The new year has arrived with promising signs of movement in the housing market. Rightmove recently reported record-breaking activity on Boxing Day 2024, with a 26% increase in new properties listed for sale compared to the previous year. Buyer enquiries surged, and more homeowners than ever requested valuations, signalling renewed confidence in the property market.
At Hayes Finance, we’ve observed how this renewed energy aligns with post-autumn budget optimism and the goal-setting mindset that often accompanies January. But what does this mean for those considering their next move, whether buying, selling, or remortgaging?
We spoke to Kieran Hayes, Owner and Director of Hayes Finance, to unpack the trends and provide insights on navigating the current market with confidence.
Insights from Kieran Hayes
“January has always been a busy month for the housing market, but these numbers show how much pent-up demand exists,” Kieran shares. “The combination of post-budget confidence, shifting interest rates, and new year goals has created an ideal climate for activity. People are motivated to act, and the key is to act strategically.”
Adapting to a Changing Market
While the Bank of England’s recent 0.25% base rate reduction to 4.75% was welcome news, its impact on mortgage rates has been more nuanced. Some expected a flurry of cheaper deals, but lenders have been cautious in their adjustments.
Kieran explains, “Market conditions are rarely perfect, and waiting for rates to hit a certain number can often result in missed opportunities. That’s why we emphasise decisiveness and proactive planning. At Hayes Finance, we monitor the market closely to ensure our clients secure the best possible terms, even in challenging conditions.”
A Promising Outlook for First-Time Buyers
One standout opportunity in the current market is for first-time buyers. Recent developments have seen more lenders offering six times income multipliers and high loan-to-value products, such as 90-95% mortgages, for eligible borrowers.
“First-time buyers have a unique opportunity right now, but preparation is everything,” Kieran advises. “Strengthen your credit score, get clear on affordability, and work with a team that understands how to present your application effectively. We’re here to guide you through every step.”
For practical tips on preparing for your first home, read: Making a First-Time Buyer’s Dream Home a Reality.
Overcoming Hesitation in Uncertain Times
The housing market can feel overwhelming, especially with mixed signals about rates and affordability. Many potential buyers and sellers hesitate, wondering if now is the right time to act.
At Hayes Finance, our advice is simple: there’s rarely a perfect moment, but the right support can make any time the best time to move forward. By partnering with experts who understand the market, you can feel confident in your decisions and avoid missing out on valuable opportunities.
“We’ve seen time and again how hesitation can lead to lost deals,” Kieran notes. “With Hayes Finance, you’ll have a team that not only helps you make informed choices but stays ahead of the trends to ensure you’re always in a strong position.”
Making 2025 the Year to Move
Whether you’re exploring your first mortgage, upgrading to a larger home, or refinancing to make the most of your existing property, Hayes Finance is here to simplify the process and remove the stress.
As Kieran Hayes puts it, “It’s not just about getting the best rates—it’s about having the right team in your corner to navigate the complexities and deliver results. With our experience and dedication, you can make your next move with clarity and confidence.”
Let’s Take the Next Step Together
The housing market is bustling with activity, and opportunities abound. If 2025 feels like the year to make your move, Hayes Finance is ready to help.
Contact us today to start the conversation and discover how we can turn your property goals into reality.
