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My partner and I are quite worried. We have scrimped and saved for a 15% deposit on a house in London, we are nearly ready to exchange contracts. We are not high earners. I myself never wanted to live in London, but her entire family live here and she is very family orientated, it would break her heart to move away despite the advantages in us doing so. If Brexit occurs, I can understand it could lower prices for some time and even plunge us into negative equity. I know there is a case for Brexit to mean both higher and even lower interest rates. We need to plow on with the purchase as its the best house we have found for the money and the prices have gone up vastly since our offer was accepted (Dagenham areas prices have been going up £600 a day in recently months). If we wait any longer for the referendum we could lose the house and if that happens and we remain, house prices will have risen beyond us getting a 3 bed house. Any advice you guys can give us? I have tried getting her to move away from London but I don't think our relationship would survive it. (She refuses to have kids without her family nearby and I desperately want kids!) We have gone for a 5 years fixed mortgage which may help us ride out the storm in time for prices to recover and interest rates to normalize. Is there anything more we can do? (Politically I am left wing, I would love to be able to leave the EU to join or form a more socialist union. But I do not see it happening until a left wing government exists here, my opinion is to remain until we get a left wing government, then leave).
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Jun 9, 2016 10:38
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| # ¿ May 11, 2024 20:37 |
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