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Stretching ourselves to the limit for the chance of our dream house?
Comments
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People are saying don't stretch yourself.
As you are not they need to bring in disaster scenario to put you off to make it look like you are stretch ING.
None have the numbers to show this disaster it's all speculative some when you run them don't look that bad.1 -
On the contrary, the figures look fine after seeing them. I only mentioned because I went through a "disaster" as you call it - which actually isn't a disaster, it's just a change in circumstances.getmore4less said:People are saying don't stretch yourself.
As you are not they need to bring in disaster scenario to put you off to make it look like you are stretch ING.
None have the numbers to show this disaster it's all speculative some when you run them don't look that bad.
Life happens, but I suppose only if you lead an interesting one.0 -
? How much do you pay a month in rent?ShilvaA said:What do you mean @Crashy_Time?
If the lender values the house at £350k then I have no choice but to pull out of the purchase (if they accepted our offer).
If you mean when I come to remortgage, then it won't matter in the slightest as it will be my home. I pay 8000 in rent now for a real small 2-up, 2-down. My pigeons maths puts that at 40k a year (if my rent doesn't rise).
So If I my home was technically 'down' 50k in value... I still had 5 years enjoying a beautiful home and I will still actually own something at the end... thats worth an extra 10k on top of what I would have paid in rent anyways.0 -
We pay £700 a month in rent.
They didn’t accept our offer.... so back on the hunt.
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Do they have another buyer?0
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Doesn’t look like it, EA said they had a higher offer which they had also rejected, they are looking for closer to the asking price.
It is a damn shame but it is what it is. Maybe if they run into trouble with their selected future buyer, we might get a call back fir a quick sale.... regardless, we will keep saving and looking
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I think things will calm down soon op - what will be will be.ShilvaA said:Doesn’t look like it, EA said they had a higher offer which they had also rejected, they are looking for closer to the asking price.
It is a damn shame but it is what it is. Maybe if they run into trouble with their selected future buyer, we might get a call back fir a quick sale.... regardless, we will keep saving and looking 0
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