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7th January 2020
So, another election has passed.
And with years of Brexit uncertainty finally behind us, this can only mean good news for the property market. Wherever you stand politically, this is the time to move forward with your plans.
Hope for first-time buyers
Those with resolutions to get on the property ladder should feel positive this year. Undoubtedly, there’s reason to believe that 2020 will bring a wealth of possibilities for first-time buyers.
Although the government is planning to end the Help to Buy scheme in 2023, they’ve said they’ll look at other ways to support ownership afterwards. This would include introducing “lifetime” fixed-rate mortgages to help renters get on the property ladder.
The government has also promised to build one million more homes during the next parliament - so watch this space. What’s more, mortgage rates are still very low and there are some incredible five-year fixed rates available; these are for home purchase and buy to let.
Sellers should price sensibly
2020 could also be an exciting time for sellers. In fact, we’ve already seen an upturn in enquiries since Friday 13th December.
Clearly, the appetite to buy is there. And, as long as you price sensibly, buyers do seem to be making their decisions quickly.
Photo credit: Nationwide BS
But if you’re worried about pricing your property accurately, don’t be. Just book an appointment and one of our experts can give you a free market appraisal. And if you’re looking for some more advice, we’ve written a guide on how to increase the value of your property and offered 5 tips to prepare for the 2020 property market.
More security for tenants
The end of Brexit uncertainty should also give tenants and landlords some valuable reassurance.
The government’s manifesto contains a commitment to abolish “no-fault evictions”. Essentially, this will give good tenants more security whilst renting. And for landlords, they’ll have enhanced powers to recover their property, e.g. on non-payment of rent or if they decide to sell the property.
Whatever your political views may be, the election feels like the end of something - and the start of something new.
So whether you’re buying, selling or letting, this is the year to move forward with some confidence.
At Maslen Estate Agents Ltd, we put people before profit. That means using our expertise to find the right home, or the right buyer, for you – our customer. For sellers, we use our unrivalled knowledge of the local area to ensure your property goes for the right price, to the right person. Our completion rate is one of the highest in Brighton & Hove thanks to our agents being some of the longest serving in the area. We know how complicated selling a home can be, so we offer plenty of advice on the selling process and making the most of your property. And we can provide a free, no obligation market appraisal. For buyers, you can browse houses for sale in Brighton and Hove and flats for sale in Brighton and Hove to find properties that suit any budget. Our handy buyer's guide will tell you nearly everything you need to know about buying property, and we'll be there for everything else. We're dedicated to finding the perfect home for you, taking you through the entire process – from viewing to completion.
Click here to view our brochure.
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