Hello,
I’m currently renting a tiny flat in a very expensive city in the SE. I have a deposit saved and an agreement in principle, and had planned to try to buy my first home before my tenancy ends In January. Now I’m having cold feet due to the obvious uncertainty at the moment.
Obviously no one knows what will happen with property prices, but I suppose I’m in a good position where I am able to keep renting and wait it out, but it seems silly to do that when I’m now able to buy (15% deposit)
I’m new to this, so any advice would be welcome. I’d be buying somewhere for mid-term, I wouldn’t leave within 5 years, for example.
What would you do in my position? Wait to see if prices drop, or buy now?
Thank you!
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
First time buyer now or wait?
21 replies
AmyD54321 · 16/09/2020 07:27
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.