we were looking at getting somewhere that needs a fair bit of work so at the low end of the market anyway, so affordable but with potential to add value over the next few years.
The offer we put in has been accepted (a couple of k over asking and conditional on a building warrant for historic work being obtained) but nothing signed yet. Just don't want to be left in negative equity more than any desire to profiteer from the situation-or be left with huge increases to interest rates.
Look to lower the offer, but wont make much difference to your financial position.
Saving say £10k will only put a small amount in your pocket as mortgage will cover most of the cost right?
we were looking at getting somewhere that needs a fair bit of work so at the low end of the market anyway, so affordable but with potential to add value over the next few years.
The offer we put in has been accepted (a couple of k over asking and conditional on a building warrant for historic work being obtained) but nothing signed yet. Just don't want to be left in negative equity more than any desire to profiteer from the situation-or be left with huge increases to interest rates.