Homemovers unphased by Brexit and Bank Rate
83% of those thinking about moving home said that the Brexit vote had made no difference to how they felt, and that it had not affected their plans to move house or the timeframe over which they were planning to do so.
"Whatever the future holds, this research bears out our own experience that the general mortgage market remains robust."
In the Virgin Money survey, 78% said they didn’t think the Brexit vote would have any effect on the value of their home and only 3% of homeowners said they had changed their plans and decided not to move at all.
Neither was the surveyed population significantly influenced by the recent move by the Bank of England to lower interest rates – suggesting they were already feeling positive. 83% of consumers looking to move home said they didn’t feel any different about getting a mortgage for a new home purchase following the change.
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages said: “Whatever the future holds, this research bears out our own experience that the general mortgage market remains robust. This reflects peoples’ attitudes to just get on with their lives and realise their home-ownership ambitions, and it’s great to see first-time buyers continuing to want to own their own home.”
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