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Interest rate reduction sparks optimism as housing supply rises and market activity gains momentum.

The UK housing market is gearing up for a robust period, with signs of increased supply, heightened activity among buyers and sellers, and a fresh wave of confidence sweeping across the sector.

Following a recent reduction in interest rates, market conditions are becoming more favourable for the property market, with Gateway observing a notable uptick in enquiries and movement within the market.

Autumn renewal

Industry experts predict that the confluence of rising housing inventory and renewed market confidence will set the stage for a busy few months ahead.

Buyers, who had previously held back due to rising mortgage rates, are now re-entering the market, while sellers are responding to the demand with new listings.
This dynamic is expected to drive significant momentum for the housing market throughout the autumn.

According to Rightmove’s September House Price Index, a window of opportunity for Autumn presents itself, stating:

• The number of sales being agreed is up by 27% year on year, a strong rebound compared with last year’s more subdued market as pent-up buyer demand is released.
• Homeowners are more confident to come to market, with the number of new sellers up by 14% on this time last year, and the average number of available homes for sale per estate agent at its highest since 2014.

At Gateway Legal, we're proud to combine outstanding legal knowledge and proactive, expert assistance to all our clients. Our team of highly skilled solicitors are on-hand to support you with your property challenges.

We advise businesses, landlords and tenants on several commercial property related issues, including alterations, dilapidations, rent reviews, and lease renewals or terminations.

We also support residential property, assisting leaseholders, freeholders, Right to Manage Companies and Residents’ Management Companies in a wide range of property matters, such as lease extensions, enfranchisement, residential property disputes and tribunal proceedings.

Our experienced team are committed to providing you with the highest level of professionalism and expertise throughout your legal journey.

We are excited to announce the official launch of @GatewayFinancialAdvisors on Instagram!

At Gateway Financial Advisors, our aim is to keep things as simple as possible. We will take the time to understand what's important to you, and tailor our advice around this. We provide mortgage advice from all the major lenders, meaning we do all the legwork, so you don't have to.

We are thrilled to extend our hand and service by growing our online presence and community with helpful content we know our clients and new viewers will enjoy and value.

What you can expect:

• Market Insights: Stay ahead with timely updates on market trends and economic news from top news outlets such as Rightmove, The Financial Times and more.
• The Gateway Financial Advisors Team: Discover what our team is up to, as well as updates within the company and quotes from us.
• Expert Financial Tips: Practical and expert advice from our very own in-house experts.
• …and much more!

Head over to our Instagram page today and follow our Financial Advisors team!