This isn’t the first go-round with a Brexit deadline for the one set for 31 October is actually the second one after the first was postponed. However, it is coming up under leadership that is determined to make it happen, deal or no deal with the European Union (EU). That makes things different for many sectors of the economy, including the housing market.

There are areas across the UK that are proving to be a hotbed of opportunity for home buyers and much of the reason is due to Brexit. Rather than listening to the warnings of the doom and gloom that the event could cause the economy, hopeful home buyers are seeing an advantage for them that might not occur again.

Home sellers are hearing the same warnings and they are not as inclined to hold on for an opportunity. They want to sell and to do so in such a market they are lowering their asking prices and are more aggressive to find a buyer and sell their property. In addition to lower house prices, home buyers have competitive lenders fighting for their attention by putting out low interest rate mortgage products. Some of those products are long term fixed rate deals. Recently lenders have offered mortgages at 10, 20, and even 30-year fixed rate deals.

There is another opportunity that could be lining up for home buyers and that is an overhaul to the UK stamp duty. By changing the amount of taxes due on a newly bought home, it could make the initial move onto the property ladder more affordable. It could push home buyers that have been waiting on the fence to take action.

While there are certainly many unknowns surrounding Brexit, there are factual opportunities for the home buyer looking for the right time to take advantage of an unusual market.