Is now the right time to buy a property, with Sarah Davidson

Since reopening after lockdown, the property market has been incredibly active with record house sales being reported in the UK. Rightmove claims that “prices are now 5.5% higher than a year ago, the biggest rate of increase for over four years” and is “now forecasting annual growth rate to peak at circa 7% by December”. Thanks to government incentives such as the stamp duty holiday, it may look like an attractive time to move house or buy your first property. But what effect is the Covid-19 pandemic actually having on the property market?My guest today is Sarah Davidson, knowledge and product editor of This is Money at the MailOnline, and my go-to expert when it comes to mortgages and property. Together, we take a look at how the current conditions can affect buying your first property, the impact the pandemic is having on lenders and the mortgage market, and tips for how to best position yourself to buy a home. With many people finding themselves on furlough or losing their jobs due to the pandemic, Sarah also shares some valuable insights into the mortgage holidays available for homeowners and guidance for renters if you’re struggling to pay your rent right now.  You can follow and connect with Sarah at: Twitter: www.twitter.com/SarahDavidson This is money: www.thisismoney.co.uk/money/index.htmlSarah shared some great resources in this episode. All the links are below:House price index by Rightmove: https://www.rightmove.co.uk/press-centre/house-price-index/october-2020/ Find latest mortgage rates: https://www.thisismoney.co.uk/money/mortgageshome/index.html True cost mortgage calculator: https://www.thisismoney.co.uk/money/mortgageshome/article-1633400/Mortgage-calculator-Compare-true-cost-rates-fees.html You can learn more about Vestpod and subscribe to our newsletter here: https://www.vestpod.com. You can follow us on Instagram @vestpod and join our Facebook group. My book is available to purchase from Amazon and your favourite bookshop.* Please note that we are not certified, financial advisers! The articles and information made available on Vestpod and this podcast are provided for information and educational purposes only and do not constitute financial advice. You are advised to consult with an independent financial advisor for advice on your specific circumstances.* Hosted on Acast. See acast.com/privacy for more information.