Buyers need to sharpen up as mortgage approval rate continues to fall

5th November 2014

As house prices continue to rise, it may come as a shock to house buyers that the number of mortgage approvals in the UK has continued to fall, according to new figures released by the Bank of England.

As interest rates start creeping upwards, homes for sale are becoming scarcer. Cautious lenders are using new measures to keep lending activity in check and avoid repeating the mistakes of the past.

According to Julie Tomasik, head of residential conveyancing at Ansons Solicitors, “aspiring house buyers should be keenly aware of getting the best team of advisers behind them to present themselves as the best option to sellers and make sure their purchase runs smoothly in this highly competitive market.”

The residential conveyancing team at Ansons Solicitors takes care to make sure you are ahead of the game with your house purchase, coordinating with your lender and the sellers to provide a quick and seamless response when you have found your chosen property.

With excellent relationships with all the local estate agents and authorities across Staffordshire, our conveyancing lawyers can help you get the best deal in the housing market. Our specialist residential conveyancing solicitors can assist you whether you are a first time buyer, seller, when buying to let, remortgaging or if you need to transfer equity after a divorce or separation.

Whatever your situation you can count on our expertise in residential property law and our knowledge of the market in the Cannock, Lichfield and the surrounding parts of Staffordshire. By staying on top of your needs with a fast response we will continue to provide the best conveyancing services.

For more information on our conveyancing services, contact our head of department Julie Tomasik on 01543 267988 or email