Our neighbour is a business which needs additional licenses to further it's activities - that are less likely to be approved with no residential neighbours and that we would have to object to in any application as it would impact our property and lives.
We are in negative equity so were considering renting our property out and renth elsewhere as we want to try for dc2 and would need 3 bedrooms as opposed to our current 2. But aware that being a landlord would come with risks as well as continued maintenance of an old cottage which possibly has damp and we fear is moving (previous subsidence in the 70's due to local mining and a conservatory which will need replacing in a few years.
The neighbour approached us last week asking how much we need to move - we gave a price £2k over our mortgage balance to pay solicitor's fee and rental deposit. They are yet to confirm that they accept. The amount I believe to be £20k over market value - we have been v open about the fact that we are making a loss (from purchase price plus improvements we have made ) but this will clear the mortgage.
We can't move the mortgage as they need a 10% deposit even though we have have an existing mortgage.
My parents are aghast as they feel we should have asked for more money to allow us to buy elsewhere as they feel it is wrong to come of the housing ladder
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urgent help with negotiations re private house sale
17 replies
maddening · 04/12/2012 11:30
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