If a house is used as a home - and not as an investment vehicle - it does not matter if the value goes down, according to an industry expert.

Dominic Mansley, managing director of independent financial adviser Key Financial Consultants, urges Britons not to fear a decrease in house prices.

By taking a long-term approach to acquiring a home, he argues that value can be derived beyond the building's monetary worth.

The advice could prove useful to individuals considering whether to take out secured loans against their property.

"If you're buying a home then you should not see it as an investment," asserts Mr Mansley.

"It doesn't really matter whether the value goes up or down, because it isn't an investment, it's a home," he adds.

Meanwhile, he attempts to ease the concerns of those consumers anticipating a fall in house prices.

He observes that, as long as you can afford repayments on secured loans held against property, the market conditions do not matter.ADNFCR-1287-ID-18340034-ADNFCR

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