ftb help, solicitor/brexit

Thrugelmir

sharklaser wrote: »

but my o.h. is not keen on risk. and the worry is that if we go ahead now we will be in negative equety. (

As long as you live in the property and pay the mortgage. The value of the property is of no relevance. It's a home to live in not an investment.

If you want more equity and security. Save harder for a larger deposit before buying. With a larger deposit interest rates will be lower. There's more to life than Brexit.

Marvel1

booksurr wrote: »

nonetheless you are still living there in the house that you liked at the time you bought it. A paper loss is irrelevant, in what way has still being there stunted your life? Had more kids than you have the space for? If not then there is no other reason to be bitter except greed and jealously of those in "bigger" properties.

I still have the first house I bought in 1991. There has never been a need to sell it.

I really dislike this house now, back in 2007, peak price, single and only earning I think 16,000 a year, had a deposit of £8000, and I was 25, living at home, ibwas desperate to move (renting was not an option). While looking I just could not find one in price range. Then a house in my street came up, price matched, viewed, liked at the time (impluse more than anything).

Why dislike the house and its weird layout:
* Think of of a "normal" sized terrace house, I believe mine and nest door were split into 2, very small.
* i have no front porch, while in living room, I stare at my front door - also no front garden so straight onto pavement. Also I can everything as they pass, including conversations.
* Staircase leads straight to bedroom 1 (there is no landing), also bedroom leads to bedroom 2.
* i have no room for storage e.g. Hoover, iron board, things people normally store away.
* Living room: 9' 4" x 14' 1" (2.84 x 4.29m)
* Kitchen: 8' 0" x 7' 3" (2.44 x 2.21m)
* Bedroom 1: 9' 3" x 10' 1" (2.82 x 3.07m)
* Bedroom 2: 6' 3" x 2' 7" (1.91 x 0.79m)

When my nephew sleeps over and my niece soon when she is bit older, we share the same bedroom (2 diff beds). Bedroom 2 is where my chest of drawers, wardrobe, and general stuff , which you woukd normally store away.

Could sell, however there are around 5 houses in my street for sale, obviously bigger than mine, and been up for months. When a to rent is up, it snaps up quickly.

Jealous/bitter than others, no, because one thing I am proud of is that I did it all by myself with no help.

LottieLou

What is the situation of your sellers, is it a chain? If so it might be that other people in the chain make that decision for you and it collapses. If I were in your position, I think I would be feeling unsure too. Nobody really knows what's going to happen in the next few years. If it really is your dream home and you can see yourself there for a long time, you have a good deal on your mortgage which is affordable then I would definitely not be making any rash decisions.

peter_we

Bedroom 2: 6' 3" x 2' 7" (1.91 x 0.79m)

That is not a bedroom, its has to be above 6.5m2 to be a single.

Plus, leading off another bedroom. Its a cupboard

Marvel1

peter_we wrote: »

That is not a bedroom, its has to be above 6.5m2 to be a single.

Plus, leading off another bedroom. Its a cupboard

Pretty much what it is used for - storage and junk room.