“We can talk ourselves into a recession”. Martin Lewis.
There’s one thing we can be certain of – the future is uncertain. Of course, the recent Brexit vote has enhanced this feeling, but then again when isn’t the future uncertain? It’s important not to get drawn into the panic that has undoubtedly taken force since the result was announced.
Understandably, many people are concerned about the effect Brexit will have on the housing market. What will happen to house prices and mortgage rates? But again, the force of these effects will not take place for a minimum of two years after Article 50 is triggered. So that leaves two options:
- Panic about the housing market, putting your life on hold in fear of what MIGHT happen.
- Carry on as normal, buy your new home and improve your quality of life.
Let’s not forget, a situation like this has never happened before and all anyone can really do is speculate on what might happen. The housing market is always complicated and while it’s always crucial to be aware of the market and how changes could affect you, post-Brexit panic will not help in making an informed decision. Instead, consider this: If you are in a position where you want to move, can afford to move and have a suitable mortgage, then why would you not?
We totally agree with Martin Lewis – “Keep Calm and Carry On!”
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