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

18485878990218

Comments

  • mark55man
    mark55man Posts: 8,221 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You should think about what amount of cash (in excess of a few £k you might be prepared to accept.eg   If they knocked £10K off - £15K would that change your view?.

    Or is that you simply don't want the risk and more importantly the hassle at any price.  BUT you have come so far since the squirrels in the loft saga AND £3K is a BIG chunk to give up on, so I would consider one more loop round the buoy in terms of really hard nosed negotiating might get you there.  You know better than most what the market has done / has been doing, but a house that maybe tricks to heat is going to be hard to sell so your seller's are right to be worried.  

    Keep strong - and you will find a way through whatever, but this is in so nearly there for you - just need to to be at your peak to make the right decision for you
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • beanielou
    beanielou Posts: 96,207 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    I think you have made the right decision for you.
    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.
  • beanielou said:
    I think you have made the right decision for you.
    Me too. I wouldn't want to take on that level of hassle. 
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £172.5K Equity 36.11%
    2) £1.8K Net savings after CCs 13/9/25
    3) Mortgage neutral by 06/30 (AVC £26.8K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 32.6/£127.5K target 25.6% 13/9/25
    (If took bigger lump sum = 54.5K or 42.7%)
    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 £4.8K updated 13/9/25
  • Chrystal
    Chrystal Posts: 2,007 Forumite
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    To be honest the house sounds like a disaster waiting to happen... I really don't want to see it happen to you.

    Have you seriously thought of moving to a different area, where you could get a much better house for a much better price?  It seems as though you could actually work anywhere you wanted to, and still continue with the things you love to do.  ((((hugs)))) XXX
    I Believe.....
    That it isn't always enough, to be forgiven by others.
    Sometimes, you have to learn to forgive yourself.

    Yesterday is history, tomorrow is a mystery
    Today is a gift. That's why it is called the present.

    happiness isn't achieved by getting extra things,
    but by getting rid of the things that make you unhappy
  • mark55man said:
    You should think about what amount of cash (in excess of a few £k you might be prepared to accept.eg   If they knocked £10K off - £15K would that change your view?.

    Or is that you simply don't want the risk and more importantly the hassle at any price.  BUT you have come so far since the squirrels in the loft saga AND £3K is a BIG chunk to give up on, so I would consider one more loop round the buoy in terms of really hard nosed negotiating might get you there.  You know better than most what the market has done / has been doing, but a house that maybe tricks to heat is going to be hard to sell so your seller's are right to be worried.  

    Keep strong - and you will find a way through whatever, but this is in so nearly there for you - just need to to be at your peak to make the right decision for you
    Thanks :) Excellent points. Good things to think about. The things that are wrong can be rectified, but I'm not sure I want to do the work. (There is nothing structural wrong) I've struggled to get work people even for the inspections/reports and anticipate having the same issues if I bought, had the money and needed the works done. We shall see what happens when I turn down their initial offer.
    beanielou said:
    I think you have made the right decision for you.
    Me too. I wouldn't want to take on that level of hassle. 
    Thanks both  :)
    Chrystal said:
    To be honest the house sounds like a disaster waiting to happen... I really don't want to see it happen to you.

    Have you seriously thought of moving to a different area, where you could get a much better house for a much better price?  It seems as though you could actually work anywhere you wanted to, and still continue with the things you love to do.  ((((hugs)))) XXX
    Thank you for the hugs and good vibes  :)

    I can definitely afford the area and on the face of it this house was excellent/turn key which was I chose it. I wanted easy after all the stress but it clearly hasn't worked out that way...
    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 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • So, replied to the EA saying no to the few thousands offered to stop all inspections. Pointed out it is not in my best interests to shoulder that level of risk. Said I wanted weeks not days and would do all investigations and then we would be in a position to renegotiate. If none of that works for them, then sadly I am withdrawing  :(

    Concentrating on job application today.
    Making soup and having a NSD today.

    Hope everyone has a good 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 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • Ok, so an update.

    Rather than give me a few weeks to investigate the issues thrown up on the report, or offer a sum that realistically reflects the level of risk I would be taking if I did not investigate, they are re-listing!

    I am sad that I have lost the house.
    I am frustrated that I end up empty handed.

    However, my gut said something was wrong here. The vendors are starting again which will take them longer to exchange so the issue was not fear of the chain collapsing in the next few days.

    Ultimately I have to accept that the house was not for me. Sigh. 






    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 800/1000
    Buffer fund 0/100
    Debt Free (again) 25/072025
  • satchmo1
    satchmo1 Posts: 3,272 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    It's maddening that this has happened, and you have had the expense of the survey, but it has probably saved you from some impending damp/roof repairs/dry rot/rewiring/replumbing money pit
    What would you get if all you got was what you were thankful for?
  • So sorry about your news dia. I suspect the property I was buying will be relisted shortly too🙁. Better luck next time for both of us 🤞 🍀🤞
    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/p1
  • jwil
    jwil Posts: 22,274 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Oh I'm so sorry about the house, but well done for standing your ground.  I really hope something comes up soon.
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.