tricky situation- advice please

SquatNow

JimmyTheWig wrote: »

Is this an option, though? With prices falling hitting their equity, plus most of the costs of moving will have to come out of the equity, they will be left with a poor LTV on the new place. Will the mortgage company allow them to do that?

If they STR they will have time to build up a deposit again while prices plummet meaning their deposit will buy a bigger portion of the house anyway.

What it comes down to is if they wont be happy they'll have to move.

Though to be honest it's unlikely they'll be able to sell it for what they paid for it i the current market unless they got a stonking deal on it... especially as they'de be looking at a quick sale.

Quick Sale, Current market... they'de be lucky to get 80% of what they paid.

Lizzy - No suicide will still mean you husband has to pay the mortgage. If it's that bad you could cut your losses, hand the keys back and try and go bankrupt. Best bet, especially if you want to start a family, is to get pregnant, then get your bosses to make you redundant. Anyone earning under £35k hoping to start a family would be better off doing this.

carolt

lizzymouse wrote: »

is there any professional people out there who can help us? i am at the point of being suicidal with this. I didnt buy a flat when i had the chance to do so in 1992 and now i have ended up buying one at the worse time.
i did have issues with the size of the room and the kitchen buy my husband and family made me feel stupid for having doubts. now i am stuck in a situation i have no idea how to get out of. every day i cry about it, and regret what we have done. if only we have stayed renting. i want children too, im 38. time is running out for me and there is no solution i can see. if i commited suicide would my husband still have to pay the mortgage?

That's dreadful. Big hug :grouphug:

I really hope you were joking. Yes - I'm sure life insurance policies don't pay out if you top yourself.

It's only money. Living next door to awful people must be horrible, but if it's that bad, calmly and rationally look at the alternatives:

1. Sell, at any price. Then rent.
2. Sell. Then, if you've got enough left over for a deposit, buy elsewhere.
3. Rent out your current place, assuming you can change to a BTL. Rent elsewhere. Or:
4. Stay put. Put up soundproofing and a new kitchen when you can afford it.

In the meantime, do share your worries/frustration with us/your husband/anyone else.

IT'S ONLY MONEY.

Money's not really that important. If you want a family, put that first. You have a roof over your head at the moment, albeit not a perfect one. You're not starving. Summer's nearly here.

Do vent away here, try not to let it get on top of you.

A couple of years from now, you'll be laughing that you got so stressed.....

lizzymouse

I hope you are right - i am worrying so much about what to do i feel totally stressed out.

thank you for your advice

do_it_today!

lizzymouse wrote: »

I hope you are right - i am worrying so much about what to do i feel totally stressed out.

thank you for your advice

try not to get stressed if you want to get pregnant!
you are in abit of a hot spot.
If you are determined to sell I think you need to do so RIGHT NOW as all the indicators point to prices coming down (something I am also in a quandry about! :eek:) I dont know where you are now but the market is tougher than last year so brace yourself for a bumpy ride and price reduction.

If selling not an option can you block out some of the noise with background music or moving wardrobe against the wall maybe? Try and keep calm and remember at least you are not living next to a crack house - now that IS sheer hell :eek:

also look up websites about dealing with problem neighbours you may get some tips

carolt

lizzymouse wrote: »

I hope you are right - i am worrying so much about what to do i feel totally stressed out.

thank you for your advice

Really hope you're feeling better!

jaype

Right, if I were you I'd get rid of the house. It's obviously making you really stressed and miserable and that will end up having an effect on your relationship. Not what you need when you would like to start a family asap! Okay, you won't be in a good financial situation, but sometimes these things just have to be borne. In most places renting is cheaper that a mortgage now, so rent a cheap place and get saving to make up the shortfall. IMHO it's better to be in rented when you have a baby anyway - no unexpected bills for repairs when you're on maternity nd are penniless, so you could always use the time renting 'productively'

pjmony

TALK TO SOMEONE!!!
Maybe contacting your Doctor or Relate would be an option.
You've asked for help on-line, so well done for taking the first step.
Now go the next step and get face-to-face help.

I don't want to sound flippant BUT if the main problem is the noise from the
neighbours then I'd look at buying an iPod or radio and wearing it ALL the time!
(even when you go to sleep - I used to do this years ago)
Some of the 'sealed' ear buds block out all noise.
Listening to 'talk' radio (e.g. Radio 4) rather than music can disguise others talking.

Suicide! - don't try to justify it - ALL your family will be devastated and blame
themselves. You WILL be missed.

HTH

mrs_deadline

Hope you're feeling a bit less stressed Lizziemouse, and starting to see things more clearly. Do lots of talking with your husband as it has to be a decision you both totally believe in. If you both focus on making each other happy, the rest will fall into place in the end, honestly :-)

lizzymouse

hello everyone, thank you for replies

i am pleased to say i am feeling better. the situation was getting me down, but i am not prepared to let it ruin my life.

I am going to have a big chat this weekend with my husband and family and we are all going to thrash it out and decide what the best option for us is.

I must say, it helped to work out all the figures and sums involved in deciding to stay or deciding to try and sell and rent, im pretty savvy with what it all would cost and all the different scenarios involved.

One positive thing we have decided to do no matter what decision we make is that we are going to totally rehaul our finances and save as much as we can so that we can look towards having a lump sum to either help overpay our mortgage if we decide to stay, help build up the cost of selling and rebuying later down the line or for whatever situation we end up in.

Our neighbours are rubbish and we are not in fantastic financial situation right now with too many choices that wont sting us but im going to turn it around
xxxxxxxx:T xxxxxxxx

pawpurrs

Hi Lizzy,

In a similar postion to you, with NFH putting the house up for sale on Monday.

Not a good time to do so, but life is too short to put up with idiots. Its making me ill, stressed and anxious,and I too would like to start a family.
So very similar there, notfar off your age either.