Now is the best time to get a mortgage

Now could be the best time to pursue a property with a mortgage thanks to low interest rates and low stock of homes for sale, Choice Finance argues.

Typically in the winter months there is a lull in the housing market due to Christmas expenses and unfavourable weather, making it easier to negotiate a sale under the asking price.

Matthew Pennell, managing director of Choice Finance, said: “Lenders have really tightened up their approval process, but you can use the ebb and flow of the market to your advantage.

“House sales get more sluggish the closer to Christmas we get, so those looking to buy soon could clinch a better deal in the weeks ahead.”

The Royal Institution of Chartered Surveyors reported that the number of properties for sale was at a 40-year low in July.

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