Moving into Rented Accommodation Moving into Rented Accommodation
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  1. #1

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    Gumbo Robot has more data than eek


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    Default Moving into Rented Accommodation

    I have a buyer for my house but can't find anything I want to buy so am under some pressure to move into rented so that the sale can go through.

    I'm somewhat reluctant to do this as I can't help feeling there's a risk to this. I've already had more bench time than I expected & if I end up out of contract again for a month or 2 then I'm going to find it hard getting a mortgage ( I have DiP based on my current circumstances) and I could end up without a home of my own.

    Anyone else been in this position?

  2. #2

    I Am Legend

    BrilloPad has reached the peak. Play again?


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    Do you care if you lose the buyer? At the moment there are few sellers.

  3. #3

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    Gumbo Robot has more data than eek


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    Quote Originally Posted by BrilloPad View Post
    Do you care if you lose the buyer? At the moment there are few sellers.
    Yes.

    Been on the market since May. This is the first sensible offer I've had.

  4. #4

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    MicrosoftBob is NOT a disguised employee


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    Quote Originally Posted by Gumbo Robot View Post
    Yes.

    Been on the market since May. This is the first sensible offer I've had.
    Northern Lady UK has competition

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    fullyautomatix 's job has never been outsourced

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    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.
    Vote Corbyn ! Save this country !

  6. #6

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    Quote Originally Posted by fullyautomatix View Post
    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.

  7. #7

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    milanbenes 's job has never been outsourced


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

    Milan

  8. #8

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    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.

  9. #9

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    MaryPoppins is NOT a disguised employee

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    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.
    Practically perfect in every way....there's a time and (more importantly) a place for malarkey.
    +5 Xeno Cool Points

  10. #10

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    Quote Originally Posted by MaryPoppins View Post
    I've today had to quit my current contract for various unavoidable reasons.
    Ohhh do tell more
    How fortunate for governments that the people they administer don't think

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