Thinking of moving house? Why now is a good time to buy

With a healthy level of properties on the UK housing market and an improved interest rate outlook, buyers currently have more choice than they’ve seen in recent years - creating a window for those ready to make a move. This opportunity may grow even further this summer ahead of speculation surrounding the Autumn Budget later this year. Knight Frank agents from London and the Country Department share their insights, guiding you from the initial search to making a successful offer. Meanwhile, Knight Frank Finance provides expert analysis on current mortgage rates and explains why it could pay to act early.

When is the right time to buy?

Purchasing a property is one of the most significant investments a person will make in their lifetime. Sarah Brown, a Partner at Knight Frank specialising in the South West region, advises buyers to first identify their ‘why’ before taking the plunge. “Whether it’s a change in lifestyle, a desire to be closer to family, or schooling considerations, your motivation will shape your timeline,” she explains. “And for those with the flexibility to be discretionary buyers, now is an excellent opportunity to explore what’s available on the market.”

Dylan Brooks, Knight Frank’s Head of Queen’s Park sales, echoes this sentiment, emphasising the personal nature of property decisions and the importance of a long-term perspective. “The UK property market will always experience fluctuations, so it’s crucial to view buying as a long-term investment and carefully weigh the costs of purchasing versus renting.”

3-bedroom house for sale in Coleherne Mews, London, SW10

Choosing a location that’s right for you 

Once your priorities are clear, the next step is identifying the areas that can deliver both the property and lifestyle you're seeking. “Proximity to schools, access to local amenities, the distance from a train station - it’s all part of a puzzle that needs to fit together,” says Brown. “I often work with buyers relocating from the city to the countryside who are unfamiliar with the area. There’s a bit of homework involved, and that’s where we can really support them.”

In London, Brooks points out that even within a single postcode, there can be a wide range of property types and values. “This is why defining your priorities is so important,” he explains. “It’s also worth thinking ahead - if you're planning to start a family, for instance, a freehold house might make more sense than a flat. Exploring neighbouring areas beyond your initial search zone can often reveal properties that offer better value and tick more boxes.”

How to start your property search

Many buyers begin their property search online, which is a useful way to understand the market and get a sense of pricing. “However, it can quickly become overwhelming, especially if you’re new to the process or haven’t bought in some time,” says Brown. “That’s where our expertise as agents really comes into play. When buyers register with us, we take the time to understand what truly matters to them, and we stay in contact to ensure the properties they view align with their needs.” To support this process, My Knight Frank - a personalised portal that lets you save, rate and share your favourite properties - helps streamline the search and keep everything in one place.

But not all homes make it online. “Many agents begin with an off-market approach - around a third of the properties sold through our office happen this way,” explains Brooks. “It’s another key reason to register with your local Knight Frank office. You’ll gain access to properties that may never be advertised more widely.”

7-9 bedroom house for sale in Plush, Dorchester, DT2

What to consider when viewing a property and making an offer

There’s the usual checklist when viewing a property - will the layout suit your lifestyle? How much renovation is needed? What are the neighbours like? And if you're planning to stay for the long term, will it still meet your needs five or ten years from now?

“Try to keep an open mind and take the time to really absorb what you’re seeing,” advises Brooks. “And don’t hesitate to ask questions at any stage of the process - no matter how obvious they might seem. As agents, we’re in direct contact with the sellers, so we’re well positioned to provide the answers you need. We also pride ourselves on building long-term relationships with our buyers, providing guidance not only through the purchase itself but often throughout their future property journeys as well.”

When you’ve found your ideal property and are ready to make an offer, presenting yourself in the best possible light can make all the difference. “The more we understand about the buyer, the better we can represent them to the seller,” explains Brown. “A well-prepared, detailed offer - covering not just price and preferred timings, but also confirming financial position - demonstrates that you're serious and in a strong position to proceed. It can be a crucial factor in securing the property.”

4-6 bedroom house for sale in Springfield Road, Camberley, Surrey, GU15

Fixing your finances in a shifting market

Nobody can ever say for certain where mortgage rates are headed, but the signals have rarely been this mixed. In May, members of the Bank of England’s Monetary Policy Committee voted for outcomes spanning a hold, a 0.25 percentage point cut and a 0.5 percentage point cut. In June, officials again voted to hold rates steady, signalling that more clarity is needed before making a move. Against this backdrop, Knight Frank Finance says the most sensible thing a buyer can do is get their finances in order and secure a mortgage rate early. “While we still expect rates to continue their slow glide down, there are risks to that outlook,” says Simon Gammon, Managing Partner of Knight Frank Finance. “We’re currently in a sideways market, but inflation and geopolitics have real power to deliver shocks.” Mortgage lenders are offering competitive rates - especially in the sub-4% range - but there's no guarantee how long these will last.

Why it pays to act early

With lenders vying for market share in a subdued market, mortgage products are changing frequently. That volatility means acting early could be critical. “You can secure a rate now and keep an eye on the market while your purchase progresses,” Gammon adds. “If a better rate comes along before you complete, you can switch - but if rates rise, you’re protected.” For those planning to buy in the next six months, getting an agreement in principle now could provide both peace of mind and financial flexibility later on.

Ready to move? Find your dream home with Knight Frank.