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Doesn't that make it a vicious circle for potential buyers...they could afford mortgage repayments but because rental is higher they can't save sufficient for the deposit and fees

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When we sold a few years ago our agent said he had plenty of enquiries from people who said they wanted to downsize but probably only about 1 in 20 actually did so. The issue was people had say a 4/5...

I think you're correct. Many people just look at the monthly cost in the same way as car leases or PCP. Only problem is housing is not really a discretionary spend either ownership or rental

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The only problem of FOMO is that anything you buy will have also increased in value....unless you downsize but as you are obviously into your cars, that seems unlikely.
Unless you can find a large...

However frustrating it must seem. I would also agree with you. I think there will be some levelling out and fall back in the market within the next 6 months.

The problem with house prices is that...

I just had a check on Rightmove and for our area there are no properties for sale within 3 miles - we are relatively rural - over £500k with 10 listed as SSTC

If that continues it will have a...

You may be correct but when we sold our previous house - a 3 bed cottage in the countryside, we had plenty of viewings from "downsizers". None of them made an offer with comments such as great...

The issue for an government is that it produces around £10bn a year in revenue. So if you removed it you would need to replace that with some other form of taxation (assuming you wished government...

That's interesting I noted from Rightmove in our area there are very few properties that aren't marked sold.
I wonder if agents might struggle with a property shortage later in the year [emoji848]
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I wonder if the buying frenzy will slow down a little now ? AFAIK it could be difficult for buyers to complete in the time before the stamp duty holiday ends. This is based on what I've read in the...

One of the reasons those foreign investors choose London is because of the very low likelihood that the government will confiscate the asset in the future. The same cannot be said for some of the...

Wow that's incredible

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Good luck with the viewings, although I suspect you will be in the crowd when it comes to buying your new house [emoji57][emoji57]

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I believe so also as they get paid regardless of whether it sells or not

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That's fair enough but I've lived through refurbishments before and I found it draining towards the end so thought it might be an idea. I've found the best way to test a potential buyer is to ask...

Could you negotiate a quick exchange but longer completion to help you out ?

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What I've noticed here in S.Norfolk on Rightmove in the last month is a lot of property has been marked as sold - around the £500k + . Whether people are assuming not much new is going to appear so...

Good luck with your purchase - it's a nice understated part of the world [emoji106]

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We had the same sell despite being cash buyers and not needing a mortgage. The mortgage adviser did apologise when he rang to book the appointment for wasting my time though [emoji50]

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