Summer market remains resilient

“Despite one of the best summers we’ve had for over forty years activity in the UK housing market continues to tick over nicely”

Mortgage Advice Bureau has recorded a resilient housing market this summer as ‘sunshine sells houses’ according to its latest national mortgage index.

Data shows that the majority of key metrics in the first-time buyer, residential purchase and remortgage sectors remained broadly unchanged in July compared to the previous month and the same period last year.

The buy-to-let sector was the only one to see a softening in borrowing in the month and the only major change in the residential market was an increase in numbers choosing a fixed rate product ahead of the rate rise.

Brian Murphy, head of lending at Mortgage Advice Bureau, commented: “Despite one of the best summers we’ve had for over forty years – which in itself has been a pleasant distraction for many – coupled with the start of the school holidays, activity in the UK housing market continued to tick over nicely in July’’

Lanes New Homes’ Sales Director, Peter Cunningham added ‘’There are still plenty of motivated buyers looking to take advantage of the new build Help to Buy scheme whilst it remains available and the summer sales period, including August, has been one of the busiest on record for us.

Developers are always keen to secure sales in the 2nd half of the year and in addition to there being some really good buyer incentives on offer there are also some genuinely brilliant new schemes on release combining fantastic living environments with strong long term investment opportunities’’

Overall, given the time of year and the current economic and political climate, it looks like the new homes market in the Home Counties is performing to expectations with ongoing demand continuing to outstrip supply.


SHREDDED WHEAT – full of goodness for Welwyn Garden City

The former Shredded Wheat factory in the heart of Welwyn Garden City is being developed into a high-quality mixed-use scheme with over 1400 new homes, with a mix of one, two and three-bedroom properties including 110 retirement living units and 31% affordable housing.


Well-connected & Youthful Enfield

The boundary lines between lively inner and leafy outer London are now starting to blur, as many new would-be buyers look to push into areas just beyond the North and South Circular roads, where new homes can be purchased at prices low enough to attract people who want to be within a 30-minute commute of […]


Enfield – Towards new local plan 2036

Since the 5th December 2018 through to 28th February 2019, Enfield Council are consulting on the Issues and Options version of their Local Plan, guiding development within the Borough up to 2036.  This version of the Local Plan seeks views and comments on the ’good growth’ principles that aim to ensure growth delivers: infrastructure improvements; […]

Register with us today for details on our upcoming developments...

Register here

Working with innovative housing developers