Often, I am asked “how do I look after my money better”, normally in the case of buying a property, however these tips help in everyday life. Saving and budgeting can seem daunting at first but having a fixed goal that you can focus on will actually be a source of calm once you see it working. It helps visualise an exciting future for whatever your goal may be – buying your first home, starting a family, buying that new car or simply not living pay cheque to pay cheque!
A common question or statement I am hearing from some buyers now is… “I’m going to wait until the rates drop or see what’s happening first.”
The answer simply put is do not wait… buy now! If mortgage rates do come down, you can re-finance at the lower rate.
Are you thinking of selling your home? The housing market is still busy, so this may be as good a time as ever to take advantage of this and put your home on the market. There are still high numbers of homebuyers looking to buy right now, so make sure you give yourself the best chance of attracting them and getting the best price for your property. Here are a few tips to give your home the wow factor!
Politics affecting rise in borrowing costs
The political and economic turmoil over the last few weeks/months meant the average mortgage rate spiked at around 6%. However we have seen that drop to around 5.4% in the past week. There are of course better rates out there, this is based on an average 5 year. Of course the health of the property market is linked to the health of the economy, most being the cost of borrowing. Looking ahead within the property market there are various elements to consider. First, the lifestyle factor of your area. Second, the mortgage rates heading into 2023.
Liam Nevitt - Property Sales Consultant
Liam has a proven track record in both property and sales industry with over 10 years’ experience working within different industries, he has a confident and enthusiastic approach to any task that he is given and always strives to deliver exceptional customer service. Liam joined Red Squirrel just over a year ago to continue his professional development as working within the property industry has always been something he has wanted to do, and is keen to take on the exciting challenges ahead and achieving the best results for our customers.
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