crystal ball housing market

There’s No Crystal Ball

Should you buy now and squeeze a mortgage application in before the stamp duty holiday finishes?

The Buy To Let rates are great at the moment – is it a good time to invest?

Do you think I should take a fixed rate?

How long with the SVR stay as it is?

Like I said there is no crystal ball. Applying for a mortgage is like making a risk based decision – you have to make the right decision for you at the time, with all the information you can get.

I remember (back in the day) when the mortgage rate went to 15% – it was a scary time, but then 20 years later it’s as low as I ever remember.

Everything is cyclical and you have to make the best decision for you and your family with the information you have.

Over time property always holds its value. But remember it is your home so unless you can downsize you rarely actually realise that actual value – as you have to live somewhere!

So before you get sucked into the hype and the panic buying before the stamp duty holiday finishes in 6 weeks time – take a moment, assess your needs and make the right decision for you and your family.

If you need to talk through your options call me on 07969 859749 and let’s chat!

Rachel x

** Think carefully about securing a mortgage against your home. Your home may be repossessed if you fail to keep up with the mortgage payments

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