I have had an offer on a house accepted (around Morden - South London), have paid for the survey and part of the solicitors costs…
Now I really am getting cold feet. All I wanted was to get a house, for my new wife and I to decorate it and make it our home, rather than having a rented place where we are pretty tied to what we can do. I have not overstretched myself to get this mortgage as I have a 10% deposit (the 2 bed house is 205000 - down from 212500 it was on the market for)
Now I'm not sure if I'm doing the right thing buying - especially after the recent news regarding house prices etc. I'd probably look to stay there for 5 years or so, but would hate to be in a situation where I want to move but am stuck there because of negative equity.
Not sure what to do now, or where ot get the best advice from…?
Cheers
J