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23 October
Oct 23
23rd October 2020

Activity surrounding the local property market (we have arranged close to 100 new viewings every day this week!) continues to be buoyant despite all of the problems created by the Coronavirus. However, there is a bottleneck between agreeing to buy or sell a house and completion of contracts. Mortgage applications are taking longer to process, solicitors, are swamped at present and finding their workload increasing by the day. Local searches are taking longer, and Birmingham Council is now quotin...

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17 October
Oct 17
17th October 2020

Despite the amount of uncertainty created by the new COVID restrictions and new guidelines activity once again continued in the same vein as previous weeks. We registered another 189 applicants, arranged 272 viewings and received 48 offers. We are also pleased to report that completion numbers have finally started to increase, and we expect an increased number of buyers to move into their new homes this month      Are you looking to sell? Now could be a great time to take advantage of the ...

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9 October
Oct 9
9th October 2020

The local property market - October week 1   As mentioned in previous weeks, front end activity continues to be strong and once again, a good number of houses sales have been agreed this week.   Despite strong sales since the end of the lockdown period, the time taking for them to complete has increased. Post lockdown obtaining a mortgage offer can take a lot longer than expected. Lenders "service levels" and timescales can vary greatly. In some instances, a mortgage application won't even...

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9 October
Oct 9
9th October 2020

Despite strong sales since the end of the lockdown period, the time taking for them to complete has increased. Post lockdown obtaining a mortgage offer can take a lot longer than expected. Lenders "service levels" and timescales can vary greatly. In some instances, a mortgage application won't even be looked at by the lender for twenty-seven working days. If the bank's underwriters decide that they need more information, this can add another one to two weeks before it is looked at again. Solicit...

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1 October
Oct 1
1st October 2020

Week four proved to be another busy week, and the month as a whole was a busy one. Collectively we registered 1014 new potential buyers, arrange 1220 viewings, received 233 offers and carried out 300 market appraisals.   Sales agreed over the last few months have been very good; however, the path to completion of contracts has been a difficult one. Selling a property is a complicated process, with several stages and multiple people involved to get through the whole process to completion. Acc...

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