sorry to keep you guys all waiting for news... it's good and bad i'm afraid! It's going to be a long one sorry...
We didn't get the house... even with offering all we could which was only £5,000 less than the full asking price.
We're getting squeezed financially from all angles re selling/moving... our property has dropped in value hugely since we've bought/lived here, our buyers squeezed us as they are cash buyers that have no chain and know we are v keen to move. Then our mortgage company dropped the bombshell that we couldn't port the whole of our current mortgage due to the property price/equity drop giving us £33,000 less to spend on our next property. This has kick started a discussion between DH and myself as to exactly why we're moving from the spacious apartment we love. Our main reasons for moving was needing another bedroom for our little girl, not being able to cope with 2 kids and a dog on a 1st floor apartment, lack of storage, our need for a dining area and a useable garden for the kids to play in. Well DH has had a brain wave inspired by our looking at so many houses. Our DS is currently in a room that is vast in size.
We can't subdivide his room to make 2 bedrooms as we'd need to alter the exterior of the building to put in another window (which we're not allowed to do because of the leasehold) & not easy either due to the age of the building (1890's). But we could subdivide his room to create an interior storage room and still leave him a really good sized single bedroom that will be cosier than he has at the moment and plenty of room for him to grow into.
This means the good sized single room we use as our store room can be our little girls bedroom/playroom. My mum has offered to have our old dog if i can't cope and as he's 16 this year and feeling his age that problem is a relatively short lived one anyway.
If we build the store room we'll then have enough space to make our lounge into a great living/dining room. As far as the garden goes... we have 2 large areas of communal garden around the building already and the quiet area at the back just needs to be sorted to make it child friendly. So if none of the other residents object to us paying to get it landscaped and putting a slide & kids playhouse in it then that is sorted too. We've lived here since 2005 and so far we have been the only ones to make use of the garden so somehow i don't think our improvements to it would be a problem for anyone.
We're not going to be able to buy anything as nice as we have already and that's within our choice of primary school catchment area for DS that we are in already. We're losing money with moving from all angles... So to cut a long story short... we're going to splash some cash and stay put instead.
Got to phone our estate agents tomorrow and give them the bad news... ok we're losing the money we paid for the HIP and to instruct the lawyers but losing just over £500 is not as bad as losing many £1000's.
We know some very good trades people to do the work needed so tomorrow i'll set to work getting quotes for the subdividing instead...