I bought a house last week, 2 bed 75sqm in Slough 360k new build.
I lose 500£ to back out.
What should I do?!
A recession will surely put me into negative equity.
It's my first house.
You'll be fine. Presumably you have help to buy because the government is throwing money at house buyers, and mortgage rates are low. And property is generally on the up. There might be a short term blip but as long as you're staying out for a few years you'll be ok.
Where are you moving from btw? Slough is next door for me