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Brexit

Should we hold off moving?

1 reply

WhoKnewBeefStew · 12/02/2019 20:19

We’ve seen a house in the village we live in which we really like. But with brexit looming and hearing people say house prices will fall if we have a hard Brexit, should we hold off until the end of March?

Chances are the house will have sold by then and I don’t want to miss out... but I also don’t want to end up in negative equity (we don’t have masses of deposit) as in about 10/15 yrs time we are looking to move to Scotland, so really don’t want to have little equity in the house at this point? should they crash after we’ve bought it.

OP posts:
lalalonglegs · 12/02/2019 20:27

To be honest, if you were to put in an offer tomorrow, there is very little likelihood that you would have exchanged by 29/3 and, if you haven't exchanged, then you aren't obliged to continue with a purchase. So, if you were feeling cynical, you could put in an offer and see how Brexit plays out. If we extend, of course, that complicates matters but, who knows, maybe by the end of March, we'll have an idea what is going on

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