General Chat

I agree with Diana, my OH had a house when we married and we could keep it if we had a tenant. Due to the CSA we lost the tenants and the house, Good luck, Cazx

Then stick with the offer you have made and say its your best and final..... if its meant to be then it will be yours!! xx

I have always worked on the premise 'When in doubt, don't.' Listen to your heart. Only you and hubby can make the decision, so you both need to be sure you are doing the right thing. I suppose there is always the possibility that you could buy it, do it up, and resell for a profit if you decided it wasn't for you.

I dont think a tenant would be a problem. It is in a very desirable area, albeit the cottage itself is very rundown inside. The agents are currently letting it for £425 and say that it is now due to rise to £500. Short term we could manage the mortgage payments.

To be honest I'd back out. They already have 7 offers so why not just take the one that's offered the most? They're just out for an extra penny (or £1,000 in this case). There are always lovely properties coming up that need modernisation, just hang on, you have plenty of time.

Will you be taking a mortgage on it? Can you afford the repayments if you don't have a tenant? If you can then I would say go for it...... but if it is CRUCIAL that you have a tenant then I would be wary!! Good luck xx

Hubby and I looked at a cottage monday. Its in the ideal position for our retirement in about 4 years or so. In the meantime we planned to let it. Now, we put in an offer over the asking price on Monday evening (we were told we were the last viewers - everyone else had been on 2 'open days'). Yesterday agent rang said they had had so much interest - apparently 7 offers - that they now want 'best and final offers' by tomorrow at 12. Im very nervous about this - we have never owned another house in addition to our own and there is a tenant there already who has been there 7 years on a 6 month renewed agreement and he has been given notice to leave. The cottage needs a considerable amount of work for it to be livable for us but we could do that over the 4 years and the tenant could stay on or we could get others. But Im getting cold feet. Say we cant manage the payments or the housing market crashes or we cant sell this house when we want. Should we back out now and perhaps lose the ideal place or just go on? I know other people in less secure positions than us do this sort of thing. Im just very nervous now.

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