Why Now Might Be a Good Time to Buy in Bournemouth (Even With Higher Rates) We look at Mortgages in Bournemouth for you.
- Bay Mortgages
- Sep 30
- 2 min read
Is Now the Right Time to Buy a Home in Bournemouth? Lets take a look at Mortgages in Bournemouth.
The UK housing market is changing, with many areas experiencing a cooling trend. In Bournemouth, some buyers are hesitant — but acting now, even with higher rates, can present unique opportunities. This article explores the Bournemouth property market, the reasons to buy now, potential risks, and a real-world example.
Current Local Market Snapshot
Average house price in Bournemouth, Christchurch, and Poole (BCP): £320,000 (ONS).
Over 50% of potential buyers are waiting before committing (Mortgage Introducer).
UK Finance forecasts mortgage and housing market activity will pick up in 2025.
This means buyers who act now may avoid a more competitive environment later.
Why Buying Now Could Be Smarter Than Waiting
1. Locking in Current Prices
If interest rates fall in the future, today’s buyers could see their property values rise while
paying similar monthly repayments.
2. Supply and Demand Cycles
New housing starts are down 15%. As demand returns, limited supply may spark bidding wars.
3. Rising Rental Costs
Rental prices have surged 8% in the last year. A £1,300 rent could instead cover a mortgage on a £250,000 property.
4. Local Growth Prospects
Bournemouth and Poole are benefiting from transport, education, and regeneration projects — likely to drive long-term value.
Risks to Keep in Mind
Interest rates: May still rise further.
Deposit requirements: Lenders often want 15%+ deposits, especially for first-time buyers.
Local value changes: Prices could stagnate short term.
Stress test rules: Affordability checks may tighten, affecting borrowing power.
Case Example
Buyer A: Buys now at £320,000, 20% deposit, 4.5% rate → ~£1,600/month. If property rises 5% to £336,000, they gain equity.
Buyer B: Waits for lower rates. Buys at £336,000 with 3.5% rate → ~£1,600/month. Payments similar, but they miss early equity growth.
Conclusion: Acting now may secure both a home and future gains.
Final Thoughts
While the market feels uncertain, many Bournemouth buyers can benefit by acting sooner. Rising rents, limited supply, and local development projects all add to the case for buying in 2025.
At Bay Mortgages, we help buyers in Bournemouth and across Dorset find the right deal.
👉 Book your free mortgage consultation today and explore your options with a local
