BREXIT - Advice from Money Man Leicester

Brexit: What Happens Next?

Brexit: What Happens Next? The October 31st Brexit deadline came and went. For many, it leaves us wondering what the next move is for the country as a whole.

With all the uncertainty  in the minds of many, it can be difficult to know where to find reliable advice. For those in the property market, looking to move it can be difficult to know what action to take, potentially missing out on golden opportunities which, could have benefited them in the long run.

Due to previously experiencing how the Property Market has been influenced by external factors like political situations affecting the country as a whole, our Mortgage Advisors are looking towards the future to evaluate the potential outcomes for customers post-Brexit. It feels like there is lots of pent-up demand out there at the moment.

As a result of this, we are advising our clients to at least get the full scope of their options, especially if they’re planning on just waiting and seeing, which may not work out in their favour. If you’re planning on moving house in 2020 then it would be advisable to have a chat with us sooner rather than later… so now is the time to reach out to us and possibly get your home valued whilst Estate Agents are quiet.

Get Your House  Ready

Putting your house on the market can take a while,  preparing and making ready to place it ‘for sale’ and on the markets can take a few weeks. Consider obtaining 2 or 3 valuations to get a secured opinion, take time to choose your preferred Estate Agent, sign your agency agreement and get the photos finalised.

Furthermore, if many other people are in the same mindset as you, waiting will not work in your favour. By the time your home comes on the market in the new year – so will theirs. The more houses that are on the market means the more options there are for the potential home buyers, possibly driving prices down.

Get Ahead

By getting ahead of the market and getting your home valued now will mean many things, to list a few:

– You’re prepared: when the decision of Brexit is finally announced you have all the information there available at your fingertips.

– No obligation: the decision to sell is all yours, it is not a means to an end but it’s giving you a head start.

– Improvements can be made: If you do decide to sell you have the incentive to spruce up your property but if you choose not to, you already know the figures and the feedback to possibly get the figure higher by carrying out home improvements.

So if you’re thinking of moving home in 2020 or the near future, contact us to discuss your mortgage options. We offer all customers a free no-obligation consultation.

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