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- Sep 5, 2019
- 27
- 22
Hi,
I was quite lucky in that nearly 2 years ago I purchased my first property with my other half worth £98,000 at the time. With deposit and payments we now owe around £88,000 on the mortgage.
Very similar houses on the same road have sold for around £140,000 so we are getting ours valued today.
My question is whilst pocketing 50k profit - costs from renovating circa £15k at worst, the housing market is quite expensive at the moment. My worry is if we buy somewhere else and the economy goes downhill as per a lot of people's concern with Brexit then we will end up with a new property that's lost a large amount of value.
Can anyone offer any expert advice? This really isn't my forté
I was quite lucky in that nearly 2 years ago I purchased my first property with my other half worth £98,000 at the time. With deposit and payments we now owe around £88,000 on the mortgage.
Very similar houses on the same road have sold for around £140,000 so we are getting ours valued today.
My question is whilst pocketing 50k profit - costs from renovating circa £15k at worst, the housing market is quite expensive at the moment. My worry is if we buy somewhere else and the economy goes downhill as per a lot of people's concern with Brexit then we will end up with a new property that's lost a large amount of value.
Can anyone offer any expert advice? This really isn't my forté
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