Trapped into living with the ex

amcluesent

Gemma Appleyard had been with her boyfriend Ben Blackwell for three years when they bought a two bedroom terrace house for £350,000 in Hither Green, south-east London, in June 2008.

Ben's mother gave them £100,000 for the deposit.

By November 2008 the couple had broken up. However when they tried to sell their house they realised the value had fallen to £280,000.

A £70,000 loss on the house was too much for Gemma and Ben to take, so they have resigned themselves to living together. "It'll get awkward when one of us meets someone else, that'll be difficult," says Gemma.

Propertywatch, a new series on property prices and the downturn, will be broadcast from 11-14 May at 2000 BST on BBC Two.

mvengemvenge

Lol, I was just going to post this and you beat me to it!

I get the feeling that this must be happening to more and more couples.

leveller2911

Your hearts gotta bleed for them.Must have been real tough having mummy give them £100k deposit...Bless !!! Thanks for that amcluesent, have to watch that..

amcluesent

No doubt Ben's getting an ear-wigging from Mum, about 'that trollop' and how she always said she was no good.

1984ReturnsForReal_2

:rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes::rolleyes:

Ummmmmmmmmmmmmmmm


No, I don't feel sorry for them...

obsessed_saver

They must have been caught up in the hype of property buying, thinking it will bring them happiness. Then they found that their happiness did not come from owning a proprety, and unfortunately, the property market collapsed around them.

bo_drinker

Mummy will have to take the hit and lose out if she wants her little soldier to move on to the next trollop. I feel really sorry for them :rotfl::rotfl:

Wookster

Tough.

Many people were suckered into thinking that property would never depreciate in value.

GDB2222

But by June 2008 prices were already falling very sharply.

1984ReturnsForReal_2

GDB2222 wrote: »

But by June 2008 prices were already falling very sharply.

So must of been their relationship!

dopester

12 to 24 months time, this pair of jolly Labour-heads, would love their home to be worth £280,000, if it hasn't been repossessed.

They aren't in negative equity so they could still sell. Service that quarter-of-a-million-pounds mortgage, as values correct to economic reality.