How can I get rid of my house?

debt426yo

My house is lovely (in my opinion), but its not selling! I am in desperate need to get rid of it as this will leave me debt free. I got a letter yesterday saying that my repayments are going up another £300 on 1st Sept and I cannot afford it. I dont know what to do. I have £48k secured debt costing almost £650 a month and new mortgage payments are £1129.

Any suggestions anyone?

Have a look at my house if you want, and feel free to give me suggestions.

http://www.homesonview.co.uk/scripts/ShowProperty.asp?css=&CompanyID=OYSTPOOL&AgencyID=OYSTPOOL&ID=OOP00447#tabs

Many Thanks

Kez100

Link doesn't work for me.

Also your numbers don't add up (48k = 1129/month) unless you are not in a normal lending position.

dmg24

Hi debt426yo,

Your link doesn't seem to work?

Edit: Kez, I think the secured loan is £650 in addition to the mortgage? :eek:

safesound

I just had a fiddle with the URL and this came up. I'm presuming its the right one:
http://www.homesonview.co.uk/scripts/ShowProperty.asp?css=&CompanyID=OYSTPOOL&AgencyID=OYSTPOOL&ID=OOP00447

debt426yo

Hi, Sorry. Try this...

http://www.homesonview.co.uk/scripts/ShowProperty.asp?css=&CompanyID=OYSTPOOL&AgencyID=OYSTPOOL&ID=OOP00447

Yes Dmg, your right. The 650 is the £48K my mortgage is £175k = £1129

Thanks

DrFluffy

Kez100 wrote: »

Link doesn't work for me.

Also your numbers don't add up (48k = 1129/month) unless you are not in a normal lending position.

A £48K debt AND mortgage on top...

OP - I think your place looks lovely, and so close to the sea!!! Crap agents?

Doozergirl

It's well presented and your photographs are good as well.

The fact you are being marketed with 'no offers' isn't great. If people don't think it's worth it then you simply won't get any offers at all.

How many viewings, what is the feedback?

I know Blackpool a bit and at that price I'd be looking to spend my money nearer to Stanley Park and not in South Shore

debt426yo

Thanks for your compliments.
Yeh, I think so DrFluffy. But we're contracted in for another month (at least). I dont know what to do.

Oakey22

that is a nice place to have, shame it aint sold yet.

Woby_Tide

Price, agents and at the wrong end of the M55, otherwise it's fine

debt426yo

Thanks Doozergirl.

I understand about the 'no offers' comment but we have reduced it from £240k. I suppose we could drop it a touch more but we need to cover the secured debt so £225k would be the absolute minimum ( to cover legal fees and such as well)
We also have about £6k unsecured debt too. Aaarrrgghh! So hard isn't it???