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House price growth may be slowing, but rents look set to continue to increase. Property experts generally agree on growth estimates of around 4–5% annually.

Property website, Zoopla, reports that the average rents for new-lets have risen the most, by 11.1% in the last 12 months. Earnings have increased by 6.7%.

Demand for rental homes remains 10% higher than last year, driven by four key factors:

• the strength in the job market
• resulting high economic immigration
• a rapid increase in oversees university students
• a static supply of rental homes.

The other property website, Rightmove, points out that the first quarter of 2023 marked the 13th consecutive three-month period where asking rents on new properties to let had risen. This run stretches back to the end of 2019.

It’s a good time to be thinking about your mortgage with the economic situation remaining uncertain. We can explore your options with you.

Quality Street Financial Services, part of the Gateway Group, is committed to helping you by looking at your individual circumstances and providing financial advice that is right for you. You could have several choices available when it comes to your mortgage. Whichever route you take, it is vital that you understand your options.

Your options could include:

Moving to a new lender

Our fully qualified specialists take the time to get to know your circumstances and specific requirements. Then, we’ll search hundreds of mortgage products from leading lenders, so you get the best possible option out there on the market.

Making your current mortgage work for you

Our fully qualified specialists can provide advice on flexible options with your current mortgage, such as making overpayments.

Exploring alternative interest rates

Another option could be to stay with your existing lender and take advantage of an alternative rate. We will liaise with your lender to make sure you’re offered the most suitable rate.

You're in safe hands

Everyone’s mortgage and current circumstances are unique. Our team has Certified Mortgage Advisor status, meaning we’re recognised as holding all the qualifications needed to provide sound advice. We use the latest encrypted technology, so you can conveniently and securely upload documents.   

You’ll have the personal touch

A dedicated mortgage advisor will be on hand and guide you through the review process. That can be face to face, over the phone, by Zoom… Whatever works best for you. We can also help protect what matters with bespoke home insurance advice for comprehensive and competitive policies.

Contact us for professional, affordable mortgage advice.

Get in touch with the Quality Street Financial Services team today and find out how they can assist you with your mortgage queries. You can do so by phone, on 01702 443 549, or by visiting our website using the link below.

Gateway Property Management is proud to be the appointed managing agent of over 4,500 new homes over the last month.

Our ever-expanding portfolio comprises family homes to apartments in cities, towns and villages, as well as properties in the countryside and by our coastlines. Last month’s highlights include a range of developments – from 1,350 contemporary homes to 45 stylish residences – in the following locations: 

• close to the city centres of Carlisle, Hull, Nottingham and Southampton
• just outside the bustling cities of Durham and Leeds
• in towns from Driffield and Pocklington, East Riding of Yorkshire, to Standish, Wigan
• near the medieval market town of Tewksbury, Gloucestershire
• by the beautiful North Wessex Downs, Oxfordshire
• close to Bury St Edmunds and the Suffolk countryside
• across Essex, from the River Crouch to Southend-on-Sea
• in the village of Milborne Port and in the Somerset countryside.

Looking for a new managing agent?

We carefully manage property, offering a proactive service from strategic offices in Essex, Leeds and London. Call Gateway Property Management today to see how we can best support you on 01702 443 555 or click here.

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