Brexit success for Brit home-owners as prices remain stable and mortgages are cheaper than ever

HOME-owners are enjoying a Brexit boom with house prices stable and mortgages cheaper than ever.

First-time buyers have a wider range of deals on offer with interest rates at their lowest in years.

3

There are now 5,366 mortgages up for grabs - up from 4,736 in June.

And the average rate has fallen from 2.99 per cent to 2.85 per cent over the same period, according to an analysis by consumer champion Which?

Despite gloomy forecasts, house prices have remained stable, with the average value rising from £211,231 to £215,008 since June.

3

RELATED STORIES

BYE BYE BYE

Government to end Help to Buy mortgage guarantee scheme

BREXIT BOOST

First-time homebuyers could save more than £500 a year as mortgage rates fall

PARENTS' MORTGAGE PENALTY

How couples who pay for childcare are having up to £100k slashed from the mortgage they can borrow

HOMES FOR HEROES

Up to 20million Brits could be eligible for mortgages designed especially for Armed Forces families

3

David Blake, of Which? Mortgage Advisers, said: “Lower interest rates and an increase in the number of mortgages on the market is excellent news for house-hunters.

“In a complex property market, it’s important to get yourself into the best possible position before applying for a mortgage.

“Seeking independent advice from a reputable mortgage adviser can help with this and ensure you get the best possible deal.”