We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Struggling to sell London flat
Options
Comments
-
Just an addition if can buy new property and pay additional second home stamp duty you can claim it if flat sells within 3years I think- please check. Good luckInitial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓0 -
likely price and/or cladding issues"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
When I read of properties in London struggling to sell my first thought is what's wrong with it? Its obviously too expensive if its not selling, but why?
Web advert is now key. If it looks bad in the photos people will move on. Location? Size? Layout? External appearance? Lease length? Service charge? Cladding?
Without details its impossible to know which of these is affecting the demand.0 -
-
2
-
OP most likely overpaid for their flat so now if they want to sell they need to take a good haircut0
-
@07hthom You have my empathy. It is a rotten situation to be in and l am in a similar situation, but with the added complication of buying my flat in N20 through HTB and being constrained by their valuation and looking at a 25-50k haircut just to get out. I really hope it works out for you.
Happy to advise if you DM but I am already looking at what reserve price I could get away with at a property auction. I would say look at a modern auction (online) if the property has a rental value.
The only consolation is there is absolutely nothing to buy in the 2-3 bed house category outside of London.1 -
@ThirdGuitar sorry (typo)0
-
Sure, I have sent this in a DM as we didn't want to share the link on a public forum.
if it is listed on EA website and Rightmove then it is already on a public forum if you want isefull advice then yo should share link0 -
I would post a link to mine but this site obviously thinks I am a bot and won't let me post links. Put Whetstone 2 Bed flats 500k to 600k though and it is on with Statons for 569k.
The issue is there are 26 other
similar flats on sale within 2km and very few buyers due to Brexit/'Covid race for space'. I suspect it is just simply oversupply and weak demand as it is for mine.
0
With this limited amount of detail, all the forum can be is a meet and greet. 
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards