We won't put our lives on hold because of Brexit...

With Brexit dominating the news agenda currently and potentially creating uncertainty, you'd be forgiven for being cautious with regards any major financial or life-changing decisions. But for many, life continues as normal regardless of political rhetoric.

Laura and Matt have a nine-month old son called Eric, and Laura is just about to return to work as a Pharmacy Technician at a local hospital following her maternity leave. Far from letting political agenda or Brexit concerns govern their long-term family plans, the Stockport-based couple have just moved up the property ladder into a new home to accommodate their growing family.

Having saved for over a year, Laura and Matt bought their first home together in 2010, a two-bedroomed semi-detached house in Stockport which they purchased for £110,000. Laura explains: “We’d always planned to have a family so we knew that we’d outgrow our first property eventually. We had seven very happy years there, but then this year, our plans for a family have become a reality. With the arrival of Eric, we very quickly outgrew our little two-bedroom house and needed more space both inside and out. We didn’t really have the option to wait and see what the property market was going to do or how the economy might be affected by Brexit; we needed to move to a home that suited our needs now.”

Laura continues: “I was a bit worried that being on maternity leave and going back to work part-time might mean that we couldn’t afford to move to a bigger house. So, we went back to Mortgage Advice Bureau, as they helped us with our first mortgage. After updating them on our circumstances and going through all of our expenditure and income with our adviser, we found we could afford to buy what we were looking for to get the extra room we need.”

Laura and Matt were keen to stay in Stockport so they could be close to family, friends and work. After just a few days of searching, they found a three-bedroom semi-detached house in need of some modernisation which was within their price range. They quickly sold their first home and purchased their new property, and moved in July.

Laura concludes: “We know that there is a lot in the news at the moment about how Brexit might affect the economy and the property market, but to be honest our decision to start a family and move was far more important to us than that, and didn’t make any difference to our plans. We’ve done what is right for us at the time it’s right for us, and as far as we’re concerned, that’s the most important thing.”

If you're considering moving house and would like to speak to a mortgage adviser, please don't hesitate to contact us today and we can put you in touch with an adviser local to you.

Because we play by the book we want to tell you that…

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

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