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Post election upsurge in the mortgage market predicts Purely Mortgages

Purely Mortgage predicts a post-election upsurge in the mortgage market and a recovery in the market over the next few months.

But Purely warns customers not to wait to remortgage their homes for emotional rather than rational reasons.
Purely Mortgages marketing director Ian Giles says there are people definitely looking at remortgaging or purchasing but are deferring their decision to go ahead until after the election is over.

Giles says: “Our advice to anyone sitting on their mortgage decision is not to languish on expensive SVRs – while waiting for more certainty is understandable from an emotional point of view, it is also irrational because it results in consumers being worse off financially.”

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