By using this website, you agree to our use of cookies to enhance your experience.


Homebuyers more buoyant than expected, says Rose Capital

Homebuyer confidence is higher than was expected at the end of 2022, according to a leading mortgage broker.

Richard Campo, founder of independent broker, Rose Capital Partners said: “This week, I’ve heard from multiple sources in the property sector that purchase activity throughout January is higher than was expected back in December.  

“This is a positive sign that homebuyer confidence is on the up following the past few months, which is great news for buyers and all involved in the property market.  Mortgage rates have reduced significantly since last year and are now bottoming out. Lenders want your business and are keen to get new borrowers on their books.


Hit play

“On the flip side, it could mean that house prices will stabilise and even start to rise sooner than expected.  However, this is coupled with the fact that the Bank of England is likely to raise the Bank Base Rate next week, which has an impact on how far your money goes. Now could be the time to buy.

“If you pressed the pause button on buying a home at the end of 2022, I would get ready to hit play as I think we’re on the cusp of the property market starting to gear up again.”

Campo offered would-be buyers his three top tips to be ready to enter the market.

1. “To secure a better mortgage deal, start the process early (6-9 months before your current deal ends) as interest rates are expected to rise and your disposable income won’t go as far on a mortgage deposit.

2. Speak with an independent adviser for impartial advice and a wider choice of lenders and products, and exclusive deals. It could very well save you money and you’ll be given full, clear disclosure of all fees and charges.

3. Tidy up your credit file by ensuring everything is registered to your current address, closing old or unused credit facilities and being on the voter's roll.”


Please login to comment

MovePal MovePal MovePal
sign up