ONS House Price Index Comment from Owen Woodley, Post Office Money

Owen Woodley at Post Office Money, comments on the Office of National Statistics (ONS) House Price Index issued today (15 August 2018).

“Another consecutive month of slowing house price growth indicates that the national market is cooling down. First time buyers looking to get a good deal on their first home will welcome this news but the recent interest rate rise will also have given many cause to really question what they can afford in the longer term. Affordability should always be the first consideration when making a mortgage application and it’s encouraging that 65% of recent FTBs think now is a good time to buy your first home*. When choosing where to buy, it can really pay to investigate how the market is changing locally as there are many regions across the country that continue to see strong growth such as the Midlands and parts of Wales.”

Kindly shared by Post Office Money