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Ripped off on my first house purchase

flopstocks · 2009-11-19 22:56:37

Hello all, my partner and I recently purchased our first brand new affordable house with the 106 aggreement. With this aggreement we pay 68% of the market value, and when we come to sell we get 68% of the sale price. We were very happy with this thought we could not loose. Unfortunately our timing was very bad, our first…

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Blacksheep1979 Posts: 4,224 Forumite

20 November 2009 at 3:38PM

I'm sorry but you weren't ripped off you were just stupid - it was all over the news that house prices were dropping, didn't you think to get it revalued etc? Don't you think that the person selling wants to get the maximum return on the property so won't turn round and offer it for less than what you're willing to pay?

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Ripped off on my first house purchase

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