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The original was posted on /r/ukpersonalfinance by /u/Jesslondon on 2023-07-02 20:43:36+00:00.

I recently put down an offer for a 2 bed flat in London. The seller wanted 300k but I negotiated down to 290k. The seller has accepted. The flat needs a bit of modernising. This is my situation: I am 30 years old, lucky enough to move back in with mum while I saved for a deposit. I need my own space and my mum needs her own space but she is okay with me staying at home as long as needed. I don’t want to take liberties with her. However, with mortgage rate increases and news of a uk property crash should I buy that home, continue with the offer, or wait. I can try to renegotiate with the seller but I doubt he’ll go lower until the market decreases. This decision is so stressful as it feels like no matter what decision I make it is the wrong one. I am in an ok position and I realise a lot of people are in worse predicaments.