Next year is going to be a good one, thanks largely to the lowest mortgage rates for well over a year. This is encouraging a lot of buying and selling activity and is very positive for the UK property market. So, if you are one of those people who was waiting to see what happens, perhaps now you can finally begin your New Year property resolution. We examine various options.

Buy a first home

More competitive mortgage rates and an expanding range of mortgage products are finally enabling first-time homebuyers to enter the property market. The mortgage guarantee scheme, with its renewed deadline of June 30, 2025, is one way in which you may get a foothold inside your own home. Perhaps your resolution is to help a loved one buy their first home. If this is your goal, you have a variety of options, from guarantor mortgages to equity release.

Improve your property

Perhaps you have already found the perfect property, but you want to make improvements. You may be doing this to add to its value or simply want to enjoy a better kitchen, glass door walls, or a stunning garden. Once your renovations are complete, booking a valuation to update the real value of your home can be both exciting and rewarding.

Sell your property

Given that the market's performance has exceeded many expectations, you may be considering selling. There are promising signs that the 2025 market will offer quicker selling times, better selling prices, and very healthy levels of demand. Toward the end of 2024, buyer demand and sales agreed were up 25% compared to the previous year.*

Begin a property portfolio

You may fancy investing in the lettings market. If you are interested in investing in the lettings market, 2025 could be a good year to start. Many retiring landlords are leaving this market; others are wrongly fearful of the Renters’ Rights Bill, which if implemented could improve life for landlords and tenants. This means you may be able to buy ready-to-let properties with tenants in place. This sector needs new entrepreneurs who can meet the high levels of demand for rental homes.

Get the keys to your forever home

Maybe you are looking for your forever home. In this wonderful time in your life, you'll want every detail to be perfect for you and your loved ones. On the other hand, you will most likely have big plans for it. Over the years, these plans may change, and you will want to own a property that offers that flexibility. You may work from home in a workshop, an office, or both and want more space, maybe you want a home with more land. Whatever you are looking for it’s there waiting for you.

Decide to downsize

You may prefer a modest space that gives you more disposable income and choose to downsize into an energy-efficient property. If you own a larger home that has significantly increased in value in recent years, downsizing could be a wise decision. Your home may surprise you and open the doors to a more comfortable retirement, the opportunity to buy a second home, or simply a chance to do all the things you have always wanted to.

Buy a holiday home

Purchasing a holiday home can be a solid investment—a place to unwind while potentially returning income. There is a steady influx of second homes entering the UK property market. This could be your chance to buy the home you have always wanted by the coast, a rural retreat, or perhaps the city escape you can enjoy at the weekends.

 

Book a valuation to see how close you could be to achieving your property resolutions