A no deal Brexit will change how likely Britons are to make big purchases.
A new survey by independent mortgage expert John Charcol found a majority of Britons would be put of making a large purchase such as a property, or buying a new car.
It asked those who took part: “Would leaving the EU with no deal affect your decision to complete a large transaction, e.g. a house or car purchase?”
Half of those who answered said a no-deal Brexit would affect the likelihood of making a big purchase.
On the other hand, 39.49 per cent said it would not and 10.51 per cent were unsure.
Women were almost more likely to be put off making a big purchase is the event of a no deal, with 54.08 per cent of women who answered the survey said it would affect their decision.
What is more, far more women were unsure about how no-deal Brexit would affect their decision making process when it comes to large transactions.
It seems the majority of people expect their financial situation to be worse due to Brexit both in the short and long term.
They were asked: “Do you expect your situation to be better or worse as a result of Brexit in the short term (Up to 5 years)?”
Only 21.88 per cent of people responded that they expected it to be better, while 61.36 per cent expect it to be worse. However, 16.76 per cent where unsure.
In the long term people were less sure about how the economy would fare, with 20.17 per cent unsure.
However, 36.52 pr cent said it would be better while 43.18 per cent predicted it would be worse.
And this gloomy outlook is no surprise considered the poor economic forecast for Britain post-Brexit.
Which areas in the UK have been worst affected by Brexit?
Estate agent comparison site GetAgent.co.uk has looked at where UK home sellers have been forced to take the biggest property price reality check when it comes to the asking and selling price of their home.
Bradford has seen the value of its homes fall by 35.9 per cent.
Waveney in Suffolk has also seen a notable decline, down by 22.4 per cent, while the London Borough of Islington takes the third spot with asking prices down by 21 per cent.
Has Brexit caused house prices to fall in England but rise in Scotland and Wales?
According to Reallymoving data there will be a decline in English house prices month of month of 0.9 per cent on average, around £2,206 for the average English house price of £245,128.
House prices in Wales will rise by a whopping 8.7 per cent, while in Scotland they will just by 3.8 per cant and in Northern Ireland 1.9 per cent.