Is anyone still buying?

wjr4

As per a previous thread, I am currently selling and buying and this will continue. 

NoisyGiraffe

We're FTBs and have found a long-term home so we're pressing on. Our offer was accepted on the house 2 weeks ago and just waiting for the mortgage offer so we're still at an early stage. Everything going on at the moment is in the back of our minds, but as FTBs we're worried about everything so this is just a little added extra! We just keep reminding ourselves that it'll be worth it once it's done.

Chilli6

I've pulled out of a purchase. Had a high deposit to loan ratio however I'm a charity worker, relying on donations to basically pay my wage. We all know donations and gifts left in wills drop dramatically in a recession. I've got some savings but not worth the uncertainty for me

sjc93

Me and my partner are FTB's and we're progressing through with our mortgage. We just got our mortgage offer and currently waiting for the solicitor to conduct their searches... We have no chain on the other side so I think it's going to go quicker than we anticipated, but we're so excited and with everything going on, although stressful, we have secure jobs in the industry that we're both in and we really don't want to give the house up.

I think it all comes down to personal preference but we've gone for a 5 year fixed term, so we're certain we're at least staying in our first home for that long.

Chloe901

We've just had an offer accepted on our first home (yay!). We're in stable employment and don't plan on moving out of the property for at least 10 years - we've deliberately chosen a house which can grow with us. With interest rates literally at an all time low (we're fixing for 5 years) and no plans to move, even if kids come along, I'm pretty happy to proceed. 

anerise

We’re buying- first time buyers but stable employment, borrowing well within our means and found a house for the long term. We’re only 2 weeks in and mortgage application went in yesterday, so fingers crossed. It’s a short chain but dependent on the seller’s purchase so a bit nervous about that more than anything else.

Dancer11

Yep, FTB and due to complete on 27th, but had a call today from the developer asking if we wanted to complete earlier, so now hoping to get keys by Tues! 

Long term purchase, 5 year fixed rate, affordability based on just my salary, and £320 p/m less than we pay in rent, so it’s the right thing to do for us 😊

SharkMoney

I think the hardest decision is those looking to considerable move up 

I was looking at tripling my mortgage and covid is a real worry with job security.  

[Deleted User]

No I am not going ahead with my BTL purchase. It would be madness to enter the BTL world right now - it was mad before so this is the tip over the edge. That is from a rent being paid aspect 

The second is whether my investment will reduce in value. Why pay £330k for a house now, when it “might” only be worth £200k next year. I might as well wait and ride out the storm and reaccess. 

jaks101

Still buying in a chain supposedly completing on 30th, can’t wait.
A combination of low interest rates and lack of housing nationally will mean prices stay flat I believe.