Struggling to get back on the property ladder…

bpj

At that rate surely the interest would come to more than the rent on the same type of property?

If this is true you only gain from buying now if you think property prices will rise a lot in the short term.

Personally I would find renting easier and much less stressful that trying to find a property that sounds like it might not exist.

I assume that renting a suitable property would be just as useful for custody concerns?

Chris_English

SuseOrm said:

Of course lender’s stitch people up and move the goalposts almost constantly, the market is quite clearly rigged with first-time buyers having to jump through numerous hoops.  Various schemes sold to them through marketing ploy is as a grand idea when in fact Leone actually help the developers honestly I can’t believe anybody would be so naive therefore I’ll assume you’re just being facetious

Lenders want to lend money to people, that’s their business, the way that they make money, so they really aren’t in the game of stitching people up.

Your situation is made harder because you’ve defaulted on agreements in the past. More than one, I seem to remember. Lenders preferring not to lend after defaults is pretty reasonable.