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FTB, making an offer on new build tomorrow - advice needed please!
Comments
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Fair point - guessing it's a fairly long term then.
yes 35 years, but it's not like im going to have the same mortgage all that time is it?
RE all the coments over falling house prices, the estimate over the next two years of 20% drops... isn't this based on UK PRICES? Not every area is going to fall by this much surely, and i know its difficult to predict trends to specific areas. Currently though, im lead to believe that this area of hampshire is only suffering a downtread of something like 0.01%0 -
I wouldn't think so as the worst thing anyone could do in the current economic climate is to buy a new build and even worse a shared equity one. If that's the premise of the thead then it's hard to take seriously
Is this thread likely to focus in on why i posted in the first place - the offer? lol0 -
yes 35 years, but it's not like im going to have the same mortgage all that time is it?
RE all the coments over falling house prices, the estimate over the next two years of 20% drops... isn't this based on UK PRICES? Not every area is going to fall by this much surely, and i know its difficult to predict trends to specific areas. Currently though, im lead to believe that this area of hampshire is only suffering a downtread of something like 0.01%
Of which, probably, new builds are -10% and some older nice properties had some price increase. All based on only handful of sales. Very unreliable.Spring into Spring 2015 - 0.7/12lb0 -
yes 35 years, but it's not like im going to have the same mortgage all that time is it?
RE all the coments over falling house prices, the estimate over the next two years of 20% drops... isn't this based on UK PRICES? Not every area is going to fall by this much surely, and i know its difficult to predict trends to specific areas. Currently though, im lead to believe that this area of hampshire is only suffering a downtread of something like 0.01%
My apologies for attempting to assist you in not making a bad decision.0 -
I wouldn't think so as the worst thing anyone could do in the current economic climate is to buy a new build and even worse a shared equity one. If that's the premise of the thead then it's hard to take seriously
Why am i hearing all the time that the it's well and truely a buyer's market then????
I'm both glad and dissapoint about posting on here now lol not that i dont appriciate the comments, i whole hartedly do.... what that expression about a bubble???0 -
My apologies for attempting to assist you in not making a bad decision.
sorry andy if i've come accros like that, your advice has been greatly recieved. You have to appreciate though that a bubble has been burst, and im new to all this house buying stuff, and alot of the comments i've recieved i find difficult to reply to in the way you probably expect me to... im young and nieve!! lol can you imagine what i'd do 20 years ago with no internet!!0 -
In answer to your original post..... GO LOWER.
We just got 22.5% off a new build plus carpets, legals and stamp duty, turf etc
Start at 25% off the asking price and work up. Barratt are in real trouble. The site near me is only 'building to order'. Negotiaite price then sting them with the extras
Are you a Part 1 student or something?A blonde... cleverly disguised as a Brunette.......;)0 -
No worries Pete - as you can tell some of us are quite opinionated
Personally I think you're in a great position to buy...in later years. I live in Soton myself so admittedly I'm not totally au-fair with the Eastleigh market but there has definetely been a drop in value in new builds here (which granted are mainly flats).
I just wouldn't want someone to get stitched up with negative equity or a big borrowing commitment.0 -
if i was to get an offer of £160K accepted.... would everyone still agree that this whole thing is a bad idea?0
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