With working from home becoming the new norm for many, it’s likely that a significant number of workers may continue to be wholly or partially home-based after the virus threat subsides.
If just weekly or monthly visits to the office are sufficient, this may give people a greater choice about where they live. No longer does home have to be within commutable distance to the employer’s premises, so priorities such as schools, other local facilities, value for money and a better quality of life may come to the fore. For sheer variety of locations, UK homebuyers are spoilt for choice.
You could opt for the combination of town and country offered by ‘garden cities’, which have appeared over the last 130 years or so. Some of them lie within 30 miles of major conurbations including London, Birmingham, Wolverhampton, Stoke on-Trent, Hull and Edinburgh. In 2017, the government announced plans for 17 new garden villages and towns in England.
This material is for information purposes and does not constitute a sales offer or financial advice. Before accepting any credit agreement or taking out any financial product, you must obtain individual advice regarding your own requirements and general terms of the loan or product. The presented information & data are valid at the time of publishing.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Source: Quilter Financial Planning – Essentially Mortgages Q3 2020