satan Posted June 10, 2009 Share Posted June 10, 2009 I want to buy my council house! I have saved 5% deposit. Is this enough? Also am I right in buying now? Thanx Shane Link to comment Share on other sites More sharing options...
Naylor Posted June 10, 2009 Share Posted June 10, 2009 you should get a good mortgage depending on the discount you get from the council. Most lenders will give a 95% mortgage because the house is worth more on the market than what you will be paying for it. This puts you in a good position because from the start you will have equity in the property. I'd go for it bacause the market is flat at the minute.... Link to comment Share on other sites More sharing options...
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