It’s a paradox really - £10k looks like nothing on the total cost (and spread over a mortgage period) but it’s a shit load of cash up front and could be an insurmountable barrier if you’re already at your limit.
I reckon some kind of auction system would be better for everyone - market determines price instead of estate agents and overly optimistic sellers.
I think that type of system wouldnt be favourited by estate agents who are making incredible amounts of money by pushing up the prices more and more to enable bigger percentages for them.
Estate agents dont really care if the house fails into negative equity as by that point they are long gone.
It’s a paradox really - £10k looks like nothing on the total cost (and spread over a mortgage period) but it’s a shit load of cash up front and could be an insurmountable barrier if you’re already at your limit.
I reckon some kind of auction system would be better for everyone - market determines price instead of estate agents and overly optimistic sellers.