Buying a home can feel a little overwhelming. Whether you’re stepping onto the property ladder for the first time or considering a move in 2025, the housing market throws up a lot of questions. Is now a good time to buy or sell? What kind of property should you go for? Can you afford it, and if so, how much should you really stretch?

At Riviera Mortgages, we’ve been helping clients answer these questions for over 30 years. We know the market, we know the local area, and above all, we understand how bewildering it can all feel at the start. So here’s your friendly, no-nonsense guide to what’s happening — and how we can help.

What’s the Latest on the Mortgage Market?

The good news is that mortgage rates are gradually improving. After the volatility of the past couple of years, interest rates are starting to settle. Fixed-rate deals are becoming more competitive again, and lenders are slowly loosening their criteria — especially for those with strong credit and a decent deposit.

We’re also seeing more tailored products on the market, such as green mortgages and fixed deals with flexible repayment terms. The key is knowing what’s right for you — and that’s where our mortgage advisors can really make a difference.

How Do I Choose a Property That Suits My Lifestyle and Budget?

It’s tempting to start browsing homes online and fall in love with a house before checking the practicalities. But we always advise starting with your budget and lifestyle needs.

Ask yourself:

• Do I want to be close to work or schools?
• Is outdoor space a must?
• Would I rather live centrally or in a quieter spot?

Once you know your budget and priorities, you can make a realistic shortlist — and avoid getting your heart set on something that stretches you too far.

Is There a Good Choice of Properties Right Now?

Yes — in fact, stock levels are up. Following a busy post-pandemic period, the market in areas like Torquay is more balanced. That means more properties to choose from and less pressure to rush into decisions.

There’s a particularly strong supply of terraced homes, which are popular with first-time buyers and small families thanks to their affordability and central locations.

Should I Buy the Most Expensive House I Can Afford?

This is a big question. Some buyers feel the need to “max out” their mortgage and buy the most house they can get. But stretching your finances to the edge doesn’t always leave much room for the unexpected.

Instead, consider the value of breathing space — especially with interest rates still adjusting. A smaller mortgage can mean more flexibility and less stress.

Alternatively, you might look at a doer-upper — a home with potential. While it may need a bit of work, it can offer added value in the long run, giving you the chance to build equity over time and truly make it your own.

Is It a Good Time to Be Selling?

If you’re on the other side of the equation, the market remains strong for sellers — especially if you price sensibly. With steady demand and more buyers ready to make considered offers, homes that are well-presented and realistically priced are selling well.

A stabilised market often favours well-informed, motivated buyers and sellers — exactly the kind we work with every day.

This Is Where Riviera Mortgages Comes In

At Riviera Mortgages, we’ve built our business around making the complicated feel straightforward. Whether it’s:

• Finding the right mortgage
• Referring you to a trusted conveyancer
• Sorting life, income, or property protection
• Or simply explaining how it all works…

…we’re here to help, under one roof, with a team who care about getting it right for you.

We’ve seen every kind of market, every kind of buyer, and every kind of question. So if you’re feeling a little bewildered — you’re not alone. And you’re in the right place.

Get in touch today for honest, helpful advice — and let’s take the first step together.