anyone gone 'let to buy' on a house they can't sell?

23rdspiral

thanks again everyone - i wanted to find out about this from real people before talking to a mortgage person, so i'm very glad i asked here. you lot are great - offering advice, highlighting issues and pitfalls... cheers!

thanks also to Inmydreams for a very considered answer. i will be giving that thought. and yes, i do see what you're saying about not loosing what we've earnt through overpaying - cheers!

renovation man - we are wanting to move as we've outgrown the house, want a garden that's just ours so we can get a dog (shared garden space is common in our town), and have room in the future for my uncle to move in with us. so that's why we aren't desperate to move, we merely want to!

thanks Madeupname1 - i think that might be what our EA was initially going on about. we'll find out soon enough as i've a 30min slot with his own mortgage broker to find out what he's blathering on about, afterwhich i'll go to a whole of market broker if the situaiton is seeminly viable. i'll update on here when i know more about what i'm talking about and also what the EAs talking about!

RenovationMan

23rdspiral wrote: »

renovation man - we are wanting to move as we've outgrown the house, want a garden that's just ours so we can get a dog (shared garden space is common in our town), and have room in the future for my uncle to move in with us. so that's why we aren't desperate to move, we merely want to!

In that case, if I were you I would take my house off the market until the house next door has gone and settle down to a period of mortgage overpaying and carrying out any house improvements that you can do to make it more marketable.

We all have dreams and sometime you have to take risks in order to fulfill them, life is just too short to be really risk adverse. However, some risks are just foolhardy and you will be risking your entire financial security for a garden, a dog and an extra room that may be used in the future.

23rdspiral

RenovationMan wrote: »

In that case, if I were you I would take my house off the market until the house next door has gone and settle down to a period of mortgage overpaying and carrying out any house improvements that you can do to make it more marketable.

We all have dreams and sometime you have to take risks in order to fulfill them, life is just too short to be really risk adverse. However, some risks are just foolhardy and you will be risking your entire financial security for a garden, a dog and an extra room that may be used in the future.

i can see what you're saying... its just that we did the renovations 2 years ago, and have spent the last year saving and overpaying.... it just feels like life is standing still untill we move. i'm trying not to get frustrated and keep calm knowing i'm building equity.