Mortgage Market News

Mulled wine, minced pies and…moving house?

Mulled wine, minced pies and... moving house?

The presents have been opened, the new toys have been tested and wine and cheese supplies are running low. A few fresh walks and some festive movies and that’s most of the traditions crossed off the list. So, what’s next? Well, for scores of our clients a new year may not only mean a set of New Year’s resolutions – it may also mean securing a new home!

Research from Rightmove in 2018 revealed a staggering 231% surge in property searches after Christmas Day.[1] After the big day itself, people’s minds soon began to turn to new homes, as traffic increased daily during ‘twixmas’ – the period between Christmas Day and New Year’s Eve. Although searches tailed off on New Year’s Eve itself (unsurprisingly), they soon spiked again at the start of the new year.

There’s no reason to think this year will be any different, as people’s minds turn to putting 2020 behind them. Just as lockdown forced more people to spend time at home, the Christmas period often does the same and allows people more time to consider their exact needs in a property, whether that’s more internal space, a bigger garden, a garage for storing all those additional gadgets or perhaps fulfilling a desire to downsize.

Whatever your client’s ambitions in 2020, they may benefit from having an experienced team of mortgage advisers by their side navigating the lending landscape and finding the best possible options, tailored to their individual situations. Don’t hesitate to get in touch with us if you’re working with clients who are considering their options in the large and specialist mortgage market, or if you have a client with an immediate need which requires attention. We would be delighted to help.

Our team is taking a well-earned break from Wednesday 23rd December until Monday 4th January. If you need to reach us, drop us an e mail and we will respond asap. Have a fantastic festive season and Happy New Year.

[1] https://www.your-move.co.uk/blog/rightmove-stats-2019-sellers-need-to-beat-the-christmas-rush

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