What have I done?!?!?

sammiea1976

It really saddens me to read some of the replies i have had to my question, i came here for advice on my situation, i didnt come here to listen to snide comments about my situation.

YES I AM LUCKY, dont you think I know that?? I have the best dad in the world, I have seven brothers and sisters and 4 of us are at the age to receive our £250,000 inheritance, which in his words needed to be spent on property, he wanted us all to live mortgage free for the rest of our lifes and wanted to see us happy whilst hes still alive! And why not? If i had the money I too would do the same for my children!

The Chicken - I have worked my !!! off in life to give me children what they want and need, I am now lucky to be at a time in my life where my partner wants me to be a stay at home mum to our 2 young children and one on the way - just because i have received my inhertence early doesnt mean i dont work for what i want and have!

AMIlliondollars - The remortgage is in my dads name and the new mortgage is in my dads name and my name and my dads name is on the deeds, not my partners. My partner is totally fine with this, he does not expect to be on the deeds as its my inheritence.

Pinkshoes - My dream home was up for just under £270,000 they droped the price to £249,995, my offer of £245 was accepted. The new house is detatched with its own drive which is a major benefit, the kids can actually play in the garden, the garage is converted and the house layout is like a normal house rather than the lounge being on the middle floor like mine which is a nightmare! My house was on last year and i got an offer for £245,000 so initially i thought that i would just be swapping like for like, i knew mine would fetch around £245,000 so thats why i was fine with offering £245,000 on the dream house. Little did i know that the market was gonna be so slow and i would keep having to drop my price! So i have dropped mine now to £234,995 it was on for £245,000.
It also doesnt help that all the big companies that are building round here are building townhouses which offer stamp duty paid, help with deposit etc and they are around the £250,000 mark!!


Thanks for the other kind messages i received.

Kiki, Thanks for asking - I called the EA this moning at 8.15am lol and asked him to come round to discuss things. He came round and what we have decided to do is, next week in the paper advertise an open house for the next Sat morn but dont put the price of the house in hes gonna put something like Open to offers/Offers considered something along those lines, to see how much interest we get.
The lady that came to see the house who loved it last week but hadnt sold hers (but she had an offer for 10 grand below asking price) he has contacted her and she is going to see him on Monday to see if they can sort the books to see what she could afford to go up to wether it be mine or someone elses place, but she has said she really likes mine so he said he will tell her then that i would consider dropping my price and see if she goes for it....fingers crossed she does.
So we are gonna go with the open house thing and he said that if we do get an offer but it is a bit low (around £210,000 mark) then he said he will go to the rest of the chain and tell them that i have had an offer and even tho i am going non dependant that the offer is pretty low so would they consider chipping in a grand or so each to keep the chain moving otherwise i may have to rethink as i havent got as much as i wanted for my house - i that makes sense - i didnt know you could do that. Sounds a bit cheeky tho eh!

Sammie

neas

one word....FAKE.Logically... Daddy 'gave' you each 200k... of 6 brothers and sisters.He happened to GIVE you lal 1.2 million pounds.. early? But didnt leave enough so when you want to upgrade he has to remortgage for 180k?Does not compute... anyone who had 1.2 million lying around would be financially savvy not to have no money left at all... hence he wouldn't need to remortgage.Stop trolling whoever you are!.

sammiea1976

NO NOT FAKE AT ALL!
I asked my dad to loan me the money for the new place and when i sold this place i would then give him the money back but he said NO, no because he has already given me £250,000 for a house so why should he give me another £250,000 and i see where hes coming from, so he said rather than loan me - which he can afford to do, he would remortgage and we would pay the mortgages as that is what i would have to do if the house that i am in now was in my own name! He thinks im silly wanting to move as im living mortgage free, so he said if i do this its on my head, hes not going to be losing the money if he lends me another 250 it will be me losing the money and some of my inheritence.
Why the hell would i troll i have no reason to, im looking for advice about my situation here, come and view my house - you can then meet me in person!!

poppyolivia

Sammie don't rise to it! Alot of people are gutted because they are jealous...ignore them...they are the trolls! You know you have been lucky, you could have come on here the big shot saying you earnt all the money yourself in X amount of years in shares, wages etc...can't see anything in your post that makes you seem like a liar and why should you?! Jealousy is wicked and they will try and make you feel small! Idiots! Leave them at it, probably makes them feel good...poor sods, kinda makes you feel sorry for them!!haha!!!

Good luck with your house xx

Yossarian

With that much Equity, you should have no problem at all getting a loan from well... Pretty much anywhere.

Go talk to your bank manager, LTV on the home your looking at is a bankers dream right now, they should be falling over themselves to help you out.

Also as others have mentioned, worth getting a shared ownership agreement written up if you looking at buying with a new partner and your stumping up the cash.

You may be in love, but (God forbid) it ever turns nasty having a document written up with who owns what is worth having, just incase (Soz to be negative)

neverdespairgirl

sammiea1976 wrote: »

Have u ever been in a townhouse?

