Reply to: Moving into Rented Accommodation

[Gumbo Robot]

If you love the place and it's more than just an asset to you, why not consider extending? If you're in the sticks it sounds like there would be space and not too many planning issues?

Got planning permission & plans drawn up but the quotes I got were eye watering. That's before adding 20% VAT.

[d000hg]

I've put so much work into this place over the years, especially in the garden and I've become somewhat attached to the place.
It's also in a very quiet secluded spot & most of the properties I've been looking at haven't got that level of privacy, or are on a busy road etc. Problem is, I need more space hence the need for a move but I worry that I won't find anything that ticks all the boxes & once I've sold up there's no turning back.

If you love the place and it's more than just an asset to you, why not consider extending? If you're in the sticks it sounds like there would be space and not too many planning issues?

[vetran]

What's mortgage application???

Its like a Credit application for a sofa but for a lot more money.

[ChimpMaster]

I've put so much work into this place over the years, especially in the garden and I've become somewhat attached to the place.
It's also in a very quiet secluded spot & most of the properties I've been looking at haven't got that level of privacy, or are on a busy road etc. Problem is, I need more space hence the need for a move but I worry that I won't find anything that ticks all the boxes & once I've sold up there's no turning back.

I'm guessing you live up North but even there house sale activity is beginning to pick up quite quickly now in most areas. Apparently Stoke is the new hot-spot .

Years ago, around 2009 in fact, my cousin and her husband sold their place but hadn't found a house to buy. It took them a while to sell because the housing market had slowed drastically around that time, so they were happy to sell and - I believe - they thought prices would come down and they would buy their next house cheaper.

They have been renting ever since. That's right, 6 years of money thrown into the rent bin - and only now have found a place to buy. Their old place has doubled in value (East London somewhere) and the place they're buying is around 50% more expensive than it would have been in 2009. So they've lost all the way.

For now, house prices are likely to keep rising, especially out of London, so don't procrastinate too long ... good luck

[Gumbo Robot]

Sell. Worry about the consequences later.

I've put so much work into this place over the years, especially in the garden and I've become somewhat attached to the place.
It's also in a very quiet secluded spot & most of the properties I've been looking at haven't got that level of privacy, or are on a busy road etc. Problem is, I need more space hence the need for a move but I worry that I won't find anything that ticks all the boxes & once I've sold up there's no turning back.

[FatLazyContractor]

What's mortgage???

FTFY

[FatLazyContractor]

Are you selling your house to AtW ?

[SueEllen]

Sell. Worry about the consequences later.

Agreed.

If you are in place where buyers are few and far between then sell up.

You have 5 months in which to find and do a role anywhere in the country to get your mortgage application through then you can dump the role.

[AtW]

I am completing on my sale tomorrow, finally; and am living with family whilst waiting for my purchase to go through. Only, I've now pulled out of the purchase and thus have stalled my mortgage application.

What's mortgage application???

[Platypus]

Sell. Worry about the consequences later.

[Troll]

I've today had to quit my current contract for various unavoidable reasons.

Ohhh do tell more

[MaryPoppins]

This is kind of happening to me right now.

I am completing on my sale tomorrow, finally; and am living with family whilst waiting for my purchase to go through. Only, I've now pulled out of the purchase and thus have stalled my mortgage application.

I've today had to quit my current contract for various unavoidable reasons.

Without an approved mortgage offer or contract to help facilitate one, it looks like I may have to shelve the house purchase - for now. But one thing I'm sure of is that I want the sale to go through irrespective of any of the above.

Unless you pull the plug on your sale, I'd probably just rent in your position.

[TheLordDave]

A coworker I knew did this years ago. Sold up, moved into rented for 6 months. In that time the prices went nuts and they could no longer afford the house they had just sold.

Not that it will happen these days but sucked for them.

[milanbenes]

most importantly, what are your skills and what is your chance of getting another contract ?

Milan

[Gumbo Robot]

Where do you live ? In some dump ? Every house that has come on sale in the last couple of years has gone to offer within a week.

Middle of nowhere.