Desperate to move

sensiblesaver_2

Hi, we're desperate to move for various reasons. The house has been on the market since Easter but we haven't had much interest. We're on our 2nd estate agents now and they are saying the same thing as the 1st - there are too many identical houses in the area up for sale.

For a number of reasons we are desperate to get out. We have had serious problems with neighbours to the point where I don't feel safe in my own home. One plan was to rent ours out and then we can rent another one to live in. Taking advice from others on this site, I asked my mortgage provider for consent to let (GE Money) and they said no. They said they will only allow it in extenuating circumstances which are moving away for work or joining the armed forces.

As I understand it, the only other option is to remortgage so we can let which we don't want to do as we have no equity in the house (well 3%) and although he have savings for our new house deposit (GE don't allow overpayments) we are reluctant to use these to remortgage as we are currently on 2.04% above base rate. Also, we are having other problems going on which may mean that we need to access the savings.

The estate agents (!) have suggested letting the house without consent but that makes me a bit nervous. Does anyone know of any other "extenuating" circumstances that I can try and use on GE? Or does anyone have any other suggestions? I really don't know how much longer I can stay here, I've never felt so down and stuck.

Really appreciate any advice

leewigan

Have you had any interest in your house? Viewings etc?

Do you have a link. A lot of people on here are really good at helping you market the house. The only way to beat off the competition is to make it stand out against them

Hollypop_2

if you are that desperate to move why not look into one of these companys that say they will 'buy any house?' like the 'we buy any car.com' but for houses.

Yes you dont get market value but you'll at least be able to sell to them and move somewhere else.

sensiblesaver_2

Thanks for the responses. Holly - I have considered one of those companies, but looking into it, it seems the best case scenario is that they will knock min £10k off the price and as we have little equity, we will have to use a lot of our savings to pay back the mortgage. Unfortunately, it's very likely that we will soon need this money for another situation we are having to deal with.

Here's the link, apprectiate your help

DannyboyMidlands

If it's been on the market since Easter with little interest then your asking price is too high.

Because you don't have much equity, financially the best option is to stay put and pay down the mortgage.

But if you HAVE to move for other reasons then sell, take the hit and rent somewhere else to live rather than buy.

DannyboyMidlands

Just had a look at your link and I'm afraid that your asking price is really way to high. I think you'd be lucky to get £80k. Check out the competition:

http://www.rightmove.co.uk/property-for-sale/property-19333911.html

http://www.rightmove.co.uk/property-for-sale/property-19597395.html

http://www.rightmove.co.uk/property-for-sale/property-34701926.html

sensiblesaver_2

Hi Danny - I totally understand what you are saying. I know that 2 out of 3 of those houses are forced sales because of financial problems according to the agent. I'm not sure if they are repossesions or not and don't know about the 3rd.

But no, this doesn't help us with our price at all like you say. We don't expect to get the asking price but we can't drop as low as these, as I already said this would swallow our savings which we are likely to need.

Likewise, currently I don't see any choice but to stay put but I don't know how much longer I can stay here. I'm so stressed out it's affecting many aspects of my life now

SUESMITH_2

like your house a lot but it does seem a bit expensive compared to thers

if you have to take a hit on your savings you have to take a hit. if you say its problems with neighbours making you ill you need to get out simples, and don't you have to declare neighbour disputes now?

xyellowx

rather than give your house away get the police inloved

getmore4less

You have to weigh up the risks of renting especialy if you have bad neighbours

1 you don't seperate yourself fro mthem

2. any tenants can just stop paying rent and leave if they jave problems.

If you have formaly got disputes you have to let the purchasers know.

sensiblesaver_2

Sue, I agree, nothing is worth compromising my health for. But the reason I'm reluctant to part with the savings is that they are likely to have to go to a family member whos problems and stress levels are far worse than my own.

I don't really feel I can go into too much details regarding the neighbours having pretty much given away my location by posting my link! But I don't think the disclosing disputes thing will be a problem as technically there hasn't been a dispute or arguement and the problems that are affecting me are unlikely to affect other people. And trust me, involving the police is definately not an option and would more than likely make things 100 times worse! Sorry for being so cryptic.

At getmore4less - I totally agree, but at the minute, that option is as close to a "solution" as I have.