help to buy disaster

coypondboy

Is anyone in negative equity having bought a property using the help to buy scheme?

Fingersoffish

How recently did you buy it? I say this because house prices have risen phenomenally in the past 18 months (My house increased by 20%)

Have you had a recent valuation? 

Chris_English

What's the disaster? You are (presumably) still living in the house, and paying the mortgage.

Keep_pedalling

Chris_English said:

What's the disaster? You are (presumably) still living in the house, and paying the mortgage.

Going by the OPs other threads a flat unsafe cladding.

coypondboy

London flats biggest users of help to buy and the majority now in negative equity if bought since 2015

MattMattMattUK

coypondboy said:

London flats biggest users of help to buy and the majority now in negative equity if bought since 2015

The average price change on a London flat since 2015 is a 25% gain, there will be some variation and a new build will gain slightly less. It is factually inaccurate to say the majority are in negative equity, a very small minority will be, but that will relate to very specific circumstances (flammable cladding, possibly new builds bought in Q1 2020 with tiny deposits etc.