The increasing costs of purchasing a home
The UK housing market has been experiencing a notable surge in house prices, capturing the attention of potential homeowners, investors and first-time buyers. Rightmove, the UK’s leading online real estate platform, provides detailed data and analysis that highlight the extent of this rise.
Rightmove’s latest reports indicate that house prices across the UK have reached unprecedented levels. As of early 2024, the average asking price for a home has hit record highs, with a marked increase observed over the past year. Certain regions, particularly in the Southeast and London, have experienced even steeper climbs, reflecting both local demand and broader national trends. The average UK house price is now costing £375,131.
it is important when you’re thinking or purchasing a new property, whether as a first-time buyer or as a homeowner to review the costs involved. This doesn’t just mean reviewing your monthly mortgage payments. At PFM we can help with the following:
- Reviewing and setting your monthly budget, in terms what would be affordable to you when purchasing a property.
- How much it costs to purchase a property including stamp duty, solicitor’s fees, estate agency fees, product fees and valuation fees.
- Current interest rates
Here at PFM Dental, were here to help and help you find your dream home. Please get in touch with one of dedicated mortgage advisers today on 01904 670820.
