Pull out of moving house because of election result?

[perhapstomorrow]

Just curious about everybody's feelings towards buying a house with all the uncertainty regarding the election and Brexit. We are looking to get a larger house and as a result a substantial increase in our mortgage. My husband is seriously thinking about taking our house off the market until things have settled. I am not sure if he is overreacting.

It sounds as though your DH is worried about overextending yourselves financially and is using the political situation as an excuse. Things aren't going to settle any time soon, we have years of Brexit ahead of us. Do you need the extra space or is it just nice to have?
Maybe you need to review how much you can realistically afford and then look for new houses which are in cheaper areas or not quite so much larger? But I don't think waiting indefinitely for the political situation to settle is a long term plan.

We're fixing for 5 years so we know where we stand and are confident we could cover payments if they rose to 5.5% - what it was when we moved 10 years ago.
You can't predict the future so live for now but sensibly, e.g. Choose a fixed rate mortgage.

Perspicacia we need the space. We could do a loft conversion but would prefer more downstairs space as well. If we don't move now then I don't think we ever will as we are already looking at repayments until age 72!! We are both quite risk adverse so a fixed rate mortgage is probably a good idea. I think we may see how things go over next few weeks before making any hasty decisions. Wish I had a crystal ball!!! :)

I would do it now. There is plenty of evidence that, as an importer of goods, prices will continue to rise. People may start to feel the pinch. You will need to find a buyer so let the dust settle and launch for the summer holiday market.

In which case, I would go for it sooner rather than delay indefinitely.

Someone on Radio 4 today was suggesting interest rates are now unlikely until at least 2019. I can't remember who but they seemed knowledgable rather than random rent-a-gob.

We are both quite risk adverse so a fixed rate mortgage is probably a good idea.

You could always go for capped rather than fixed.

I think your husband is right. Could you build more storage space and wait a couple of years?