A very Happy Christmas from the team here at Hullmoneyman and we hope for a prosperous and healthy 2021 for all of us.
Property values have kept themselves up to a high level during the pandemic. This is down to a shortage of stock, undiminished consumer demand and the Stamp Duty Holiday (which is due to end in March 2021).
If 2020 has proven nothing else it has proved you’ll never stop a dedicated and hard working potential First-Time Buyer in Hull from wanting to own their own property!
In terms of our predictions for 2021, despite rising unemployment, we here at Hullmoneyman fully expect the consumer demand for buying property to continue to rise up. We are spending more and more time at home and it’s natural that people might start looking for something bigger, better or with a nicer garden.
Around this time of year especially, we will also see lots of remortgage activity from customers who are quite content with where they are living but would like to invest in their homes by expanding upon them or creating home offices, to name a few examples. We have detailed articles explaining why people choose to Remortgage For Home Improvements.
Interest rates are still low and off the back of Brexit, the Government will be eager for the property sector to thrive, especially considering that it is one of the “wide multipliers”, e.g. it sustains lots of jobs.
Once the vaccine is rolled out fully and life starts to feel a little normal again, we truly believe there will be a lot of people who adopt a “life’s too short” approach to their daily lives, something that should be good for the economy as a whole, especially those involved in the property market.
If you need Mortgage Advice in Hull or life insurance advice in 2021 please feel free to get in touch. Our advisors are available from early until late, 7 days a week to provide answers to your questions. Contact us to book your free initial mortgage consultation.