Sold our flat in London at a good price. Now living with parents temporarily so need to move asap. Found somewhere to buy in the South West which is lovely but abit of a stretch and requires a hefty mortgage and money spent on it as a granny has lived there for 30 years. We would get this mortgage on basis of DHs new job (should be secure but who knows as he is the new boy).
All the doom and gloom about the economy has given us cold feet. Especially the Merrill Lynch prediction of 30% fall in house values over 3 years and no recovery for 20 years! We have paid for a survey and legal costs and should exchange next week but are we mad? Should we wait and rent for a year? New baby due in Nov.
What do we do?!
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Do we buy or run?
6 replies
kerala · 14/07/2008 08:35
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.