Is this really a good time to sell a home?

fc123

Hi Lotto...just picked this up............It will work out fine .
The only other thing is getting a good rate for your savings BUT somewhere safe and low risk.
Don't let the bank talk you into any fancy schemes....as soon as the cash is in your account, they will be 'phoning you up I bet.

Savings board will help with ISA's and things

Also, that penalty for early repayment on loan...outrageous...robbers. I don't know if anyone on the loans board can advise you......perhaps it could be waived?


This whole thing may be good for the boys too. It may get the younger one to focus on what to do workwise.

Hope the exchange goes to plan.

lotto-dreamer

fc123 wrote: »

Hi Lotto...just picked this up............It will work out fine .
The only other thing is getting a good rate for your savings BUT somewhere safe and low risk.
Don't let the bank talk you into any fancy schemes....as soon as the cash is in your account, they will be 'phoning you up I bet.

Savings board will help with ISA's and things

Also, that penalty for early repayment on loan...outrageous...robbers. I don't know if anyone on the loans board can advise you......perhaps it could be waived?


This whole thing may be good for the boys too. It may get the younger one to focus on what to do workwise.

Hope the exchange goes to plan.

I am now on tenterhooks until tomorrow to see if exchange will take place - I can then make plans properly.

I will definitely be visiting the savings board (that will be a lovely novelty ) and my first thought was to get as much as I am allowed into an ISA to start with as quickly as possible. I will also get advice on the balance.

Will dig out the paperwork on my loan and will get onto the loans board as well. Perhaps I should fight that one if possible - it does seem outrageous. Need to check the small print.

I opened a bank account with Barclays -online banking and visa debit - earlier this year as a "parachute" account (saw this advised on the DFW board) - I am thinking of having the sale proceeds from the house paid directly into that account on completion rather than Natwest - just in case Natwest decides to help itself to anything. I will then distribute everything from there. Is this a good idea? Do I need to warn Barclays that my account, which so far I've only used for Amazon and eBay sales proceeds, may suddenly have a large sum being paid into it?

Thanks again for all your help and advice.

Will report back tomorrow evening - with, I hope, the news that I've exchanged.

fc123

You don't need to tell Barclays anything...but they may 'phone you to see if you ''have plans for the money''. Say you have for the time being.

Just take each thing step by step...anything you are unsure of....check here or another board first :-)

lotto-dreamer

An update to say that contracts exchanged today and completion is agreed for Monday 15th December.

Feeling a bit shellshocked but also relieved my current money worries will soon be at an end -

I will be signing the tenancy agreement for rental property on Thursday and receiving the keys - so can start to move in slowly with final haul on 15th

Thank you for all your advice on here - I am deeply grateful. Thank goodness for MSE - I will be found on the savings boards soon! Lots to do over the next 13 days (including day job :rolleyes: ) but hopefully I'll be settled by 2009 - at least I have a break from work between Christmas and New Year.

xx

space_rider

lotto, you must be so relieved.

fc123

lotto-dreamer wrote: »

An update to say that contracts exchanged today and completion is agreed for Monday 15th December.

Feeling a bit shellshocked but also relieved my current money worries will soon be at an end -

I will be signing the tenancy agreement for rental property on Thursday and receiving the keys - so can start to move in slowly with final haul on 15th

Thank you for all your advice on here - I am deeply grateful. Thank goodness for MSE - I will be found on the savings boards soon! Lots to do over the next 13 days (including day job :rolleyes: ) but hopefully I'll be settled by 2009 - at least I have a break from work between Christmas and New Year.

xx

Fantastic news..new start and all that.

I live now by my signature...an old wives tale...and it's really worked for us.

Sometimes we decide to do something, then stop, and stay...ooops thats was how we USED to do things...is there a different way to do whatever it is?

A new SOA for when you move in and a savings fund, already on the go, if you decide to buy again in the future.
Hope the move goes well

lotto-dreamer

fc123 wrote: »

Fantastic news..new start and all that.

I live now by my signature...an old wives tale...and it's really worked for us.

Sometimes we decide to do something, then stop, and stay...ooops thats was how we USED to do things...is there a different way to do whatever it is?

A new SOA for when you move in and a savings fund, already on the go, if you decide to buy again in the future.
Hope the move goes well

Thanks fc123 - yes, it's a new start It's been a hard decision but I mean to make it work.

It's scary though - lots to do (including the day job :rolleyes: as I only have three days holiday left, two now taken for moving day and day after), which is the reason why I'm awake at 5am with so much going round in my head as I can't sleep - but at least it's a change from the usual reason I wake up at unsociable hours and I never want to visit those dark days again. My heart goes out to anyone else in that situation.

A DMP was really the only other way out for me - but my boys will go off to lead their own lives sooner or later as you pointed out and I didn't want to be relying on them for additional income just to keep my house (even though it may have benefited them in the long run, I'll have to live with that regret)

My new SOA - after 15th December - will make much happier reading. I mean to keep it that way. Savings boards here I come (plus old style board and all those other wonderful sources of advice on these forums)