PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

First Time Buyer - Advice Needed!

Options
2»

Comments

  • lynzpower
    lynzpower Posts: 25,311 Forumite
    10,000 Posts Combo Breaker
    You could put in the offer then wait for the surveyor to down value it. It will cost you the survey fee. The surveyor will do if its been on the market for that long!
    :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
    Theres no dollar sign on piece of mind
    This Ive come to know...
    So if you agree have a drink with me, raise your glasses for a toast :beer:
  • em-1986_2
    em-1986_2 Posts: 108 Forumite
    Im confused! sorry im a first time buyer what do you mean down value it?

    Thanks
  • em-1986 wrote: »
    Hi All,

    I am a first time buyer - I have seen an apartment that I like! Its been on the market nearly 2 years - went on at 112k the vendor wont accept lower 106k.

    My best offer was 100k and was declined! I cant go any higher I found a 95% mortgage with 5k deposit for 100k.

    Just wondering what to do now, does anyone know any good 95% mortgage deals with lower interest rates?

    Any advice will be most appreciated!

    Thanks :o
    Well Em, I would hold on and keep saving. Who knows what the sellers are thinking, I wouldnt even try. You made a fair offer and it was rejected, they will probably regret it in time. Keep looking, this property just may not have been for you. Goodluck with whatever you decide.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.