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Should we buy now or wait for house prices to fall later this year?

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A couple with young children want a long-term home in Liverpool and are feeling the strain of living with the in-laws

Q My fiancee and I are looking to buy a home in Liverpool. Our budget is about £160,000, which includes a cash deposit of £22,000. We’re looking for a three-bed house ideally with a bit of garden. We’re not afraid of some work to get a home renovated – and would most likely be doing so whatever we bought, so it would be a good long-term home for us and our two young children.

We are living with my in-laws but would like to be in our own place as soon as possible. There’s a lot of unnecessary arguing and shouting in the house which is really affecting the mental health of my children and my partner. However, my in-laws are convinced that because of inflation house prices are artificially high, and are due to drop considerably later this year.

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