The monthly mortgage borrowing increase is at a five-year high as the UK’s love of property continues.
It is heartening for all of us in business, and indeed the nation as a whole, to see consumer confidence helping boost our economy.
News in recent weeks that mortgage borrowing is at a five-year high is further reason for us to feel thankful as the not-so-distant memories of the credit crunch still makes many wince from time to time.
Figures from the British Bankers Association showing August 2015 as being the best month for lending since August 2010 adds fuel to our belief that the public is now very keen to put money in bricks and mortar again.
With interest rates still so incredibly low and lenders now more flexible than they have been for a long time, it is little wonder that the British love of property still burns brightly.
Being a law firm that oversees the legal work involved in the sales and purchases of property, we have noted the improvement for a while and this latest good news seems a sensible time to remind the public that they need to ensure that the conveyancing work is high quality.
It is irksome to us in the profession that this is one of the most complained areas of law, but it doesn’t surprise us.
Sadly, many of the public look no further than the cost, not thinking of getting the job done right and what the consequences might be if the work isn’t carried out correctly.
Good conveyancers find out all the issues early on, keep the client informed all the way through the process, and help alleviate the stress associated with what is nearly always the most expensive acquisition in a person’s life.
We have all heard horror stories about how someone is already choosing the curtains and looking at colour charts, only to find out at the last minute that something has gone drastically wrong and they are left devastated.
In the big scheme of the cost of buying a home, good conveyancing is little more than loose change, but it is unquestionably money well spent.
Good law firms are regulated by the Solicitors Regulation Authority which demands quality.
Long may the confidence in property continue and we hope if you are soon to be house hunting you take note of our good advice