Dilema
Feb 17th 2008, 10:23 pm
#1
mmmmmm duff
Thread Starter
Joined: May 2006
Location: Maudsland, Gold Coast, QLD
Posts: 1,629
Dilema
As many others, we are struggling to sell the house. I have been out of work since Xmas, and I feel that this house is starting to eat in to our small savings pot. The estate agents are trying to be positive..... But looking deeper in to it, by the time we have accepted an offer, paid the fees we will be lucky to get £5k profit. We are also paying £1k a month on the mortgage...
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
Feb 17th 2008, 10:49 pm
#2
Forum Regular
Joined: Feb 2008
Location: Gold Coast
Posts: 74
Re: Dilema
Don't despair.
Our house has been up for sale since June 2007 and we were beginning to think it would never go. We have had 6 viewings and two offers in one week. Things are suddenly moving, so I hope you have the same result. Good luck.
Our house has been up for sale since June 2007 and we were beginning to think it would never go. We have had 6 viewings and two offers in one week. Things are suddenly moving, so I hope you have the same result. Good luck.
Feb 17th 2008, 11:38 pm
#3
Forum Regular
Joined: Jul 2007
Posts: 136
Re: Dilema
As many others, we are struggling to sell the house. I have been out of work since Xmas, and I feel that this house is starting to eat in to our small savings pot. The estate agents are trying to be positive..... But looking deeper in to it, by the time we have accepted an offer, paid the fees we will be lucky to get £5k profit. We are also paying £1k a month on the mortgage...
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
Have you tried one of those quick sale companies?
What about changing it to an interest only mortgage(if you haven't already) and renting it out if that would be enough to cover the mortgage?
Am sure you have thought of the above but mentioned just in case
Good luck
Feb 18th 2008, 12:18 am
#4
Forum Regular
Joined: Oct 2005
Posts: 201
Re: Dilema
I was also going to suggest changing to an interest only mortgage
Good luck and hope it sells soon
Good luck and hope it sells soon
Feb 18th 2008, 12:32 am
#5
BE Enthusiast
Joined: Mar 2007
Location: Leighton Buzzard... still
Posts: 791
Re: Dilema
have you looked into renting it out?
Feb 18th 2008, 2:14 am
#6
mmmmmm duff
Thread Starter
Joined: May 2006
Location: Maudsland, Gold Coast, QLD
Posts: 1,629
Re: Dilema
Yeah, looked at renting and interest only... not really an option.
Its quite a new mortgage so most of the payment is interest :-/
Rent wouldn't cover the interest either....
Those quick buy companies wont pay enough to cover the loan amount :-(
Mark
Its quite a new mortgage so most of the payment is interest :-/
Rent wouldn't cover the interest either....
Those quick buy companies wont pay enough to cover the loan amount :-(
Mark
Last edited by MarkMC; Feb 18th 2008 at 2:16 am.
Feb 18th 2008, 4:11 am
#7
Lost in BE Cyberspace
Joined: Jun 2007
Location: Tropical North QLD
Posts: 21,434
Re: Dilema
You may wish to consider that at some time in the future, you may want to return to live in the UK & want to have credit again!
Feb 18th 2008, 7:43 am
#8
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Joined: Jan 2008
Location: Musselburgh, Scotland
Posts: 225
Re: Dilema
I hope you get it sold 
Feb 18th 2008, 9:32 am
#9
BE Enthusiast
Joined: Oct 2007
Location: on the good side of hell
Posts: 455
Re: Dilema
As many others, we are struggling to sell the house. I have been out of work since Xmas, and I feel that this house is starting to eat in to our small savings pot. The estate agents are trying to be positive..... But looking deeper in to it, by the time we have accepted an offer, paid the fees we will be lucky to get £5k profit. We are also paying £1k a month on the mortgage...
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
Feb 18th 2008, 9:39 am
#10
BE Enthusiast
Joined: Jun 2007
Location: Geelong
Posts: 548
Re: Dilema
As many others, we are struggling to sell the house. I have been out of work since Xmas, and I feel that this house is starting to eat in to our small savings pot. The estate agents are trying to be positive..... But looking deeper in to it, by the time we have accepted an offer, paid the fees we will be lucky to get £5k profit. We are also paying £1k a month on the mortgage...
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
What would happen if we just left and put the keys through the banks letter box, perhaps with a small note - Gone to live somewhere warmer....?
its sooo tempting
HI JUST WANTED TO SAY WE BROUGHT IN 1989 AND 2 MONTHS LATER FLAT WAS WORTH NOTHING!! SO WE HUNG ON TILL 1995 RENTED IT OUT (ALL WENT T--S UP SO CONTACTED BUILDING SOCIETY AND WAS TOLD TO FIND A BUYER WHATEVER THEY WERE PREPARED TO PAY AND THEY WOULD TAKE ENDOWNMENT AS FULL AND FINAL PAYMENT AND NO DEBT WOULD OCCUR (THEY DIDN'T HAD TO SIGN A DEBT DECLARATION)
4 DAYS LATER OFFERED ANOTHER MORTGAGE BY THEM TURNS OUT WE NEVER HAD A BAD CREDIT RATING BUT WOULDN'T RECCOMEND AS THE WORRY FOR 10 YEARS WAS HORRID!!!KARENX