Could your older child move to the middle floor, and the toddler in the room next to you? When the new arrival is old enough, toddler and new baby could share, perhaps.

I'd be very wary of buying a new house before selling the old. You could get stuck with a much larger mortgage on the new house if you sell for less than you expect on the new one.

sammiea1976

poppyolivia wrote: »

Sammie don't rise to it! Alot of people are gutted because they are jealous...ignore them...they are the trolls! You know you have been lucky, you could have come on here the big shot saying you earnt all the money yourself in X amount of years in shares, wages etc...can't see anything in your post that makes you seem like a liar and why should you?! Jealousy is wicked and they will try and make you feel small! Idiots! Leave them at it, probably makes them feel good...poor sods, kinda makes you feel sorry for them!!haha!!!

Good luck with your house xx

Thanks for your kind words, just baffles me that there are people like this out there, i understand that every forum gets trolls but i am not one of them, i jsut want some advice to my situation and im sorry that im in a better situation than some, doesnt mean i still dont need advice!!

sammiea1976

Yossarian wrote: »

With that much Equity, you should have no problem at all getting a loan from well... Pretty much anywhere.

Go talk to your bank manager, LTV on the home your looking at is a bankers dream right now, they should be falling over themselves to help you out.

Also as others have mentioned, worth getting a shared ownership agreement written up if you looking at buying with a new partner and your stumping up the cash.

You may be in love, but (God forbid) it ever turns nasty having a document written up with who owns what is worth having, just incase (Soz to be negative)

The house isnt in my name (the one we are in now) so the equity will be my dads. Whats LTV?

The new house the small mortgage will be in my dads name, and my name and my dads will be on the deeds - my partners name will not be on anything - i have been stung like that before! I married young, i fronted the deposit for our new house from savings, we split as he was a drug addict and an abuser, i fled with our son who was 1 at the time (now 6) and the a$$ hole is still living in the house that i put all my money into! And to this day the whole thing is still ongoing in court! So yeah you could say i have been burnt before which is why i am never going to be burnt again!! And my partner who i have been with 4 years is totally fine with that.

sammiea1976

neverdespairgirl wrote: »

Could your older child move to the middle floor, and the toddler in the room next to you? When the new arrival is old enough, toddler and new baby could share, perhaps.

I'd be very wary of buying a new house before selling the old. You could get stuck with a much larger mortgage on the new house if you sell for less than you expect on the new one.

Hi ya

Yeah i know what you are saying but my eldest has been through the mill with things relating to my relationship with his dad (my ex husband) And when we moved here i wanted him to have the best of the best (he was my only child at the time) silly as it may sound i wanted him to have a lovely room with lovely things and those things we shopped for together so everything in his room to me and hopefully to him is special - probably sounds right stupid eh! But the room on the middle floor where our baby is now is small, you wouldnt get his slide bed or his mounds of stuff in there and i wouldnt wanna push him out of his own room. To be honest im sure he wouldnt mind moving rooms but i dont think its fair.
I have taken him to the new house and he loves it too, he loves the fact that we have 4 bedrooms on the same floor and his bedroom is going to be right next to my 7 month olds. He also loves the fact that he will actually be able to ride his bike on our drive and also at the side of the house because its all enclosed and he wont get near the road, whereas we are right on top of the road now.

I know they sound like silly reasons but they are my reasons and i really want him to be happy ya know? xx

Innocenti

sammiea1976 wrote: »

Hi ya

Yeah i know what you are saying but my eldest has been through the mill with things relating to my relationship with his dad (my ex husband) And when we moved here i wanted him to have the best of the best (he was my only child at the time) silly as it may sound i wanted him to have a lovely room with lovely things and those things we shopped for together so everything in his room to me and hopefully to him is special - probably sounds right stupid eh! But the room on the middle floor where our baby is now is small, you wouldnt get his slide bed or his mounds of stuff in there and i wouldnt wanna push him out of his own room. To be honest im sure he wouldnt mind moving rooms but i dont think its fair.
I have taken him to the new house and he loves it too, he loves the fact that we have 4 bedrooms on the same floor and his bedroom is going to be right next to my 7 month olds. He also loves the fact that he will actually be able to ride his bike on our drive and also at the side of the house because its all enclosed and he wont get near the road, whereas we are right on top of the road now.

I know they sound like silly reasons but they are my reasons and i really want him to be happy ya know? xx

They sound like very valid reasons to me. (Not that you have to explain yourself)

I live in social housing, but we are in the process of buying a house. My outgoings will change from £300 a month rent to over £650 a month in mortgage payment. The reason why we are doing it?? For my kids. I dont want them living near all the drug dealers and the drug addicts, the workshy slobs who think working is for "suckers", the asbo scum who think the pavement is for leaving their used needles. They darent go out on their bikes/scooter as my youngest got pushed off his bike and had it stolen. The local drug dealers kids threatened to stab my youngest when he was 5 because he "dared" to look at her when he walked past.

We are moving to the other side of town to a really nice area which has a low crime rate and we cant wait. We are doing it for our kids and will to pay the extra money (which will be a shock!) to give our kids a good place to live