Dont wait to buy property ...

Dont wait to buy property ...

In 1957, interest rates jumped significantly meaning mortgage rates were 7.5%. If you waited for interest rates to go down to what they were 18 months before, you wouln't have purchased a home until 2008.

You would have rented for 51 years waiting for rates to go down. Meanwhile the value of property increased by 9.351% (that is not a typo)

Don't wait to buy property
Buy property and wait


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Credit Christopher Watkin


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A move often starts long before a property is officially listed. If selling within the next few months is becoming a realistic possibility, September is a good time to work out what needs to happen first.

A fresh coat of paint can help, but missing paperwork can delay a sale for months. Use August to prepare the information buyers and solicitors will need before an offer is agreed.

If moving is starting to feel more realistic, September is a useful time to prepare. Understanding your budget, priorities and local property search now could make things much easier when the right home appears.

A new government scheme could help first-time buyers purchase with a deposit of just 2.5%. With more details expected at the October Budget, here’s what prospective buyers need to know.