We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
In the Meantime
Comments
-
If it’s not right for you then at least you know now and not when you have spent money on surveys etc .I would be saying no to anyone who asks for money . You have no income at the moment I don’t think so you need every penny .
The. right property will turn up for you one day .Life is an adventure, never stop exploring.4 -
Sorry that the house is not to be.
WEll done on saying no to beoing a bank.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.3 -
LOve this.satchmo1 said:When my sons would ask for loans, I emphasised that it was in their interest to repay so that there was money in BOM for future emergencies! They understood that concept.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.3 -
It will feel like bad news though on the house however correct your decision was to drop it - but, if an idea is going to fail, then far far better all round to fail early at the start, and not right at the end
plus you give an aura of someone at the end of the chase not at the start so you are in the win-zone now - and that should give you confidence, although you have everyone's permission to have a bit of a wobble tonightI think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine4 -
Oh bless you for saying that about me ❤️ Everyone has their own things to deal with and of equal importance. So sorry to hear about the house but hopefully something better will turn up 🤞
That’s naughty of your relatives thinking you can lend them money left right and centre. I have a half sister I’ve never met and who never contacts me. A couple of months ago she asked if I could lend her some money! She was recently posting on FB about her new Audi 😡I get knocked down but I get up again (Chumbawamba, Tubthumping)4 -
Sorry the property wasn't viable, the right one is out there even if it's yet to be on the market.
I agree with everyone else about saying no to loans as you don't have the spare money.
Well done tackling tadpoles before they mature.Mortgage started 2020, aiming to clear 31/12/2029.4 -
Sorry to hear about the house but I think you just know when it’s too much to cope with. I’m not sure I could have coped with the asbestos if they didn’t even make the full report available. It just seemed like they were trying to hide things and I am not surprised you lost confidence in the purchase. When it’s the right one you will know it.doingitanyway said:
…I am especially unsettled today as for various reasons the house is a no goer for me. I wanted it to work but I have been through too much. I simply can't cope with the work. I wish I could, but I can't.Take care of yourself & ignore the relatives who think you are a soft touch.0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
House sale OCT 2022 = NOW MORTGAGE FREE 🤗
House purchase completed FEB 2023 🥳🍾 Left work. 🤗
Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).
Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1
Living off savings diary
https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p14 -
I would say no to all loans in your position. I'd prioritise my living situation. Lending them money is storing up future frogs.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £171.8K Equity 36.37%
2) £2.6K Net savings after CCs 10/10/25
3) Mortgage neutral by 06/30 (AVC £27.9K + Lump Sums DB £4.6K + (25% of SIPP 1.25K) = 34/£127.5K target 26.6% 10/10/25
(If took bigger lump sum = 60.35K or 47.6%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise) (If bigger lump sum £15.8/30K 52.67%)
5) SIPP £5K updated 10/10/252 -
Thank youjwil said:So sorry to hear about the house. If it's too much, it's too much, and hopefully something better will be along soon.
Also sorry to hear your relatives think you are a bank! Well done for saying no, however close you are, you need to avoid the risk of not getting the cash back.
I hope you can find some time for yourself and a bit of self care x
I have made up my mind to stick to the following sentence 'I am sorry I can't help. I don't have the funds to do that right now,' I am concentrating on self care. If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 3501000
Buffer fund 0/100
Debt Free (again) 25/0720253 -
Thank you. I am saying no to money requests! As you say I didn't spend anything this time so there is that at least. I too believe the right home will turn up. Let it be soon!Sunshine_girl2 said:If it’s not right for you then at least you know now and not when you have spent money on surveys etc .I would be saying no to anyone who asks for money . You have no income at the moment I don’t think so you need every penny .
The. right property will turn up for you one day . If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them
Emergency fund 3501000
Buffer fund 0/100
Debt Free (again) 25/0720253
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards