A HOUSE builder with properties in Ellesmere Port says the Bank of England’s decision to cut the interest base rate has prompted a dramatic surge in sales.
Morris, one of the UK’s leading independent building firms, says people now feel more confident about committing to a mortgage, with average payments reduced by around £100 a month following the cut.
The company currently has three properties remaining at its Parkgate Place development, off Mellock Lane, Neston, starting from £279,000.
They include a three-bedroom bungalow, a four-bedroom detached house and a detached ex-showhome with many of the fixtures and fittings coming as part of the price.
Chris Minshall, regional sales manager for Morris, said: “In the week following the rate cut we saw a significant sales increase and noticeable increase in enquiries from people now looking to buy.
“People now feel more confident to buy.
“They know that they can get homes for a good price after the recent downturn and now feel that the monthly mortgage costs are within their reach.
“Anyone buying from Morris will also be put in touch with an independent financial advisor to help them make sense of the changing mortgage market and identify the best deal for them.”
And for those who are dependant on securing the sale of their own home before considering moving, the house builder says it can offer a part-exchange scheme to help facilitate any sale.
Morris says it will also tailor offers to help buyers achieve more for their money.