Should You Wait to Buy a Home in 2025? Let’s Break It Down. We get it. Between headlines about rising interest rates, inflation, and housing market uncertainty, it’s easy to feel like buying a home right now might be a mistake. But is it really a bad time to buy? At Oportfolio Mortgages, we help buyers across the UK cut through the noise and make confident, informed decisions. So let’s take a look at the reality.
Is It a Bad Time To Buy a Home?
Myth: “The market is crashing so I should wait to buy a home.”
Reality: We’re not in a crash. We’re in a correction.
House prices have dipped slightly from recent highs, but this is more of a stabilisation than a collapse. In fact, many experts believe this is giving buyers breathing room and better negotiating power, especially first-time buyers and movers with a solid deposit.
Myth: “Interest rates are too high to get a good deal.”
Reality: Rates have risen, but they’re normalising.
Yes, we’re no longer seeing sub-1% mortgage rates. But today’s rates (averaging 4–5%) are far from historic highs. And many lenders are offering competitive fixed-rate deals and incentive packages. Plus, if rates fall again in the next few years, you can often remortgage to a better deal.
Myth: “It’s cheaper to rent than to buy right now.”
Reality: Not always. Especially in London.
Rent prices across London continue to climb. In many cases, mortgage payments are comparable to or even lower than rent, especially when you factor in rising rent costs and lack of security in tenancy agreements. Buying gives you long-term stability and the chance to build equity.
Myth: “I’ll wait until everything feels perfect.”
Reality: Waiting for “the perfect time” often means missing opportunities.
Trying to time the market perfectly is almost impossible. The best time to buy is when:
- You’ve saved a deposit
- You’ve found the right property
- You’re financially stable
- You’ve spoken to a mortgage broker (like us!) and know your options
Here’s What You Can Do Instead of Waiting
Speak to a mortgage advisor to get clarity on your options now, even if you’re months away from buying.
Get a mortgage in principle so you’re ready when the right home comes up.
Stay as up to date with market information as possible. The market moves quickly. We’ll keep you updated on lender changes, interest rates, and buyer schemes.
Bottom Line: 2025 Could Actually Be a Great Time to Buy
Yes, the market is different, but that doesn’t mean it’s worse. Buyers who take action now may benefit from:
- Lower property prices
- Less competition
- Greater negotiating power
- Tailored mortgage deals
Thinking of Buying in 2025? We Can Help.
At Oportfolio Mortgages, we’re helping homebuyers across the UK to understand the real market, and get mortgage-ready. Give our team a call today to book in a free initial mortgage consultation.
