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negative equity is only a issue if you want to remortgage or sell. Otherwise just wait for the recovery.
Yes, but you'd feel bloody stupid if you bought at £900k months before brexit only to see your gaff being £500k after brexit. It's an event firmly timetabled and a very real chance of an epic fuck up and a slow recovery. The opportunity cost of £4ook is not insignificant.
Anyone with a second property coming to the end of a mid term time scale would be trying to shift it before Brexit I'd have thought.
Apologies to @GwGs
Howard-
No need to apologise, Plumstead is constant as the Northern Star, we will weather the storm.
Besides we're yet to complete, just waiting for the right moment to pull the Tenderloin Rug from under their feet!
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Just as you’d feel stupid if post brexit the £900k house only falls to £850k but interest rates shoot up and that £850k debt becomes unaffordable. You’ll wish you’d locked in on a long term fixed rate at the higher purchase price because it was £2k a month cheaper to service the debt (based on a fictional 4% rise in rates).
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Except either it won’t be your gaff because you’ll have missed it, or it will be your gaff and It won’t be any £££ because you’re not trying to sell it.
Mickie_Cricket
Ramsaye
Dramatic_Hammer
negative equity is only a issue if you want to remortgage or sell. Otherwise just wait for the recovery.
Population growth in London > rate at which properties are being built.
Or
Demand > supply
Or to put it another way
