House Prices still set to drop in 2020
Even with the results of the election confirmed and the UK likely to leave the EU at the end of January 2020 according to this article from Today’s Conveyancer they state that “those in the worst camps are Wales which is forecasted to endure a heavy fall of (-15.4%), followed by Northern Ireland (-5.8%) and Yorkshire & Humber (-5.5%).”
“As the housing market most impacted by Brexit, unsurprisingly, London is forecast to see prices fall by 3% over the next three months.”
They base their data from Reallymoving which is one of the most popular sites used by members of the public who are looking to book their house move which is normally 12 weeks ahead of any plans to move home.
What is the next step?
If your personal circumstances mean you can’t just sit and wait for your negative equity situation to improve, it’s time to get in touch with an FCA regulated specialist. Negative Equity UK We are part of the CD Fairfield group and advise and represent UK property owners in relation to mortgage debt every day. Whether you need to re-negotiate with your lender or sell your negative equity property we have all of the options under one roof.
Speak to an adviser; you’ll find us approachable, knowledgeable and helpful.
We have completed reviews for over 3000 property owners with negative equity challenges and have negotiated over £126 million of property debt settlements. If you need negative equity help, give us a call on 0161 660 4403.