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5th October 2018
With Brexit negotiations still underway, affordable mortgage rates abound and property in high demand, could now be the right time to make your move? We reflect on the last few months and give advice for the future.
In September, the Bank of England governor, Mark Carney, commented that a no-deal Brexit could see house prices drop by 35% – but how would his ‘worst case scenario’ really affect Brighton & Hove? We give our expert take:
The days of sky-high mortgages and negative equity are a distant memory, as we continue to enjoy a time of stability and affordability. Mortgage interest rates remain low – even with the recent Bank of England interest rate increase to 0.75% – with plenty of mortgage options for first time buyers and second steppers.
We all like to feel we’re getting the best possible deal – particularly when it comes to selling our home. But, the key to selling in the current climate is to be a realist.
By setting a fair asking price, you’ll not only attract more buyers, but achieve a price that still allows you to take the next step. Take note of other homes selling on your street. Is yours of a similar size and quality of finish? If so, position your own home competitively. For a professional valuation, contact our office and talk to one of our friendly team.
Whether it’s moving into school catchment zones, downsizing or relocating, we believe your lifestyle should guide your next step – not Brexit. With mortgage interest rates low and the demand for property in the area showing little sign of slowing, finding your new dream home might be easier than you think.