In my experience impending general elections always throw a spanner in the works when it comes to deciding whether it’s the right time to buy a property. And buying your first property is even more nerve-wracking when you don’t know what the new government will look like; will their policies affect the markets and thereby cost of borrowing for the banks, which will then be passed onto the borrower, or will they go for the age-old benefit of a stamp duty holiday or even abolish this once and for all?!

Need vs Want

However, also in my experience if you NEED to buy a property now, what’s happening in politics CAN’T sway your decision one way or another. The only thing to do is find a trusted whole of market mortgage adviser for advice on finding the most suitable deal at the time.

As an experienced, professional (and fee-free) mortgage adviser I can say that new governments often want to give the nation a big warm hug and say, ‘here’s how we’re making life easier for you’, and so there could well be some helpful finance schemes introduced shortly after the new cabinet take over.

Of course, it’s very difficult to speculate at this time, but if you would like some advice on a mortgage, whether to remortgage or buy your first home, I can talk through your wants and needs, and find you a mortgage in principle that will stay in effect for between 30 and 90 days – well past the election.

If things then improve we can amend the deal we opted for but if things go up you will be glad you acted now and didn’t wait.

Does that sound like it could be useful? Then get in touch with me on 01869 390490 or mk@mkmortgages.com. I don’t charge a fee for any of my advice or guidance throughout the mortgage process, as the lender commission I receive covers all my costs.