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Thinking of buying
This page is written for people considering buying a home to live in. If you are thinking of investing, you may like to see: Thinking of Investing or BTL Landlord
Contents |
Advantages of buying now
- You don't have to pay someone else's Mortgage - Why renting is not dead money
- You could make money - Some think prices may go up say 5% - Price Forecasts
- etc.
Disadvantages of buying now
- There could be a House Price Crash
- Prices will struggle to keep up with Real Inflation. Price Forecasts
- Protection of capital (see investments)
- If you are selling for other reasons, no transaction costs
- etc.
- Loss of freedom
If you must Buy
- Go for a long term, fixed rate Mortgage