As interest rates lower, demand for your home increases. Your home has become more affordable to buyers who need a mortgage to purchase it. A rejuvenated property market, which is enduring a shortage of homes, means your property's value increases. But as prices rise, you may have to borrow more, so it could be worth making an early move to get ahead of buyers returning to the market.

 

With more buyers returning to the market, you are more likely to achieve a quicker sale. Let’s be honest: once you have decided to move and have found the right home, you want the entire process over and done quickly. Better mortgage deals mean more buyers are in a position to move. This also applies down the chain, meaning you are less likely to encounter delays.

 

Lower rates mean lower mortgage payments, with more of your payment contributing to the outstanding balance of your mortgage. This means you can build up equity far quicker. If you are planning on moving to your forever home, lower rates mean that you can move up the ladder more quickly. Financing home improvements also becomes more affordable. Your local Reeds Rains agents are on hand to help and guide you through the moving process. Find out more by clicking here.

 

Mortgage Services are carried out by our partner, Embrace Financial Services, who have helpful, qualified mortgage advisers available who can tell you how much you can borrow and what the costs are. Get in touch with us today to book a consultation and find out your next steps. *