Originally Posted by
Vid
I am currently negotiating the purchase of my first house.
But I keep hearing news that house prices could yet drop as much as a further 30%?
The trouble is we have found a house we like, being built, and we don't want to miss the opportunity and regret it later.
We will probably be opting for a shared equity scheme the builder offers, meaning we pay only 75% of the total value, but the remainder must be repaid within 10 years (no rent charge but if the house goes up in value, we must repay 25% of the new value, if the value goes down, we are still liable for 25% of the original purchase price).
What would you do?
Bookmarks