Hampshire Trust Bank comments on ONS Private Rent and House Prices data

14 August 2024

Alex Upton, Managing Director of Specialist Mortgages, Hampshire Trust Bank:

“The latest ONS figures highlight the positive momentum in the housing market, marking the fourth consecutive rise in house prices. This trend reflects the strong demand from buyers across various segments.

“We are seeing great appetite from investors, whether they are looking to hold onto the property as a buy-to-let or sell it on after carrying out refurbishment work. While the market has become more challenging for amateur investors, seasoned professionals are well-positioned to capitalise on these opportunities.

“It’s crucial for these investors to have certainty over their funding. This goes beyond just speed; it’s about ensuring that lenders deliver on their promises without shifting the goalposts. The best lenders distinguish themselves not just by their rates or speed, but their consistency and reliability.”