![]() ![]() “The North West of England is an area that has particular supply and demand imbalance, with Liverpool and Manchester two of the leading cities for property demand – causing a rise in value. He explained: “Despite a general cooling, LRG is continuing to see house price inflation in the North West and we expect to see continued housing price growth in the region for the rest of the year. Shaw suggested the property market in the North West is set to flourish. We expect to see people who are looking to buy or those looking to re-mortgage in the next six months try to secure a mortgage rate as soon as possible to avoid further rate increases this year.” ![]() ![]() “When interest rates change, it always creates a flurry of new applications, leading to a backlog that can take weeks to clear. This summer’s further interest rate increase to 1.75% − the sharpest for more than a quarter of a century means mortgage lenders will once again increase their rates. Shaw predicted a rush to mortgages, adding: “Mortgage interest rates have been rising quickly in 2022 off the back of five increases to the Bank of England base rate. We expect slower growth, but no significant fall over the medium or long term.” “Given the Bank of England interest rate hikes, higher mortgage rates and the cost-of-living crisis impact on home buyers, house price growth looks to remain relatively static for the remainder of the year, with the cost-of-living crisis likely to impact the number of homes being sold. He adds: “Although we won’t see rapid rises or huge slumps in pricing in the remainder of 2022 we do see the signs of a levelling off of housing prices. However, Shaw does acknowledge that growth will remain static. As Halifax has noted, the ongoing supply-demand imbalance led property prices to rising year on year in June by 13%, the highest since late 2004.” “Following the stamp duty-led home-moving frenzy of 2021, there's still a striking mismatch between supply and demand of properties, with housing stock at a particular low. Happy to take out this review as soon as I receive my deposit.“In fact, Zoopla’s House Price Index July 2021 figures show that property demand still remains 25% above average over the last five years, on a par with year-on-year figures. ![]() If I don't get my deposit back I guess I will just have to publish everything on here from what happened between the time I was living there, as I have videos, pictures of EVERYTHING, including other neighbours as well that are willing to write a review sharing how they were left with no electricity (without any notice) in the middle of winter and forced to move out asap. The worst part is, with all the problems for the last 3 months that I was there, I left the house in such a better condition from when I received it and they are trying to take money from the deposit. I asked how long it would take to get my full deposit back as it was promised on the phone (I have videos of it) and Victor said it would take 10 days. I had the worst time in that place, couldn't use electricity as it could burn the house for the last 2 months that I was in there, contact the agency to see if they could reduce the rent as I was paying for something that I was not getting and the answer was no and that we would have to move out. I've been trying to get my deposit back since we left and that's been more than 4 months. I didn't want to get to this point where I needed to leave a bad review as I've never done this before. ![]()
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