11 Jan New Year, New Home
New Year, New Home
The beginning of this year has been one of the busiest ever starts to a new year for the property market as hundreds of home buyers race for more space.
With lockdown and home working continuing, many homeowners want move to larger properties or remortgage and expand. Extra space has become non-negotiable for family living whilst home schooling and home working.
On the flip side, Divorce Day officially fell on Monday 4th January, and the coronavirus pandemic is set to play a major part in people deciding to go their separate ways and file for divorce. Job worries, financial strains, health concerns, lockdown and the inability to access support from family and friends have all contributed to an incredibly tough 12 months and forced some couples to re-evaluate their relationships.
With the extra incentive of the stamp duty tax break, many have started the new year with plans to move home.
As people start to make new year plans to move, Rightmove property website searches are 30 per cent higher from 2 January to 8 January 2021 than in the same time period last year. Furthermore, the numbers of people making contact with estate agents concerning the purchasing of a property are 11 per cent higher than the first week of 2020, and for those looking to rent a property, up 22 per cent, according to Rightmove.
At Howard Mortgages, January is usually one of our busiest months of the year as people start to make new plans. It’s been reassuring that despite the year starting with so much change and uncertainty around restrictions, those people hoping or needing to move are still contacting us for advice.
Why seek professional mortgage advice?
It is very important to seek professional mortgage advice to suit your personal circumstances and financial wellbeing. Our mortgage experts then will do the hard work for you to recommend the best product to suit your requirements. If you would like to find out more, we offer an initial appointment at no cost or obligation to explore the options which can be done remotely via phone or video call such as Zoom or Skype.
Speaking to a professional mortgage adviser that works with many lenders is imperative. For advice on the right mortgage to suit your personal circumstances, please contact the team at Howard Mortgages on 01803 554455 or contact us here.
Your home may be repossessed if you do not keep up repayments on your mortgage.