Advice required on house move

[sasguru]

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.

[Incognito]

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?

Fluctuations in the value of an individual property do not directly correlate with the fluctuations of the UK housing market.

You sit and wait until the daily mail says it’s time to start buying property again if you want to.

[suityou01]

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.

Thanks for the financial advice. I shall bet the farm on what you said.

[sasguru]

You sit and wait until the daily mail says it’s time to start buying property again if you want to.

Your posts really wallow in ignorance don't they?
Do you know about my history with the property market?

[Doggy Styles]

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

Why go ahead any risk at all?

However much you feel it's not a problem, the risk still exists and can bite you on the bum later. Then you'll be really p*ssed off.

Look for another house.

[BrilloPad]

Your posts really wallow in ignorance don't they?
Do you know about my history with the property market?

So are you thinking about buying yet?

[Incognito]

So are you thinking about buying yet?

I bought again in December last year.

[Incognito]

Your posts really wallow in ignorance don't they?
Do you know about my history with the property market?

No I don't, but to be honest you could just make it up.

[ASB]

The whole point of a charging order is that when the property is sold, an amount of the proceeds is given to the person who placed the order, and the order has then been deemed satisfied.

Charging orders are not transferred. Should not be your problem.

I'm curious about that. I thought it was always down to the person who had the charge to state it was satisfied to the land registry - otherwise our entire conveyancing system couldn't work (not that it does).

Edit: ie anybody with a charge can potentially prevent a transfer happening without the charge

[s2budd]

Pull out and look for another house. There are loads of three bedroom houses on the market at the moment, many empty. You do NOt have to buy that house and it seems too much hassle. Buy another one, it easy just walk into any estate agents and say that you have a mortgage arranged for £x amount and are ready to buy. You will bite your hand off.