The simple answer is, no one really knows, but, in typical media fashion, they’ll be speculation, stories made up with no worry about consequence and as soon as one story becomes boring they’ll move on like locusts looking for the next one to devour.
Maybe the more prudent thing to do is report news, after all isn’t that what newspapers are for, tell me what’s happening and why, report it to me, give me the facts so that I can make up my own mind.
So, I thought I’d give you some news and of course, leave it to you to decide what’s best for you to do. So here it is, Property, the facts. The market is busy! The Government have made a good decision regarding stamp duty making it cheaper to buy houses, Building Societies aren’t sure what to do about interest rates, but there are still some very good fixed rates around. If you’re on a variable rate speak to a financial advisor, they may be able to save you money, they don’t charge very much and it doesn’t take long to sort out. There are people out viewing houses, there are houses coming on the market and there are houses selling. All in all, I think things are ok.
I don’t know how long this is likely to last and there are rainclouds ahead in the shape of the end of furlough on 1st October, Brexit at the end of the year and a second, third or fourth spike of coronavirus. All or none of these may materialise as a problem, we can only deal with them as they come along. As a small independent business, we’ll hope for the best and plan for the worst. We are more able to move quickly or change direction as the need arises. We’ll leave the speculating to the media and in the meantime, we’ll do the best we can for our clients and try to put as much money as possibly back into the economy.
If you looking to move or would like us to recommend a mortgage advisor please contact one of our local offices.
Mike Ellis
