Jump to content
House Price Crash Forum
Sign in to follow this  
nome

Let us all have some sympathy for these poor people...

Recommended Posts

Doesn't sound good does it.  I wonder where in the country they are talking about.  I know of someone in a similar position although it involves a flat bought in Liverpool.  It is still worth less than they paid for it at the top of the market back in 2007.  I suspect their window for bailing out is closing with the turning of the year.

Share this post


Link to post
Share on other sites
Just now, dougless said:

You were politely asked not to laugh.  Naughty, naughty.

Only if you're at the back.

I'm at the front.

Share this post


Link to post
Share on other sites

When did the tone of MSE forums change? That isn't the reactions you would have got a couple of years back....

And they are utterly screwed. No work should have been done on the property and losses swallowed as early as possible....

Share this post


Link to post
Share on other sites

There comes a time when you can't just find excuses for market choices of people.

Multiple houses, and one which has been rented out for some time - there is council tax to pay.  

That is not unrealistic tone.  Just cold hard facts.  Cuddles and sympathy means nothing, and no help for the person asking the question, seemingly stuck in fantasy land. 

Nor is the suggestion people are responsible for their own market choices.  In 2007 the poster got what they wanted when buying the property, at a price that outbid other people in the market.

Share this post


Link to post
Share on other sites
On 14/12/2016 at 6:41 PM, eek said:

When did the tone of MSE forums change? That isn't the reactions you would have got a couple of years back....

And they are utterly screwed. No work should have been done on the property and losses swallowed as early as possible....

It makes no sense , your already in trouble with the house but you go an spend a huge some getting your further in debt to help rent it ...really ...

 

Share this post


Link to post
Share on other sites

A golden nugget of advice from a poster on that forum

"Apologies if this has already been suggested, but how much equity do you have in your marital home (at current value)? If you remortgaged with the highest LTV available, would that free up enough cash to dig you out of your negative equity hole and council tax owed?

I appreciate you would likely want to protect your family home from these debts, but it may be a way to stop the debts from mounting further. You'll no longer have this monthly millstone of the old IO mortgage to pay, and be in better financial shape soon."

When in Rome...

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   81 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.