How we buy houses has changed

How we buy houses has changed

How we buy houses has changed in recent decades. Finding the right mortgage for that dream home or investing in property is increasingly difficult, especially with recent challenges.

However, the housing market continues to be remarkably resilient. That’s quite something given the events that came to dominate so many lives and businesses from March earlier this year.

For several months house viewings were stopped. You couldn’t just walk into an estate agent’s office or talk face-to-face with a mortgage adviser.

Still, the old saying that you can’t go far wrong by investing in bricks and mortar seems to be holding true.

In fact, demand for certain types of housing is booming. The Guardian reported that 44% of Royal Institute of Chartered Surveyors members have recorded an increase in property prices. That is the strongest reading since 2016.

With working from home likely to increase, owning a home with additional space and a garden has topped people’s property wish lists.

The appetite to buy property remains strong.  

Virtual house viewing     

Adapting to a new normal hasn’t escaped the house buying market. When lockdown measures were eased in the summer showing viewers around properties wasn’t easy.

Like high street businesses, houses had to be cleaned and sanitised after each potential buyer had visited.

For many sellers, agents and viewers, the option to check out property specifics via video links has been a lifeline. The quality and speed of broadband connections has made online viewing and valuations a reality.

Indeed, there is no doubt that how we buy houses has changed. The property market is moving with the quickly changing times. 

Socially distanced mortgage discussions   

Wanting to own or move up the property ladder is one thing. Getting the right mortgage is essential.

With uncertainty surrounding jobs and how the economy might perform in 2021 and beyond, finding the best deal for your personal circumstances is vital.

This summer we have seen many lenders be flexible and allow borrowers to have repayment holidays. This has helped people budget and make it through a turbulent 2020 without incurring additional debts.  

Fully understanding what each lender offers, how they communicate with borrowers and whether it is worth taking fixed rate offers requires in-depth knowledge of a wide range of products.

Being able to get the right advice was made additionally hard as lockdown measures kept potential buyers at home, often reliant on Internet searches and call centres.

Logic Wealth Planning adapted throughout the early part of 2020 when the coronavirus pandemic changed how we all live and work.

We quickly ensured that clients could contact us when they needed information and support. That meant emails, telephone calls and video conferencing, but we also made our offices safe to visit.

Our aim is to make clients feel at ease when they come to us for independent financial advice.   

Independent mortgage advice  

Logic Wealth Planning has sourced the best mortgage deals for homeowners and businesses for many years. Our independent advisers have seen the market rise and fall.

That experience is vital to help clients get the best mortgage for their situation. Whether it’s an investment, that dream home or a business expansion, we’ll deliver great independent advice every step of the way.

Please call us on 0808 1234 321 or email info@logic-wp.com to discuss your situation and to start the process of looking for a mortgage product that suits your lifestyle and long term goals.

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

* Logic Wealth Planning provides independent financial advice in Manchester, Bury, Rochdale, Cheshire, and the surrounding area, but not limited to the region.