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Stewart Douglas
Mortgage Advisor at Constantia Mortgages
Stewart Douglas, Mortgage Advisor at Constantia Mortgages
Stewart Douglas is an experienced mortgage adviser specializing in residential and buy-to-let mortgages at Constantia Mortgages in London.12 He has been helping clients navigate the complexities of mortgage arrangements since 2014.6
As a mortgage adviser, Stewart assists clients in identifying suitable mortgages that meet their needs and overcome various hurdles in the process.3 His clients have praised him for being friendly, clear, and effective in his communication, and for providing premium service.4
Stewart's technical and financial knowledge rank him among the best in the industry, and he is known as a truly exceptional team leader.5 At Constantia Mortgages, he is part of a team of experienced advisers who are qualified, competent, and dedicated to providing the best possible advice to their clients.2
Highlights
UK house prices are forecast to fall by 10% from the fourth quarter high in 2022, data from the Office of Budgetary Responsibility (OBR) reveals. This represents a one percentage point larger fall than the OBR’s November forecast.
Meanwhile, data found that property transactions are expected to drop by 20% relative to their peak in the same quarter.
Leading indicators from Halifax and Nationwide suggest that house prices have already fallen by 3% to 6% between their peak in the middle of 2022 and February 2023.
The main contributors to the falls in house prices and reduction in housing market activity include low consumer confidence, the squeeze on real incomes, and the expectation of mortgage rate rises to come.
Yesterday, chancellor Jeremy Hunt announced the OBR had said the UK would “not enter a technical recession this year”.
In his Spring Budget speech, Hunt said hanging international factors, along with the steps the government has taken, have worked to prevent a recession.
The OBR has forecast a fall in inflation from 10.7% in Q4 2022 to 2.9% by end of 2023.
“We are following the plan and the plan is working,” said Hunt. The prime minister’s overall aim is to return inflation to the Bank of England’s 2% target.
We are looking for an ambitious person, experienced or inexperienced, to join our mortgage practice and climb through the ranks to become a mortgage or financial advisor. Please message me if you’re interested.
