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Help negative equality and new home
Comments
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can i just say this is a very depressing thread! i was a 1st time buyer 2 yrs ago, now in approx. 70-80k negative equity on a 2bed appt that i have already grown out of. cant stand neighbours and desperately want to move. but obviously cant. i may actually have to retire here! all im doing is saving all i can and waiting to see what happens. i can still afford it and life could be a lot worse. my advice would be to just sell it and rent. i would do the same if only i could. things could get a lot worse by taking out large loans and debts that could spiral out of control.0
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just being nosey, how did you manage to get in so much negative equity? did you add other loans to the mortgage?0
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hi jenner
i assume your referring to me! no no extra loans or anything. unfortunately bought at the peak of the property prices and thats how much its dropped so far.0 -
Hi,
Not sure I can add anything but this situation did occur in the 90's. I recall my sister had a similar problem - basically saving/overpaying is teh best route.
Katie, Can I ask what area of the country are you in? In the southeast we have seen prices come back, not too peak but I am wondering if the flats tend to have more of an issue.0 -
Go away spammer.Hi, we've noticed that you don't have a signature to remove. If you're not sure why please read the forum rules or email the forum team if you are feeling left out.0
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PropertyDebtSolutions reported for spamming numpty
Business must be bad if you have to tout on here. Real shame you get banned soon0
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