Is there ever a good time to buy a property and why would you buy a property during a global pandemic? The answer is if you live in Bournemouth – this is absolutely what you should be doing.
The pretty coastal town of Bournemouth has been identified as one of three key areas where property prices have increased during Covid-19 and are subsequently set to rocket as thousands of people intend to swap inner city living for a seaside escape – so why wouldn’t you?
Bournemouth is the home to one of the UK’s best beaches and in normal times, has plenty to offer from hip boutiques and incredible restaurants to an impressive live music scene and fun things to do.
Now more than ever is a great time to be purchasing a property either as a first-time buyer or a second-time buyer. Tenants in Bournemouth will know that rental prices in the town are on the steep side and are probably wondering if they will ever be able to get onto the property ladder.
We are here to tell you that you absolutely will! In fact, we can assure you that you have the potential to reduce the amount that you pay out to live in your flat or house by almost 90%.
Here is how – say you are renting a property and are paying between £800-£900 per month. This is an expensive outlay – especially in these uncertain times. If you were to take advantage of the property prices in Bournemouth you could get a £100,000 mortgage on an interest only basis on say a one-bedroom property in Boscombe and only pay in the region of £120 per month.
If this doesn’t tell you to stop renting and to secure a place on the property ladder, we don’t know what will. Interest rates are at the lowest level and this is a pivotal time to buy before property prices are set to rocket even further.
Not sure where to start? Give the friendly Bournemouth Estate Agents, Lovett a call and we can help you not only find your dream home in Bournemouth and Poole, but will also help you get the wheels in motion with regards to having your own dedicated conveyancer and mortgage brokers on hand – something that no other property agent in the Dorset area offers.
It is time to stop dreaming and start searching for your ideal property – do not let this amazing opportunity pass you by. Call Lovett on 01202 303044 or email info@lovettinternational.com
