No one was quite sure how long it would take rates to fall with most brokers and market experts expecting them to settle somewhere between 4% and 5% over the year.
November saw the Office for National Statistics issue a positive report: that, in October, transactions had risen 2% on a monthly basis to 108,480. However, many brokers were quick to discount this news. As Riverside Mortgages owner Luke Shaw says: “These figures lag economic reality. On the front line, it’s now a
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