nic.gem.soph

Ours was too, but spoke to our finance chap and he told us to change to an interest only mortgage, which will make it affordable, just.... Not doing it yet, fixed period/rate finishes in Sep.

nic

teebrown

We too have just changed ours to an interest only mortgage, which has may a massive difference, I think you can do this even if it's a fixed rate. Now we are going to ride the storm, and to encourage us to have tenants, we dropped the rent by £50 a month, so it's more appealing, we had people ringing us all day to view the property.

newzealandplease

Good luck to anyone selling.

We finally manage to complete yesterday. Its def a buyers market. Our 'financial dream' of what we could do in NZ has broken, but we still have the dream of being able to live here

So at 34 I'm starting out again with what I had at 20, pretty much nothing

Am Loolah

At least it's currently a buyers market here, so you may be ok? At least you've sold now so you can move on and follow your dreams.

gina and danny

dont despair sellers!!
we thought we were going to have to rent our place out but yesterday ( with only two weeks till we fly) we accepted the offer on our house, everything going through quite quickly, so yes houses are still selling.

gina

goodluck to everyone selling.

TeamEmbo

Ditto; 'cept we're pushing 40 and have 2 adolescents in tow that weren't around when we were 20 Back on 95% mortgage over 25yrs - but it's all good

jill stanton

We bought a DIY power of atourney pack from WH Smiths, and it cost just £15. Once you have read through the instructions, there is only one form that you need to fill in, and it is basically names and addresses, and signatures.

So it is really easy.........

Jill

Genesis

Really feel for you, I am almost 50 and have just lost my life savings of $140k NZ to a finance house that has failed to meet its obligations.

So I am back to square one in many ways...at my rate of $27.50 per hour as a cleaner it will only take me 5091 hours to claw the money back.:curse:...I do 2 hours a week so it will take me 53 years...how bloody funny is that???????

pumpkinlou

CONGRATULATIONS!!!!! That's fab isn't it. Talk about last minute eh!!! We had our 5th viewing since April but still not an offer. We are resigning ourselves to the fact that we will have to rent and just send OH out to work ASAP when we arrive. But it'll all be worth it.

Good luck everyone in the same boat as us.

Lou
xx

Genesis - I am so sorry to hear your awful news. What a nightmare. Isn't there any insurance or anything the government can do to help you out? It's such a disgrace that the bosses of these companies can get away with millions, leaving hard working honest folk skint.

ScottyD

Reading this thread makes me realise that for most of us considering or in the process of making the move we have all got similar or the same worries regarding our houses. There has to be some solace in that!

We spent a long time deciding whether to sell or rent ours, and have decided to rent it out, but it's been on the rental market for over a month and not a sniff from any tenants so we've reduced the rental price to try and generate some interest as we leave in 8 weeks time and amongst everything else we are sorting out it's our biggest worry that we won't have a tenant and hence a rental income to cover the mortgage when we are in NZ.

Talk about stressful!

pumpkinlou

Hi Scotty D

I know what you mean. I am really hoping that we find tenants. The Property Guy said we would have no problem, but we thought that when we originally put our house on the market.

Am going to cross everything for all of us!!!

Lou

pp15doodoo

Our sale fell through about 2 weeks ago. That's completely blown our timetable for selling and getting out to NZ - job starts in Auckland in October so looking to leave here at end of September. We reduced our price by a total of 40k - and even in the final weeks we were getting no viewings.

Sounds like anyone who sells now might be thinking they've not got a great deal - but from what I'm reading you might look back on it in a few years time and be glad you did.

We're going to rent it - we're lucky that it stacks up for us - just about.

Anyoneone want to rent a 3 bedroom house in Worthing? It's on here...

http://britishexpats.com/classifieds...p?product=2303

JK1

omg I recognise your house we last lived in worthing in 1997 but know the area well! my heart goes out to you with your sale falling through. we used to live on Rowlands Road! MIL still lives in Goring and OH grew up in Durrington! what a small world.
it might be worth trying the local housing association they are always short of property! good luck

Charlie Paynter

I know Worthing as well, as back in the early nineties, use to live in Bognor and then Brighton and worked in Lancing! But I am surprised that Worthing has been hit hard by the slow down, being near the sea and also in demand by the retired brigade. Mind you, if you can can that sort of rental income for a 3 bed terrace place, I say keep it!

pp15doodoo

Rented it out today!! Auckland here we come!!

And good luck to anyone in a similar position that we were in.