FTBers. Can we do this?

dotexe

So I have this dilemma.

Go for this property. Get on something like the Co-Op's 5yr fixed rate at 3.99% (999 fee)/4.19% (fee free). Overpay where possible. Hope that we can afford to remortgage when the five years are up assuming that the rates are going to increase. How much could they possibly increase to?

Wait a year. Save up another 20k reducing the LTV giving us access to better rates hoping they and house prices haven't increased by too much in the meantime.

I just don't think I can make a decision. Perhaps I should buy a touring caravan instead.

dotexe

I know it's likely almost everything that can be said has been said but I would really appreciate any further views on this.

I'm tearing my hair out trying to decide whether to take the plunge or to hang fire.

We know the new-build property will lose value in the short term but will it be worth more or less in 5 years time at the end of our fixed rate.

We could handle rising mortgage rates, or a fall in house price. But not both.