With Brexit looming and continued funding cuts from central government, there is no denying that the last few years have been difficult for the housing sector. That being said, in light of recent announcements the industry is set for a much more positive year in 2018, and this is being driven by a number of different factors.
You may have noticed the announcement in November’s budget, Mr Hammond has extended an olive branch to younger voters by removing stamp duty on the first £300,000 of any home that costs under half a £million. The Treasury estimates 80% of first-time buyers will pay zero stamp duty altogether; saving the average person purchasing a £210,000 property roughly £1,640 in stamp duty.
The announcement forms part of a wider package of policies aimed at easing the housing crisis and helping younger buyers, this in turn has created a swarm of new planning applications from developers looking to capitalise on the situation.
Some of the funds being channelled into house building will include;
Price growth across the nation is expected to be 1% in 2018, reaching 14.2% cumulatively between 2018 and 2022. Guy Robinson, Head of Residential Agency at Strutt & Parker, explained that despite the slowdown in UK house price growth, the residential market remains active, and that the best performing locations in the UK property market this quarter have been in the South West and the Midlands, which are experiencing growth above the national average.
This week, short / medium term housing development in Bristol has hit the national media. Local transport consultant, Peter Weston, has said that “over the next 20 years Bristol is set to have another 100,000 houses built.”
Such is the scale of Bristol’s growth strategy; our elected Mayor has gone on record to say that three underground metro lines will be delivered “within 10 years.” The present transport systems in the city simply isn’t capable of sustaining the level of housing growth anticipated, so much so that Mr Rees has recently visited business leaders in China to drum up potential investors in the scheme.
So what exactly does this mean to you and what effect will it have on the job market in Bristol?
Well, if you’re looking to get onto the housing ladder for the first time then now is the perfect time to start looking. On the flip side, the rapid development of the local housing sector is already creating a number of exciting and highly rewarding career opportunities for trainee and experienced Mortgage Advisors in and around the South West.
We are pleased to say that we are already working with a selection of market leading, progressive and ambitious Mortgage Advisors / IFA’s in the South West. We are actively looking for people now and going into the New Year, and it’s safe to say that anyone interested in the opportunities on offer has an exciting 2018 to look forward to.
We would love to speak with bright, ambitious and personable individuals; anyone that is interested in developing their Mortgage career and working with our clients to provide a 1st class mortgage advice service to their customers.
Mortgage Advisors (North Somerset) – Fully CeMap qualified (1,2 & 3), previous mortgage advisory experience for a min of 1yr + signed off at competent advisory level. Will suit someone travelling from Bristol/ Somerset/ Wales or Nailsea / Portishead in particular. Salary c£28-32k + COMMISSION.
Mortgage Screeners – Opportunity for a fully CeMap qualified individual looking to step into a Mortgage Advisory position in the future. Based in North Somerset – you will be the first point of contact to qualify new mortgage applications for our client. Salary c£24-28k DOE.
Mortgage Advisors (Bristol) – Fully CeMap qualified (1,2 & 3); previous mortgage experience not necessary, but customer service and evidence of working in a targeted sales role essential. Based in the city centre with fantastic benefits, our client are offering a competitive salary + commission, as well as extensive training.
Trainee Mortgage Advisors – Needed in Bath; individuals with strong educational background and the ability to step into an intensive training period with our client. You will be an ambitious, customer focused individual with previous sales or customer service experience ideally. You will have strong Maths and English qualifications. This is an opportunity to gain your CeMap qualification fully funded by our client. Salary c£18-20k + COMMISSION.
We’re available all over the Christmas period so please get in contact. If you’re looking for a new challenge in 2018 or are simply interested in hearing what options are available then we’d welcome your call.
Have a great Christmas from everyone at Cute.