Manchester Mortgages in London

Manchester Mortgages are a firm of independent mortgage brokers and advisors based in Greater Manchester, who also provide mortgage advice and brokering services for people and businesses inside London.

Manchester Mortgages are currently involved in arranging mortgages in the Spitalfields area of London. Close to the City, Spitalfields is in the heart of London’s east end and is popular with artists, musicians and other creative types of people. Offering a busy and diverse community, housing sells fast and prices are increasing.

Manchester Mortgages have found that one of their big strengths in providing mortgage brokering in London is the speed of their service. Where most banks and high street lenders can take up to three months to process and mortgage offer, Manchester Mortgages can often process a deal in 2 days, and sometimes the same day. There has been more that one occasion where a mortgage has been applied for in the morning and given the green light by the afternoon, allowing the client to make an offer for a house the same day.

I wrote in a previous article how Manchester Mortgages were arranging mortgages for some Crest Nicholson developments overlooking the river Thames. I’ve heard nothing but great feedback from the people using their mortgage brokering services, and many have said that their professionalism put our London mortgage advisors to shame. Manchester Mortgages are on 0161 706 0242.

London house prices fall

In 2018 so far, London has seen a large drop in the value of housing property according to this article in The Guardian. Whilst price volatility in central London has reduced, prices in South and West London continue to fall.

It’s interesting to note that the herd mentality see house prices falling as a bad thing. But really, unless you’re a millionaire, no one can afford to live in London. The many millions of people who do live in London live in very difficult circumstances – families have to have both parents working full time just to afford the rents and mortgage repayments. And then there’s their kids to clothe and feed as well.

Known as the gentrification of London, many people have gotten so far into debt trying to stay in London that now they can’t afford to move out and they can’t afford the stay either.

Really, what’s the point? What’s the quality of life for people in situations like these? It’s a mad world where people are prepared to slowly kill themselves through stress and poverty just to satisfy a corporate agenda they never created in the first place.

a London house