Summer Property portfolio 2024 - Flipbook - Page 9
MORTGAGE MARKET ANALYSIS
BY PRIVATE FINANCE
STABILITY & POSITIVITY
The immediate view suggests that Labour9s victory appears to have settled the
mortgage market. We await to see how Labour9s fiscal policies impact affordability
later in the year and future announcements made in their first budget. The potential
surge in private school fees remains a significant concern for many parents.
It is important to remember that property transactions typically take months to
complete, whereas new policies could take months or years to implement. If
significant measures are introduced, they would likely be in place before the
exchange of contracts, allowing for possible renegotiations if surprise policy changes
affect future house prices. Property transactions are long-term investments; a fixedrate mortgage can help navigate market fluctuations over the next few years.
Now could be an advantageous time to buy, with positive property price forecasts
over the next few years and current market demand being lower. Considering the
strong pent-up demand, later in the year could be a much busier time for the
property and mortgage market.
If you would like to discuss any of these points further or
require a personalised mortgage consultation, please contact
Larch Property on 01743 709249 or info@larch-property.co.uk
for more information.
*Private Finance is not a tax
adviser, and this page does not
constitute tax advice.
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