Property prices increase 105 fold during the Queen’s reign.
Research this Jubilee month has shown that house prices have risen a staggering 105 fold since the coronation and by 16 times since the street parties of the Silver Jubilee back in 1977.
During a period of indifferent cash returns property has been King according to Hamptons International research comparing the average house price in 1952 with today.
In London the figure was even greater at 134 and 21 times respectively and both figures put the soft landing of house prices in recent years into some sort of perspective. They also underline why the UKs Contractor community maintain their optimism and continue to snap up bargains as other borrowers struggle to meet tougher deposit and income criteria.
Our broker fees free mortgage service continues to go from strength to strength in the run up to the Jubilee and even a Euro-crisis related lending drought has failed to impact on the number of clients we’ve been able to help this month.
For help with an agreement in principle to find out how much you could borrow based on your annualised contract alone or remortgage advice to help refinance an existing loan contact Simon Foster or Luke Somerset today on 0845 062 8888 or via mortgages@contractorfinancials.com
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