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Grateful for some advice
Keira_B
Posts: 28 Forumite
Hi all
We have a 2 bed flat in East London and are considering looking for a house instead. Prices have fallen in our area since the stamp duty rise, but my income has increased. We have had conflicting advice from Estate Agents, Financial Advisors etc. It would be great to get people's thoughts on whether now might be an OK or a risky time to make a change.
We have a 2 bed flat in East London and are considering looking for a house instead. Prices have fallen in our area since the stamp duty rise, but my income has increased. We have had conflicting advice from Estate Agents, Financial Advisors etc. It would be great to get people's thoughts on whether now might be an OK or a risky time to make a change.
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Comments
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Very much a personal decision. You've an increased income so could save/overpay your existing mortgage and build up the amount of equity you have. While watching which way the markets moves. If prices fall then the gap to bridge will likewise fall.0
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No-one knows what is going to happen with prices and anyone who says they do is an idiot.
Do what is right for you and your life.
It is a decision you live with for decades so worrying about prices since March this year has little validity.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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