Are you thinking about selling your house but haven’t made a decision yet?
Well, now may be the perfect time to do so. With the increase in mortgage rates in England, it’s essential to consider your options carefully. In this blog post, we’ll discuss why it’s important to sell your house now and how companies like Sell House With Us and Housell UK can help.
The latest statistics show that mortgage rates in England have been steadily increasing since mid-2021. The average interest rate for a two-year fixed-rate mortgage has increased from 1.99% to 2.23% in just six months.
This may not seem significant, but it can add up to thousands of pounds over the term of your mortgage.
Higher mortgage rates can impact the housing market in several ways.
For instance, they can make it more challenging for people to afford to buy a house, which can lead to a decrease in demand. This decrease in demand can, in turn, lead to a drop in house prices.
However, the current housing market in England is still very much a seller’s market. The average house price in England is currently £277,030, an increase of 10.3% compared to the previous year. This increase is due to a shortage of available homes, combined with high demand from buyers looking to take advantage of the stamp duty holiday.
So, why is it important to sell your house now? With high demand from buyers and low supply, you’re likely to receive multiple offers, which can drive up the price of your property. Additionally, if you’re planning on buying another house, selling now can help you take advantage of the current seller’s market before mortgage rates potentially rise even further.
If you’re looking to sell your house quickly and easily, companies like Sell House With Us and Housell UK can help.
These companies offer a hassle-free way to sell your house, without the need for estate agents or expensive fees. With Sell House With Us, you can sell your house quickly
In conclusion, selling your house now is a smart financial decision, especially with the increase in mortgage rates in England.
With high demand from buyers and low supply, you’re likely to get a great price for your property. And if you’re looking for a hassle-free way to sell your house, companies like Sell House With Us and Housell UK can help you navigate the selling process with ease.
So, what are you waiting for? Sell your house now.
Take advantage of the current seller’s market and sell your house today.