Brexit & Mortgages
With the October 31st Brexit deadline behind us, it has us wondering what the next move is for the country. With everything up in the air and uncertainty becoming the norm, it can be hard to find reliable advice about anything, including mortgages.
The Property Market and Brexit
When it comes to property, many people have been sitting on their hands deciding which is the right path to go down. This has potentially resulted in them missing out on golden opportunities which could have benefitted them in the long-term.
Due to previous experience of how the market has been influenced by external factors like nationwide political issues, our Mortgage Advisors are looking towards the future to evaluate the potential outcomes for customers post-Brexit.
In our view, it feels like there is lots of pent-up demand out there at the moment.
Based on this, we are advising our clients to at least get the full scope of their options. Especially if their current plan is to wait and see because it may not work out in their favour.
You Should Be Planning Ahead, Brexit or No Brexit
If you’re planning on moving to a new house in 2020, then it would be advisable to have a chat with us sooner rather than later. Now is the perfect time to reach out to us and possibly get your home valued because Estate Agents are quiet.
Getting your home prepared for sale and on the market typically takes a few weeks. Why? Because you should factor in time for 2 or 3 valuations, choosing your preferred Estate Agent, signing your agency agreement and getting the photos finalised. This is all a lot of work and could be delayed at any stage.
Furthermore, if everyone else has the same “wait and see” mindset, it will work against you.
By the time your home comes on the market in the new year – so will theirs. This means there are more houses on the market, which means there are more options for a potential home buyer, therefore driving prices down.
There a few benefits to getting ahead of the market and getting your home valued now.
- You’re prepared. Whatever happens with Brexit, you have all the information there available at your fingertips.
- There’s no obligation. By getting a valuation, you’re not committed to anything. The decision to sell is all yours.
- Improvements can be made. If you know the figures and the feedback regarding home improvements, you can decide what to carry out and you’re in no rush.
So, if you’re thinking of moving home in 2020 or the near future but are concerned about Brexit, contact us to discuss your mortgage options. We offer all customers a free no-obligation consultation.