Plenty of new builds around at the minute to rent.

would never happen as you would get a 100% mortgage

Therefore any deposit you may put in could be lost

Houses are the long game and within 5 years I would expect them to go up slightly

If you're even contemplating the scenario don't buy a property. Repossession is not a good thing and will have a serious effect on your future credit options.

If you buy well there's very little chance of losing anything at all, just do your homework.

If they take it off you that will almost surely be noted down somewhere and you'll have big problems getting a mortgage in future.

You won't get a 100% mortgage either to stop this situation happening.

so wud u be better to just let them to take it from you and move into rented rather than be 5-10k down in cash?

pretty much, plus any redemption/early repayment penalties

hi every1

say i get a mortage for 115.000

interest only for 5 years

after 5 years it sells for 110.000

obv i still owe 115.000 as i only being paying interest,

is it just as simple as u owe £5000 to the mortage company or how does it work?