Over three million Brits delay buying a home because of Brexit

Michael Lloyd

October 1, 2019

Some 3.2 million Brits (34%) said they have put off the decision of buying a home because of Brexit, a YouGov survey on behalf of Royal London has found.

With 30 days until the October 31 Brexit deadline, the number of Brits saying they have put off a big financial decision has risen to one in five (19%).

Becky O’Connor, personal finance specialist for Royal London, said: “Millions of people are rejecting the old adage of ‘keeping calm and carrying on’ and instead opting for caution and waiting for the outcome before moving on with their lives.

“With so much hanging in the balance, it is hard to blame those who choose not to commit a large amount of money to a new purchase.

“The research shows the lives of the Great British public are literally on hold, with new homes, cars and holidays all delayed.

“Some may perhaps be expecting a buying opportunity for their next house purchase in the coming months.”

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