Gazumping...

Milliewilly

Sphynx wrote: »

Thanks dander, I was bothered about it to start with but I have become less so from reading this thread I am well aware it is a long shot but as the property is empty and we have a first time buyer it's hardly the longest of chains. I suspect the property has been inherited as it is in a run down state and surely those inheriting are entitled to make the best money they can on a property??

I doubt very much we would be paying over the odds. The property was priced low due to no dg etc, but is on a huge corner plot and is a 70's build so unlikely to throw up any problems.

8RRJ noone is giving trackers at 1% above the base rate anymore, I want to hang onto mine. Plus I would have to rent in the school area and there is nothing there to rent either...

This is the problem I have - I have been looking and trying to buy seriously since September last year. Even as a cash bidder I am getting outbid - yes I have a mortgage too but at base +0.17 for life I want to keep hold of it and keep the cash invested instead. I only have 6 months to port it onto a new property after completing the sale on mine and I will be gutted if I have to lose it. To rent a house similar to one I am trying to buy would be £1200 per month versus £300 mortgage so if I have to gazump someone by a few grand to get what I want then I will.