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Advice to new home owners

If you have bought a house within the last two years you may now find that it is worth a little less than you paid and your mortgage repayments are a little more.

With world interest rates now rising, house prices will continue to fall whilst repayment costs continue to go up. So here are some suggestions:

(1) Go back to the person who you bought the property from and ask them if you can have your money back

(2) Speak to your lender and ask them if they could arrange a special very low interest rate just for you

(3) Write to Gordon Brown and ask if he will reintroduce miras

(4) Put the house on the market and hope that an even bigger mug will give you what you paid for it

(5) Start buying sterling in order to force interest rates down.

Advice to prospective home owners

So you still havnt bought yet?

Good! Delaying things may well be the smartest decision of your life.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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