Having some issues once again with our house buyer and it’s getting to the stage where we’ll end up losing the property we’re purchasing.

So we’re considering alternatives, which in this case for discussion is purchasing a new build Bovis home and P/X ours for their property.

Reading some of the info on the WWW it’s not exactly brimming with praise for them… but thought I’d ask on here.

We considered it when we moved but we couldn’t make it work financially. The developer needs to get their money somehow so you either end up paying way over the odds for the new house or they give you a rubbish px price on your current house. Sometimes both.

Most people who PX have a house that wont sell for some reason or another, this adds risk for the developer so the price needs to reflect this.

One of the biggest issues for me was that it limited us to a new build and these are generally small, on an estate with lots of close neighbours, small gardens, expensive and often go into negative equity shortly after buying due to it not being new anymore and there being lots of the same house available. I realise there are lots of sweeping statements here and new houses will work for some, its just my opinion and findings.

We ended up significantly lowering our asking price and selling the conventional way and were still better off.