Would you buy in the "up and coming" area

Erisu

helger wrote: »

I think the mortgage paying for the stamp duty is the current offer given by Halifax. So it actually has nothing to do with the developer.

Yes that's true but my broker told me if I can't move in before Feb 2014 then I will probably have to re-choose a mortgage and by that time the stamp duty incentive might not over

urbanmyth

Worked for us. Bought five years ago (work in CW so proximity was appealing) and now moving on for a larger place. Received four offers three days after we put our place on the market, all at asking price. 10% gain in five years.

We love it here but we've been priced out of our own area so we're having to move away! Clearly we're not the only ones who saw the potential in an 'up and coming' borough!

System

What arrogance by some of the anti London brigade on this thread.

What makes London different is simple - it is a city that is open longer than almost everywhere else. Transport means people can be in the City till midnight and later and still get public transport home.

ANGLICANPAT

kwmlondon wrote: »

On the subject of SE London,Honor Oak is very leafy and pleasant, zone 3 and on the overground. Not too expensive, though you'll have to work out what your priorities are for less than £250k as you won't have size AND location AND garden etc. but you can get something that will tick some of your boxes.

£350,000 wont buy much if you need a couple of bedrooms and outside space for a young family and want to live in a nice part of Honor Oak.