Buy now or wait after Brexit.

[Mamalette]

Is it worth waiting for Brexit before going into mortgage? And where in Kent could give you more for less (inclusive of reasonable train fare into London). I work with people with LD and study at the moment so would appreciate where I can get a job easily. Considering Ashford but done the maths and honest don't know if it's worth the train fare for DH and not sure the job market there too. Candid opinion would be much appreciated.

"after Brexit"
depending on how badly TM and her team handle it, that could be in ten years time

if you are buying a HOME
as against a property investment
buy what you can afford if interest rates go up to 2% base (5% on mortgage) and plan to stay there for ten years

Worth mentioning that if interest rates increase rent may do to. There are still some fairly nice long fixed rate interest deals, and with uncertainty around brexit it's a buyers market so your money will go far. If you want to stay in your house for 5+ years and can afford an interest rate increase at the end of your term then don't rule out buying now!

Hi there Mrsr8
Glad to know you are keeping that mortgage neatly under control

I'm not bothered about fixed rates - never have been
but anybody buying a house at the moment has to expect that they may have negative equity if there is a hard Brexit

I cannot see how interest rates will drive rents up.
Landlords hardly get any relief on mortgage interest any more
and the bigger issue is going to be a collapse in demand if the Brexit car crash ends up with a deal much worse than the one we have at present.