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Is it better to invest beyond London?

Which one?

This question falls under the remit of a common answer: it depends on your personal circumstances. Also, we can’t tell you what to do with your money, after all. There are, however, some facts surrounding the differences between these two areas in the property market we can tell you.
Property in London has always commanded a premium compared to the rest of the UK. There are numerous reasons behind this, including higher average wages in the city. There is also less space to continue building, so new homes in the capital are being built upwards (flat blocks).
Furthermore, people are constrained by employment when it comes to moving areas to buy property. This is one of the reasons why prices in London continue to rise, as 15% of the UK workforce is located in one city. With high-paying jobs being concentrated in London, the prices of property can reside at a higher point than the rest of the UK.
One thing we can say, is if you want to purchase property, with the intent of aiming it one day, it will be easier outside of London. This is purely based on the fact that on average, it’s going to be cheaper.

What can Habito do?

At the end of the day we cannot answer this question with a ‘yes’ or ‘no’. We can’t tell you where to invest your money, but we can help you invest in property. Getting a mortgage can be a daunting experience, that’s why we’re here to help you every step of the way.

If you’re interested in finding out how much you could expect to borrow, head over to our Digital Mortgage Adviser. Within minutes, you could find out what mortgage would be right for you, all for free and with no credit checks. The next step is speaking to a member of our mortgage expert team, who will handle your application from sign-up to completion. They’re here to answer any questions you might have, and guide you through the mortgage process in a responsible and empowering way. This is all part of our mortgage promise. To save you time and money, and get one step closer to mortgage bliss.

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