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Property Market in Cromer

Originally a fishing town, Cromer still thrives from the trade along with the tourism from its resort location and popular beaches. Cromer has a great selection of new, highly desirable retirement flats, quaint fishermen’s cottages and traditional Victorian terraces reflecting on its old heritage. 

The majority of sales in Cromer during the last year were flats, selling for an average price of £166,079. Sold prices in Cromer over the last year were up 7%, Cromer, with an overall average price of £221,351.

Source: Rightmove House Prices in Cromer, Norfolk

Cromer Mortgage Advice

For mortgage advice in Cromer, contact Nicola Arbon our mortgage specialist. Whether you're a first time buyer, interested in remortgaging or considering a buy to let, contact The Mortgage Hut Cromer for all the mortgage and insurance advice you need.
Nicola Arbon

Nicola Arbon

Managing Director

Nicola has over 12 years of experience working in high street banking and has recently joined The Mortgage Hut team. She has a great passion for reliable customer service and her previous experience allows her to apply this to her role as a mortgage adviser. Outside of work Nicola enjoys travelling and spending time with her family.

First Time Buyer Mortgage in Cromer

The Mortgage Hut are experts at giving help and advice to first time buyers who have little or no experience of the property market. First time buyers usually have a lower deposit than other buyers and are often penalised for this. 

The Mortgage Hut can help first time buyers in Cromer fully understand your options and help take that first step onto the property ladder.

Help to Buy Cromer

Cromer offers a range of new build houses that are available on the Government's Help to Buy scheme. If you are eligible, you could purchase a new home with just a 5% deposit by using an equity loan or mortgage guarantee from the government - perfect for those trying to get on the property ladder.

Another option for those unable to borrow a large amount is a shared ownership. By purchasing a share between 25% and 75% of a new build property, you can then purchase further shares later down the line when you can afford it. The Mortgage Hut can help if you are looking for a Help to Buy property in Cromer. 

Remortgaging Your House in Cromer

There are usually two main reasons to remortgage your home:

  • Your current deal is coming to an end - When you reach the end of your current fixed / tracker deal you will go back to your lender's standard variable rate (SVR). This may result in an increase in your interest rate and monthly mortgage payments.

  • You want to release equity from your home - The Mortgage Hut can help assess whether it is possible for you to release some of the money in your property which could help towards home improvements or repairs. We can assist you in weighing up any legal, valuation or arrangement fees and ensure that the new mortgage payments are affordable for your individual circumstances.

The Mortgage Hut have access to over 90 lenders with over 11,000 products that may not be available on the high street. The Mortgage Hut can help you if you are interested in finding out about remortgaging in Cromer to release money from your property. 

Cromer Buy to Let

Buy to Let mortgages are designed for those purchasing a property to rent out. Cromer offers great potential for those looking to invest in a buy to let property with a range of affordable flats and houses on the East coast. 

Perhaps you already own a portfolio of buy to let properties in Cromer and are thinking of expanding it? When it comes to getting a mortgage for your property, let The Mortgage Hut do the searching for you, we will search for the best buy to let mortgage deal on the market.

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