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New Build and Deposit !!!!!!
Mark148
Posts: 82 Forumite
Advice much appreciated, I have made a FUBAR
Offered £225k on a house and have a deposit of £35k, I thought this to be healthy until I read that you need 20% deposit for a new build.
Any suggestions would be much appreciated, and yes I am prepared to wait however would much prefer not to as I don't think my ears could take it from the wife;).
House £225k
Deposit £35k
Salary £65k
Debts Nil
I have tried to scour the net for providers of less than 20% deposit for new builds to no avail and I would prefer to have an option B in raising the additional £10k before I try to implement option A, which is to ask the developer to pitch in:o
Offered £225k on a house and have a deposit of £35k, I thought this to be healthy until I read that you need 20% deposit for a new build.
Any suggestions would be much appreciated, and yes I am prepared to wait however would much prefer not to as I don't think my ears could take it from the wife;).
House £225k
Deposit £35k
Salary £65k
Debts Nil
I have tried to scour the net for providers of less than 20% deposit for new builds to no avail and I would prefer to have an option B in raising the additional £10k before I try to implement option A, which is to ask the developer to pitch in:o
0
Comments
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Have you paid a reservation fee to the developer?0
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Yes, £250. It's the second to last on a small development and has been ready for the last 6 months. Original asking price was £245k and with developers incentive was agree at £225k subject to normal conditions. Valuation came back at £225 leaving me to find another £10k.
In a quandary but will get there.........eventually, so all advice appreciated as I am a novice to the art of house buying:o0
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