rightmove - Google News
WITH some analysts suggesting house prices could fall by as much as 10 per cent this year should you avoid moving unless you absolutely have to?
It’s not necessarily a bad idea to move, says Andrew Hagger of comparison site Moneynet.co.uk, but it does depend on your position.
For those with a secure job who also have a deposit of 25 per cent and a good credit rating, mortgages rates are low, he says
“Job security is key. As long as you’re secure in your employment and have a large deposit, the market can work for you at the moment.”
In fact, it can help those looking to move to a higher rung of the ladder. Even if sellers have to reduce their own home by 10 per cent, if they get the same reduction on a home of a higher value, it equates to more money. However, despite low mortgage rates, rising inflation and the Government’s spending cuts mean that a move is not affordable for many people.
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