Conrad Posted January 26, 2009 Share Posted January 26, 2009 Conrad - thanks for the words of encouragement. I have seen another mortgage advisor this evening and hopefully he is going to come back to me with some more options. I am also thinking of asking estate agents to send me details of every property with no upward chain - upto 50k above my borrowing limit in the hope of being able to secure a property at a bargain price. I am not desperate to buy any old property, I am looking to buy my next home and guess I will have to wait for as long as it takes - hopefully before the market picks up again. Defnitely check with your local agents for properties with no upwards chain. We bought a run down bungalow last summer for next to nothing, it was left to a guy by his mother who had passed away. It was on for £140k at the time and we ended up getting it for £103k, the agents were happy to get that too! The market is bad at the moment but we've just finished building 4 detached bungalows, all of which are thankfully sold. We have sold them for way less than their valuation but it's still profit at the end of the day, the silly money we were getting two or three years ago is long gone!! Good luck with your search mate, something will come up!! Quote Link to comment Share on other sites More sharing options...
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