Help to Buy fuelling ‘hyper’ housing market

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“House prices continue to rise mainly due to supply constraints.”

“It is welcome news that private sector house build starts in England recently increased to the highest level since 2008, however it will take 18 to 24 months between getting these properties out of the ground and for someone to move in.”

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House prices up £2,500 in a month as momentum is building

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Nicholas Ayre, managing director of homebuying agency Home Fusion, said: “What helps is cheap mortgage rates and the increasing willingness of lenders to lend. Now buyers are thinking that if they apply for a mortgage they are more likely to get it.

“Many buyers have delayed a move for years because of the dire economic situation but many have had enough of waiting and are ready to make a move, assuming they can find the right property.”

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