With a vast number of buyers rushing to the market to take advantage of the government’s SDLT holiday, you might want to consider the other benefits of moving home as this time.
Low Interest Rates
Interest rates are at an all-time low, and so lenders are offering good rates for fixed-term mortgages.
Unfortunately for a lot of first-time buyers, the range of mortgage products has fallen, and they will need to have a substantial deposit when purchasing to be able to take advantage of these low rates.
Working from Home
Many employers have had a rethink on the way that their employees work and now more people than ever are able to work from the comfort of their own home. Bearing that in mind, many home buyers are now considering homes with office space to allow them flexibility should there be further lockdowns or a general change in the way their employer operates.
Get Out of the City
Companies are also reconsidering whether the office space they have in London is necessary, especially as working from home has proved to be a productive way of working.
Many are also reluctant to place themselves in a busy built up area and so the numbers of people attending work in the City have fallen. A lot of homeowners are now looking to move out of the City to get away from it all.
Garden Space
Those living in a flat during lockdown with the heatwave we experienced will know only too well the struggle of not having a garden.
While we are now heading into winter, none of us know what next year will hold and whether there will be further lockdowns. Having a garden during lockdown was certainly a benefit for those with children and buyers are now putting more emphasis than ever on what their home can offer.
More Time at Home
With curfews imposed and local lockdowns being implemented across the country, families need to ensure that home entertainment can meet their demands. With every family member spending more time at home bigger kitchens, living rooms and bedrooms are going to be a necessity.
For more information and to find out how we can help you, please contact us on 0345 646 0406 or fill in our online enquiry form and a member of our Team will be in touch.