I have been trying to sell my mum's McCarthy Stone retirement flat for a year now. Only had about 8 viewings, changed EA. No joy. Have reduced the price several times. I have lots of debts of my own. I'm a single parent, ex pays nothing and have huge mortgage. Also have lots of bills to pay off from mum's care. REALLY REALLY need to sell this flat. Icing on cake is that the property management company are now threatening legal action as they say I owe £4K service charge for the last year. I've said I'll pay once sold but they are hounding me. They've offered a "monthly scheme" but I just don't have the funds - I can't meet my existing bills. My mortgage has been interest only for the last 6mths as couldn't afford it once ex stopped paying. Child maintenance service useless. If I cant get bank to agree to continue interest only I may end up loosing my own home. I work 37-48hrs a week. There is no way to get more money coming in.
I really wish my mum was here as she'd know what to do but I'm on my own now.
The only option I can see I have left is one of these quick buy schemes. I think its really wrong to be put in this position but what other options are there? I have reduced and reduced but you have to be 60+ to live there and I think this age group are twitched by brexit etc. Every time I reduce it means if I do end up using one of these schemes I will get even less.
I considered them before but felt I was being ripped off so persisted with EAs but have got nowhere. I can't help feeling I should be grateful I am getting anything. I should still be able to clear a lot of my debt which means I might be able to make my mortgage payments. But it still feels like a bad choice.
Advice please x
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Property/DIY
Retirement flat won't sell, wolves at the door - desperate
jugglingeverything · 22/10/2017 10:45
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