please help, we have to withdraw our offer

ace_85

Wow, that was uncalled for.

Scrounger

berbastrike wrote: »

Owning a property and a mortgage, will save you hundreds of thousands of pounds over a lifetime, FACT

Not if it gets repossessed. :eek:

So, in fact, not "FACT"

Scrounger

em_9187

i think scrounger is probs right - I'm a bit of a wreck haha! Particularly to take on a mortgage with a job which does pay quite a bit less than my last one.

jaylee3

berbastrike wrote: »

Owning a property and a mortgage, will save you hundreds of thousands of pounds over a lifetime, FACT

Absolute load of rubbish.

In this day and age, tying yourself down with a mortgage at a young age, that you will not pay off til you die, is a terrible idea. It will leave you trapped, whilst paying multiple 10s of 1000s for maintenance and repairs, and it will leave you skint for life.

Maybe buying a property was the done thing, and a good idea, pre mid 1980s... Now it isn't. You are just trapped in a huge pile of never-ending debt, and you don't have any freedom. You could be stuck with that house if it won't sell, and you never know if it will increase in value. In fact, you could lose multiple 1000s.

The OP had a lucky escape.

Go on the social housing list Em, so you don't have to private let all your life. With a low and/or uncertain income, being a mortgage owner is a VERY bad idea.

Property prices are ridiculously expensive, and you will never ever ever have any money! And trust me, you will never stop spending on it! No matter HOW many people try and convince you that they have only spent £500 on theirs on maintenance in 20 years. Yeah right! LOL!

zarf2007

jaylee3 wrote: »

Absolute load of rubbish.

In this day and age, tying yourself down with a mortgage at a young age, that you will not pay off til you die, is a terrible idea. It will leave you trapped, whilst paying multiple 10s of 1000s for maintenance and repairs, and it will leave you skint for life.

Maybe buying a property was the done thing, and a good idea, pre mid 1980s... Now it isn't. You are just trapped in a huge pile of never-ending debt, and you don't have any freedom. You could be stuck with that house if it won't sell, and you never know if it will increase in value. In fact, you could lose multiple 1000s.

The OP had a lucky escape.

Go on the social housing list Em, so you don't have to private let all your life. With a low and/or uncertain income, being a mortgage owner is a VERY bad idea.

Property prices are ridiculously expensive, and you will never ever ever have any money! And trust me, you will never stop spending on it! No matter HOW many people try and convince you that they have only spent £500 on theirs on maintenance in 20 years. Yeah right! LOL!

yeah lets look at the alternatives to buying:

1) social housing - live on a noisy sink estate surrounded by chav's partying all night and trashing your house/garden
2) private renting - pay a fortune to idiot BTL landlords who decorate a property on a shoestring, kick you out every six months if you complain or they decide to sell, letting agents ripping you off with fees, having to pay cleaning/moving/deposits constantly....

gee sign me up...

em_9187

a couple of friends have said to me to just not bother telling our mortgage provider as our offer has a deadline of oct which is quite awhile away. this seems a tad risky...

apparently my friend did it and didn't tell a soul, not even me.

BeauLiLuLu

Ho did it go Em?

em_9187

not good - we are still in limbo. in the mean time though we have lost our rental property as from next month... and now, we have no house to buy because of the job situation. I can see why people are telling us just to be quiet but it's not sitting right with me.

BitterAndTwisted

What do you mean you've "lost your rental property?"

You're presumably still in occupation, so has the landlord issued you with a Section 21 Notice and gone to court and gained possession since a week ago or what?

Did you give them notice in writing or sign an early surrender?

There might still be a way to remain in your property if you can furnish us with some details. That is, if you want to.

zarf2007

em_9187 wrote: »

not good - we are still in limbo. in the mean time though we have lost our rental property as from next month... and now, we have no house to buy because of the job situation. I can see why people are telling us just to be quiet but it's not sitting right with me.

then let us know how is sits when you are in the shop doorway......jeez some people are determined to make like hard for themselves.....think of it like this, in a hundred years whose gonna care?