Professional General Contractors in Northampton

Would you like to buy a new home but are unsure of whether now is the right time? It is important to have all the information before making a decision, so we have asked The Mortgage Brain to shed some light on some of the questions we have been asked recently. Why Buy Now? It has been said that no investment is more solid than bricks and mortar, but it will take a longer-term view. The UK is suffering from a national housing shortage. We have, for many years, failed to meet our quota for building new homes. This means demand levels have not dropped and with supply still excessively low we are yet to see a drop in house prices. Multiple organisations measure house price growth each month and we are yet to see a fall.  But if we look at worst case scenario bear in mind a few important factors.   Long term property has always grown in value.  It just hasn’t been a straight line. It’s all relevant, if you sell your property for less, what you next purchase will also have fallen in the market. Your house is always your home.  If you are renting you will have no control of your rent nor if the landlord changes their mind and wishes to sell.  Buying a home means it is yours to do as you please. Interest Rates The base rate has risen but from historical lows. Interest rates have previously been much higher.  We needed a market adjustment to correct the interest rates to help reduce inflation and encourage savings.  We are simply returning to the "old normal".