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flagSince the start of the year we’ve had a lot of media coverage over Brexit and as we draw closer to June, the coverage will only increase.  Unfortunately, a lot of the messaging about Brexit gets lost in translation as we only seem to hear which public figures support which campaign.  Like a lot of others in the UK, you might be a bit lost on how Brexit might affect you, so in this blog, we’re going to look at how it might affect your mortgage.

 

What is Brexit?

Brexit refers to the UK referendum that will decide if the UK remains in the EU. On 23rd June you have the option to cast your vote and decide which you think is best for you and the UK. Both campaign groups have been out persuading us to leave the EU (Brexit) or to remain (Bremain) in the EU

 

How does this affect me?

To be completely honest, no one really knows what’s going to happen until a decision is made.  A lot of experts have provided predictions for both outcomes so it’s incredibly difficult to say what’s going to happen.

 

House Prices

House prices have been brought into this debate quite a lot as well, but again no one will know anything until the vote has been cast.  There are a lot of predictions on both sides of the campaign. However, this does actually seem pretty evenly split amongst the experts -prices could fall, they could rise, no matter what you read, don’t treat it as Gospel.

 

What should I do?

If you’re planning on moving home in the next 3 months we do strongly advise that you speak to a Professional Mortgage Adviser.  They will have all the latest information and will be able to answer any questions you may have about your move.  If you need to speak to a mortgage advisor, then please get in touch – we know a few in our area and would be very happy to introduce you.

 

To speak to us in more detail please call Suzy on 01628 509500 or send an email to info@kirkwoodea.co.uk.

You can also connect with us on Facebook, Twitter and LinkedIn.

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