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Is Now a Good Time to Sell Your Home in The Wake of Brexit?

MORTGAGES | 19.12.2019

Christmas festivities are well and truly underway; with gift buying, mulled wine and family time at the forefront of people’s minds. However, when thinking about the state of the property market, the election results and Brexit – a significant number of homeowners may also be wondering whether it’s a good time to sell their home.

Christmas festivities are well and truly underway; with gift buying, mulled wine and family time at the forefront of people's minds. However, when thinking about the state of the property market, the election results and Brexit - a significant number of homeowners may also be wondering whether it’s a good time to sell their home. 

Does this sound like you?

If so, you may be able to take advantage of the predicted rush of house hunting activity after Boxing Day. 

What about Brexit?

Between the 25th of December and the 2nd of January last year, overall visits to real estate and property website Rightmove increased by over 100%. So listed your property at the same time over this festive period could allow you to take advantage of a similar spike in demand, which in turn may give you a chance to sell it at a higher price. 

However, the uncertainty around Brexit is still very much a factor in the property market. Persuading some homeowners to delay moving property. Instead they’re waiting to see how events unfold as the Brexit deadline of the 31st of January draws ever-closer. 

From past figures, it’s clear that homeowners throughout the country begin searching for their next home before Christmas decorations have even been taken down. As stats like Rightmove’s website visits doubling show. The uncertainty combined with a spike in buyer demand may prove to be an interesting opportunity if you’re looking to sell. 

Isn’t spring still the best time?

Buyers are often told that springtime is the best time to enter their property into the market, due to the nicer weather and improved kerb appeal. Plus, spring cleaning routines arguably make properties look at their best. 

However, the reality means that the market is likely to be oversaturated during springtime. With too many properties leaving you feeling overwhelmed by choice. 

Hence people turning to the Christmas and New Year period to list properties instead. The influx of buyers looking for property in the current low-stocked market will make the festive season a great time to get your house on the market. As well as bring in some viewings and competitive offers it seems.

Now that the election is over and Brexit may finally happen in January, there may be renewed confidence back in the property market. 

Are you now looking to remortgage?

If you’re now thinking of moving home, you could transfer your current mortgage over to your new property, which is known as porting. Or, you could benefit from finding a whole new deal, through a remortgage

A remortgage allows you to save money and free up cash by switching to a better mortgage provider or product. At TaylorMade, our mortgage broker experts will search the mortgage market to find the best deal for your individual circumstances. We’ll work with you to assess your finances, and compare every single product, looking at everything from interest rates to any cashback offers.

You’ll save yourself time and energy with us, and we’ll give you the complete peace of mind that you’ve found the right mortgage for your circumstances. 

If you’re looking to take advantage of the festive season surge in the housing market, but are still a little unsure and need some advice - just contact us today on 0345 305 2540, or at info@taylormade-finance.co.uk

Talk to us

If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.

0345 305 2540 info@taylormade-finance.co.uk

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