Barclays’ mortgage arm Woolwich has today launched a market-leading 90% loan-to-value mortgage deal for borrowers buying a new property from UK homebuilder Bovis Homes. The deal is a two-year fixed rate at 4.99%, with a £999 (US$1,455) fee, which then reverts to a lifetime tracker of bank base rate plus 2.49%.
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With rapid change in the industry, real estate agents can choose to fight for the status quo or they can evolve and adapt, HousingWire Columnist Dustin Brohm writes.
Last December, home prices climbed by 4% from the previous year, according to CoreLogic. By the end of this year, the company projects they’ll increase by 5.2%.