Does the Mortgage Market Review have some benefits?

Undoubtedly, the Economic Crisis of 2008 has had a large impact on the property market and has made it much harder for people to buy homes. People are struggling to be granted a mortgage due to the lack of money in the economy, some estate agents feel that this has had a devastating effect for potential home buyers. Since the 2015 Mortgage Market Review two thirds of estate agents report a decrease in home buyers according to the NAEA.

 According to Mark Hayward, managing director, National Association of Estate Agents:

“A drop in the number of buyers is the direct result of a slow-down in acceptance of mortgages, with it now taking an average of 50 days to receive a mortgage offer. This increases the risk that sales won’t go through and puts unnecessary pressure on any chain transactions.

A drop in the number of buyers is the direct result of a slow-down in acceptance of mortgages, with it now taking an average of 50 days to receive a mortgage offer. This increases the risk that sales won’t go through and puts unnecessary pressure on any chain transactions.”

*Figure from the NAEA’s March 2015 Market Report

But the decline in home buyers could make it the perfect opportunity for any property developers to come and purchase new properties to add to their portfolio. As previously noted there may be stricter guidelines on being granted a mortgage but for experienced property owners and developers this could be a fantastic opportunity to take advantage of lower house prices. Whereas, inexperienced property buyers may be struggling to get a mortgage grant, developers have the opportunity to widen their horizons and renovate a property for rental or even possibly to re-sell for a profit. Mortgage loaners are more likely to accept previous home buyers and this gives you the chance as a developer to get ahead of other first time property buyers and take advantage of the Mortgage Market Report. The lack of home buyers has led to a rise in those who are looking to rent properties which is another way for experienced buyers to take advantage of the decline in people buying homes.

Open House is a large online estate agent that allows their clients to both sell and buy properties on a national scale. They are a bespoke company and give the correct type of service to allow any experienced or first time buyers to browse and purchase a certain property in an area of their choice. For ant further information about Open Houses services or to understand how they can help you with your property search please click here.

Brilliant Online Estate Agency

Summer is the perfect time to buy or sell a property. Open House is an innovative online estate agent which showcases both properties to buy and you can even sell your property through their network, whilst taking advantage of them offering a having a low sale rate and VAT. This service is perfect for both experienced and first time buyers as its easy to use and is a brilliant way to help showcase your home online, in order to drive traffic and views to your property. An online estate agency they can sell their properties in a range of areas across the Northwest such as Manchester, Liverpool, Leeds, Wigan, Widnes, Warrington and many other areas across the Northwest region.


Open House aim to offer the best possible buying service they possibly can as their experienced staff will help you at every step of buying a property to ensure that you always have help when purchasing a property. High street companies are not always focused on offering the best possible service they can but Open House are, they will always aim to offer the best possible service they can by offering you help with matters such as buying a home or arranging a mortgage. From semi-detached to detached properties they have a large range of properties for you to chose from to ensure that they will always be able to help you find the perfect property you have been looking for through their bespoke online service. The way they will help you to locate the perfect property is by combining their latest technology and local expertise to help locate the perfect home in your chosen area, so that you will have a brilliant way to locate properties. Also, at each stage of your purchase they will offer their expertise and advice from legal work, negotiations, and finding a good mortgage deal, plus actually locating the perfect home for you.


This service will be available online and over the phone, with them offering their services 24 hours a day to ensure that they can offer their services when its at the best time for you. Open House's staff  are NFOPP qualified and have a knowledge of a range of areas to ensure that they can apply those expertise in a way that in beneficial to helping you locate the perfect home. On a national scale Open House's data base can help you look at properties on a national scale to allow you the chance to find the ideal home in the location or area that is perfect for you. Advice will always be offered on matters like realistic budgets and the price range of properties you should be looking at to make sure that you can utilise their service effectively. They can also offer a range of property related services tailored to your personal requirements including; mortgage advice, insurance, conveyancing and removals, in order to ensure they can offer a truly bespoke service.

To find out any further information about Open House's services please click here to browse or sign up to their website. 

Help For First Time Buyers | Open House

Summer is the perfect time to sell your property. Open Housing both give you the chance to buy and sell your property as it aims to offer a site that can cater to all in the property market. Based in the Uk they can cater to all as they can show properties in all different areas as they aim to show property in every area of the UK. Whether you’re an experienced property hunter, relocating, or looking for your first rental home; Open House online estate agents has helped all kinds of tenants to find a property to suit their individual needs and lifestyles. So, why not come and use Open Houses search system and find the perfect property in your area today with their innovative and brilliant property market place today and find the home of your dreams.

From first time buyers to property developers they will aim to cater to all with their service, in order to make sure that everyone is happy with their service overall. Unlike some other high street and online estate agents, providing a high quality service is their top priority; so if you need some advice about buying house or arranging a mortgage, they will be more than happy to help with their vast knowledge about the property market. They will also offer services such as services tailored to your personal requirements including; mortgage advice, insurance, conveyancing and removals. Open House aim to help all sellers, buyers, first time buyers, landlords and many other people to make sure that they can offer their service to all.


Here is a testimony from one of their previous clients:


Sarah Button: '' As a first time buyer me and my husband were worried about buying our first property together. But with the fantastic help from Open House I was able to find the perfect home and at a reasonable price, as they were able to keep me below my original budget. Overall, Open House was able to make me very happy with their service and i would highly recommend them to any first time buyers.''


For any further information please click here.

Top Tips on Buying a Home

Today's property market is very competitive and difficult to enter, which is why Open House has some crucial tips to help you on the search for your perfect property. As a large online estate agent they have a network that will allow you to browse through a selection of properties in a chosen area of your choice from across the UK. They offer their service on a national scale as Open House lists properties in all areas for their clients to chose from, whether selling or buying a property Open House can offer their expertise and advice as a bespoke estate agency. For any advice on buying and selling properties, Open House will be able to offer their expert advice to ensure that you have the best possible and honest advice possible. The staff at Open House are very experienced in the field and have worked as estate agents for many years, thus allowing them to offer these expertise to their clients.



Here are 5 Helpful Tips from Open House:

• Mortgage is Available- make sure you are able to get a mortgage for when you purchase a property and have enough money for a full deposit on the property. Estate agents will not normally take an offer without proof that the clients has their finances in order, thus they need proof such as a bank statement, a letter from your solicitor or lender.

• View all the properties you can- often a property might not catch your eye on line but when you go and view the property you can be amazed at the difference, Open House highly recommends viewing a property before dismissing it or purchasing it to ensure you are confident on your decision.

• Get a survey- if purchasing a home that is much older or run down it may be worth paying a little extra to get a home buyer report or survey done to ensure you are aware of any issues with the property. A simple survey can ensure that you know exactly what type of property you are purchasing and understand it pose and cons.

• Have an extra budget- buying a property can often be expensive due to solicitors costs, mortgage costs and even survey costs which all add up over time to equal a large sum at the end of your purchase. Often this can lead to a much larger cost than you initially thought, thus it can be wise to have a an extra budget available.

• Research the area- make sure that you fully understand the area that you are buying a property in to make sure that its an ideal area for you. Open House suggests that you check local crime rates, job opportunities, good schools, local services and other factors like good transport links that are important when considering a home to purchase.

For any further information and advice on buying or selling a property and to find out more information  about Open House's service please click here.