Advice required on house move

[Moscow Mule]

Anyway, what the flip are you doing buying a property now in the first place

Err, he needs a house.

[sasguru]

Err, he needs a house.

No one needs to own a house. Its a common misconception.

HTH

[DimPrawn]

Pull out and buy another or rent one.

Your 15% deposit can then be spent on having a nice life, or invested in something that isn't falling 20% in value each year. Like Gold for example.

[suityou01]

Good posts one and all. Pleasantly suprised. Even Sasguru helped.

The solicitor has said the lender is prepared to draw down the funds on the strength of that email.

I need a 3 bed semi, and would expect the housing market to have picked up by the time I am 87 tbh.

The solicitor is a reputable one, costing £1000 to do the conveyancing.

The solicitor says it is not an ideal situation, but the risk to me is minimised as much as possible.

I guess I need to get a clearer perspective on what a charge is, and if it cannot be transferred as Turion says.

[DimPrawn]

Good posts one and all. Pleasantly suprised. Even Sasguru helped.

The solicitor has said the lender is prepared to draw down the funds on the strength of that email.

I need a 3 bed semi, and would expect the housing market to have picked up by the time I am 87 tbh.

The solicitor is a reputable one, costing £1000 to do the conveyancing.

The solicitor says it is not an ideal situation, but the risk to me is minimised as much as possible.

I guess I need to get a clearer perspective on what a charge is, and if it cannot be transferred as Turion says.

You must be nuts. Tell the vendor and solicitor to go **** their mothers, and pull out.

[bogeyman]

You must be nuts. Tell the vendor and solicitor to go **** their mothers, and pull out.

Hear, hear!

Also, never judge the reputation of a solicitor by the size of his fee.

[sasguru]

Good posts one and all. Pleasantly suprised. Even Sasguru helped.

The solicitor has said the lender is prepared to draw down the funds on the strength of that email.

I need a 3 bed semi, and would expect the housing market to have picked up by the time I am 87 tbh.

The solicitor is a reputable one, costing £1000 to do the conveyancing.

The solicitor says it is not an ideal situation, but the risk to me is minimised as much as possible.

I guess I need to get a clearer perspective on what a charge is, and if it cannot be transferred as Turion says.

Yeah that's right. Bury your head in the sand. Go ahead with a dodgy purchase in a falling housing market.
Question you need to ask yourself.

What is more likely to cause regret?

1. Going ahead with purchase of a falling asset?
2. Or pulling out and renting for a while?

[suityou01]

Yeah that's right. Bury your head in the sand. Go ahead with a dodgy purchase in a falling housing market.
Question you need to ask yourself.

What is more likely to cause regret?

1. Going ahead with purchase of a falling asset?
2. Or pulling out and renting for a while?

But the housing market is picking up according isn't it?

<ducks and runs for cover>

[ASB]

Good posts one and all. Pleasantly suprised. Even Sasguru helped.

The solicitor has said the lender is prepared to draw down the funds on the strength of that email.

I need a 3 bed semi, and would expect the housing market to have picked up by the time I am 87 tbh.

The solicitor is a reputable one, costing £1000 to do the conveyancing.

The solicitor says it is not an ideal situation, but the risk to me is minimised as much as possible.

I guess I need to get a clearer perspective on what a charge is, and if it cannot be transferred as Turion says.

Ask yourself this question:-

What if this issue has not been resolved by the time I come to sell? Will my propsective purchaser be OK with it?

When your solicitor says it's not an ideal situation he problably means it's an a bloody horrible one. Is your solicitor doing the mortgage companys legals or have they their own. The fact that they will let you draw down the funds seems odd to me.

[DimPrawn]

But the housing market is picking up according isn't it?

<ducks and runs for cover>

Yes, buy now, next year they will be really really expensive. So expensive no one will be able to afford to buy them. The year after that they will be even more expensive and even the rich won't be able to afford them. This will go on forever, until there's not enough money in the whole world to buy one house.

Now hurry along and sign that contract.