We've just come back from a week away to find we've been given notice to quit on our home.
We have lived here for 6 years and had both of our children here.
We have been renting for so long because property prices here are mental.We have a deposit saved but it will only work out as about 15% against current prices.
The landlords say they are being posted abroad (they're in the forces)but want to keep their base in the UK for weekend visits and for their au pair! Bless. Their children are in a local boarding school.
They have offered to sell privately at a fairly reasonable price but I'm not sure we can raise a mortgage in this climate. This has all come out of the blue and the letting agents mentioned nothing about them wanting to sell. I'm just not sure I trust them.
DH got made redundant about 18 months ago but has been running his own IT business since and although it's always a case of short term contracts, they seem fairly consistently available and well-paid.
One added problem is that the fields at the back of the estate we live on are about to become a housing estate which has caused a glut of local houses to come on the market.
Our house is a bit dated and needs a bit of work but we are so used to it and it is near the local school etc. DS 2 will start there next year.
What would you do? Try and buy the house or chance renting until the market stabilises?
Please or to access all these features
Please
or
to access all these features
AIBU?
to want to get a mortgage and buy 'our' house?
49 replies
debs40 · 17/04/2009 19:11
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.