Borrowing on card to increase offer on House???

DCFC79

TonyDebs wrote: »

Hi

Thanks for all your advice, at the moment my commute to work is more so we would be moving closer to work. But long term goal is to look for work nearer the new house.
Have spoken to my estate agent who has told me to wait for another property to come along or maybe if nothing turns up to move to rental.

Ah right i see,

Primavera_2

Apples2 wrote: »

Hang on!! Isle of Wight is only 25 miles across, your commute out through (and in through) Pompey must take hours. Why not simply move to the mainland?

Agreed! I grew up on the Isle of Wight and had to commute over to Portsmouth regularly when I was at University. Even travelling to Pompey is a royal pain in the rear and blinking expensive :eek: You need a mortgage just to afford the ferry fares every day.

DVardysShadow

Crossposted:

https://forums.moneysavingexpert.com/discussion/3945177 [0957]
https://forums.moneysavingexpert.com/discussion/3945181 [0959]
https://forums.moneysavingexpert.com/discussion/3945183 [1003]

TonyDebs, it is bad manners to crosspost without at least saying that you have done so. People spend time giving answers. It is galling to spend time giving an answer and then find essentially the same answer has been give half an hour earlier.

DCFC79

DVardysShadow wrote: »

Crossposted:

https://forums.moneysavingexpert.com/discussion/3945177 [0957]
https://forums.moneysavingexpert.com/discussion/3945181 [0959]
https://forums.moneysavingexpert.com/discussion/3945183 [1003]

TonyDebs, it is bad manners to crosspost without at least saying that you have done so. People spend time giving answers. It is galling to spend time giving an answer and then find essentially the same answer has been give half an hour earlier.

Thanks for linking to the other threads, i just never got round to doing it.

Is quite annoying when the same thread is created as like you say you end up with the same answer given at an earlier stage or you end up with varying replies.

TonyDebs

Sorry for cross posting, but we weren't sure if anyone would reply and where to actually post the question. Sorry. It was not our intention to upset anyone.

DVardysShadow

TonyDebs wrote: »

Sorry for cross posting, but we weren't sure if anyone would reply and where to actually post the question. Sorry. It was not our intention to upset anyone.

The way to address this is to make your best guess on where to post it and give it half a day. After that, try another forum - but go back to the opening post on your original thread and edit it to say you have crossposted, preferably highlighting the edit in some way.

If you are in a desperate rush, and feel you must crosspost, then put a highlighted note in to at least say you have crossposted. That way, everyone knows what is happening.

geoffky

You are being mugged and can not see it..more fool you..

TonyDebs

Hi Maybe we are but this house is in a lovely area, can see us living there for the rest of our lives, needs work but we can do it as we mean to stay there.
And willing to go into £10-12k of debt if it means we get the house.

27col

Sounds like a Mexican stand off. Hang on and see who blinks first.
It all depends whether they want to sell more than you want to buy. Although, by the sound of your post, it is you who is wavering and not the vendor.

gingeralan

TonyDebs wrote: »

Hi all

We have crossposted this question.

We have been negotiating on a house that has been on the market for the last 2 years.

The house is perfect for us, they want £225000 -£230000 as the agents have told us (we have done research of the local area and last similar house to sell, sold for £210000 last year) we have sold ours for £215000, we have no mortgage., but no saving sas my wife lost her job and I was reduced to part time, but been commuting towork (100 miles), now full time. SHe now works part time

We have been communicating with sellers agent, negotiating a fair price and we reached £223,the agent told us that this has been rejected as they need more money to proceed with their purchase.

I know it’s only a few grand now, but do you think we should re offer the same offer or increase our offer to £225000 and borrow the money on a credit card/loan???



Lookingforward to your replies.

God this is stressful…..



Tony &Debs

Noooooooooooo do not borrow in any way shape or form to fund a deposit. If the mortgage lender discovered this they would not accept it as Assn acceptable deposit. If you cannot afford to buy it then walk away. If it is meant to be yours they Will come back. Being able to walk away is a really important part of negotiating. Don't be drawn into posting more than you can afford.