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The Essential First-time Buyer Tips

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I like the fianl paragraph, recommends people rent to avoid negative equity



Once you have weighed up the costs of buying, there is one more thing you should consider: perhaps it might be better to rent.

It is a buyer's market at the moment. This sounds great, but what it really means is that there are lots of homes on the market that are not selling. This is because estate agents and sellers are reluctant to drop their prices and face the fact that in many parts of the country prices are past their peak.

As a result, it may be worth staying in rented accommodation for a little while longer and saving up a bigger deposit. House prices have been falling slowly in most regions. But with mortgage rates remaining stubbornly high because of the credit crunch, it may not be a good time to push your finances to the limit and risk getting into negative equity. "

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  • 293 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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