Cheapest home mortgage deals in northern seaside towns
A new review of the mortgage market has found that the lowest house prices for properties on the coast are in the north.
A new survey has found that those looking to take advantage of cheap house prices in UK seaside towns in order to lower their mortgage costs should look towards those in the north of the country.Conducted by home mortgage lender Halifax, the survey of the house market showed that the cheapest properties could be found in the Cumbrian town of Whitehaven, nearby Maryport and Withernsea in East Yorkshire.
Sandbanks in Dorset received the dubious honour of having the most expensive houses in any UK seaside town, which could mean that residents are paying more on their home mortgage.
Nitesh Patel, housing economist at Halifax, said: "Property in many seaside towns continues to trade at a premium compared to England and Wales, due to the desire of many people to live near the coast."
First-time buyers looking to take out their first home mortgage may want to act quickly, according to Nationwide, which recently found that house prices have risen for the second time in three months.
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