Hi just wonder if anyone has any ideas on the following: -
Myself and boyfriend last year were getting a site from his cousin at very reasonable price – we tried for planning and were refused. The plan was to keep trying for the planning permission and had a Councillor working for us and expected to eventually get planning. In March we decided to buy a house while we waited. Then his cousin decided he wouldn’t sell us the site. So now we are living in a 3 bed semi in an estate that we really don’t want to be in.
A site in our area has come up for sale for €135k with planning and we really want to make an offer but we haven’t got a penny. Ideally we would rent out our house and live on a mobile on site. We went to a broker who thought we should be able to get 80% of the site value. But this leaves 20% plus stamp duty which we can't come up with.
Is there anything we can do – we can’t sell the house because we would loose money on it. We expect the value to go up in the next two years as the new motorway which is near us should be ready.
Is there anyway around this predicament?
Our gross income is about 60K and our mortgage is 200K. Should we just wait and try to save?
Any tips would be greatly appreaciated.
Myself and boyfriend last year were getting a site from his cousin at very reasonable price – we tried for planning and were refused. The plan was to keep trying for the planning permission and had a Councillor working for us and expected to eventually get planning. In March we decided to buy a house while we waited. Then his cousin decided he wouldn’t sell us the site. So now we are living in a 3 bed semi in an estate that we really don’t want to be in.
A site in our area has come up for sale for €135k with planning and we really want to make an offer but we haven’t got a penny. Ideally we would rent out our house and live on a mobile on site. We went to a broker who thought we should be able to get 80% of the site value. But this leaves 20% plus stamp duty which we can't come up with.
Is there anything we can do – we can’t sell the house because we would loose money on it. We expect the value to go up in the next two years as the new motorway which is near us should be ready.
Is there anyway around this predicament?
Our gross income is about 60K and our mortgage is 200K. Should we just wait and try to save?
Any tips would be greatly appreaciated.