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Only really a problem if you think that you’ll lose your job and can’t pay for the mortgage
If house prices go, say, 33% down you will have much bigger problems to worry about.
That said I would be extremely relaxed about exchanging contracts right now. You’ve got some leverage when previously you had none.
Howard
Need some herd wisdom on what to do: I’ve been in the process of buying a new build using the Help To Buy equity loan scheme for the last few months. We’re really close to be able to exchange, but now I’m shitting myself that property prices are gonna decrease over the next year or so. The property developer is pushing HARD to complete ASAP, so much so that they’re offering to pay my next month’s rent.
Do I carry on, withdraw, or attempt to renegotiate price? Argh!