It's the question on everyone's lips: is now a good time to buy, sell or take out equity from your mortgage? 

It's easy to be swayed by lower mortgage rates and the possibility that asking prices may be reduced but generalisations about property give you a good snapshot of the market but are not tailored enough to inform individual buyers and sellers.

Now, more than ever, what you can personally afford today and in the future is what really matters. 

Stress tests - working out how your finances would cope should interest rates go up or your personal circumstances radically alter - are a key part of the mortgage application process.

Having someone go over your finances and making a decision on whether you're fit to lend to is daunting but it's prudent for both the lender and the borrower. 

What you can afford now might not be the same as what you can afford in the next 2, 5 or 10 years. It may feel intrusive being asked if you're planning to start a family or how much you spend on gym memberships, but lenders need to know you'll cope when interest rates are not historically low or inflation soars.

We're pleased to report that the property market remains stable and banks are willing to lend money. There are plenty of opportunities to buy, sell or rent a North West London property, and London Residential would be happy to talk through your current financial situation and how you can secure your next home.