What could Brexit mean for the mortgage market?

Britain has voted to leave the European Union, and there are many rumors, turmoil and political unrest in Britain at the moment. Economic experts have quite a lot to say about how Brexit will affect the mortgage market;

·         The Treasury has predicted an eight percent price fall which is a worst-case scenario based on potential house prices in two years’ time.

·         IMF cautioned that Brexit would result in a fall in house prices and equity as well as intensify household borrowing costs.

·         The Centre for Economics and Business Research attest that a report revealed that the total value of United Kingdom housing could drop by an estimated 26.5 billion sterling pounds by 2018.

·         Ratings Agency, Moodys say curtailing of immigration and Britain’s exit from EU would make the European mortgage market less competitive, increase growth in rents and slow house price inflation.

·         Ratings Agency, Fitch claim that a UK withdrawal will mean decline in home prices by as much as 25 percent and the value of the sterling pound will fall by nearly a third against currencies

Despite all these speculations and chaos, mortgage advice services is more than ready to guide you through market changes and provide you with the best mortgage advice about the UK mortgage market. Our professional team proudly provides quality services to our highly esteemed clientele. We comprehensively cater for remortgage needs you may have so as to release equity, pay off your debts or raise capital. We have a free, no obligation quotation service with indicated mortgages and rates readily available. We are well conversant with the UK mortgage market and guarantee to provide you with the best lenders who will precisely suit your individual needs. We also have highly standardized home insurance products that offer you a high level of cover for a competitive premium and life assurance policies designed to suit your individual requirements. If you need unparalleled services on estate planning and management, don’t hesitate to contact us, we are at your service.

Are you looking for the best mortgage advice with peerless services? Feel free to contact us on 01332 257087 for a free, no obligation consultation. You can also at your convenience request a call back on this number, and our mortgage specialists will gladly get back to you and cater for your mortgage needs to your satisfaction. You can also visit our website; http://www.mortgageadviceservices.co.uk/ for more information about us and the European mortgage market.