GD’s profile

Ok thanks ed. so in your opinion is the climate not getting a lot warmer? And why would it be something that would be made up?

Good advice red.

Help to buy schemes are a disaster waiting to happen, especially if you are going to buy a new build. As new builds are sold over value, you will immediately be in negative equity. With interest rates increasing within the next 2 years, lenders will more then likely refuse to offer a new product when your existing deals ends, this is currently happening with shared equity schemes. The result is leaving you on svr which can raise at any time. If interest rates do increase by 1% you will be paying at least 6% if not more. Once this happens you will find more people default on their mortgage resulting a house price crash leaving those who are on a help to buy in even bigger negative equity. My advance as a cemap qualified mortgage adviser is to wait and save a bigger deposit. It gives you a bit more breathing space if things go belly up.

Sorry but I got to flag this, Franky. MP or Funeral Director! hilarious buddy.

Personally I think there is going to be another crash and I would be very wary, don't forget the debt that we owe is still there, even with all the cut backs we are only paying the interest back, now if you have a very secure job and you are say a MP or a funeral director then go for it, seriously I have my doubts.