the market.
“With a lack of housing stock continuing to dominate, we expect 2017’s focus will remain with the Government’s commitment to new build developments; with innovative technologies and pre-fabricated techniques being adopted across the industry in an attempt to speed up the home building process.
“Following the reduction of the buy-to-let market, we anticipate seeing a rise in shared-ownership schemes, an increase in high LTV mortgages for first-time buyers and an array of new re-mortgage products launching onto the market. The most popular of which will be for long-term, fixed rate products, complete with a ‘fees included’ promise, as re-mortgage clients seek financial reassurance in the lead-up to (the possible) triggering of Article 50, and beyond.”