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Waiting for what?
Lets say there's a meaningful slowdown or dip that pushes your chosen house to -20%; will the sellers still be able to move? Will the bank still lend you money? Will the overall economic impact that comes along with that mean you and your partner still have jobs? Etc.
What are you (or will you be) paying on rent vs monthly mortgage payments? For us that was a major push. We'd been covering a mate's mortgage while they were travelling, so when they came back, we were looking at something like £1,800 to rent vs £1,200 in monthly payments.
hugo7
Any thoughts on house market. First time buyers. Property near Penge , on for £500k but needs a lot of work and we have offered c. 10% below the asking. Don’t really want a project but cost dictates . We should be able to manage a mortgage even at higher rates than current , but should we be waiting :)