We also appreciate that being the bearer of bad news is just not the best look when it comes to feeling positive about making the brave move, so let's talk happy.
The Bank of England recently cut its base rate to 0.25 per cent and interest rates are now at a record low. So what does this mean?
Borrowers now have the chance to save money on monthly mortgage repayments.
Those on tracker mortgages will be the immediate winners, with the Council for Mortgage Lenders calculating that on an average mortgage of £114,000 the cut would be worth about £15 a month.
While fixed rate mortgage holders won't see any immediate change, the cut may present an opportunity to shop around for a cheaper deal.
Fixed-rate mortgages are at an all-time low, so it's a good time to lock in the cheapest rates.
Research is key when investing in a new property and taking your time to make sure you make the right decision is a wise move. For more info on how we can help, call us on 0845 450 7872.
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