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Rate rise won’t dampen housing market, says Sequence

Sequence estate agency says the interest rate rise will not dampen activity in the housing market.

David Plumtree, operations director of Sequence, which has over 300 estate agency branches throughout the country, says: “In historic terms interest rates are very low and we see this latest rise as a precaution as house prices have increased more than many people predicted at the beginning of the year.

“For the past two years interest rates have only gone up half a percent, which has offered buyers the perfect stable platform to move home, and I see no reason why this will change in the near future.

“House sales are up 23% on last year and I don’t expect this slight change in interest rate to discourage people from moving.

“We have plenty of buyers looking at the moment, in fact when you compare our figures with last year we’ve got over 50% more people registering with us – generally the problem is we don’t have enough properties to sell to satisfy the demand from buyers.”


Amber releases new products

Amber Homeloans has launched several new products throughout its range.The new offers range from near prime through to super heavy adverse, as well as the buy-to-let, adverse buy-to-let, and prime self-certification ranges.The heavy adverse is available up to 85% LTV, with two-year discounted rates. Up to £15,000 CCJs, and four missed mortgage payment in the […]


Dear Delia Alan has owned a manufacturing company for 10 years. He has been trading profitably and requires larger premises. He wishes to buy rather than lease as he does at present.

Base rate decision hangs in balance

In the face of mounting media speculation, Bank of England governor Mervyn King last week claimed that the outcome of this Thursday’s Monetary Policy Committee meeting is not a done deal. Try telling the pundits that. Most seem positive that a 25 basis point rise is a certainty and that the market will be under […]

House prices rise 1.7% in October

Halifax’s monthly price index has revealed house prices rose by 1.7% in October. There have, however, been indications of a weakening in activity at earlier stages of the house-buying process, suggesting that house price inflation may slow in the coming months.The latest RICS survey shows signs of a slowdown in activity with virtually no change […]


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