As a buyer, What’s the downside?

Doesn’t seem to be much as far as downsides go. Free money for 5 years, and then only 1.75% (+ inflation) after that. Pay it off if you want, or lose a chunk of money when you sell the house. Either way it looks like a fairly sensible way to get onto the property ladder. Only thing I can see that would be bad is a crash in house prices, but it’s a risk I’d take. Better paying your own mortgage than your rent paying someone else’s.

I’m on the ‘ladder’, just looking at bigger houses. We can afford the full whack but seems crazy to tie up money we don’t have to.

It’ll restrict your payback period to 25 years and you won’t get the best rates but other than that it’s good.

boo. new build only. knew there had to be a catch.

At least you won’t have to:
– deal with a chain
– get gazumped
– have the seller mysteriously pull out
– be left with no resort if something in the house goes pop/is dodgy

New build all the way for me! A house is just a place to live and store the bikes in for me to be honest.

not for me and mine.

*stops looking at big victorian villas I didn’t think I could afford*