Feel like crying ... there is no way out, we are stuck here, in this hell.

[bubbleandsqueaks]

This is my original thread

No way out.

Can't afford to rent it out as we have no financial back up.

Can't sell as we can't rent due to bad credit history.

We are stuck here and if interest rates rise we won't be able to afford the house and then where will we live?

I have hit a brick wall emotionally.

Hi, I've seen some of your posts regarding this, it must be a horrible position to be in! From what I've read, the most obvious solution IMO would be for you to go full time work to increase your income, and save the extra you have coming in to use as deposit and first few months rent. If you are already in debt management plan and making your payments I don't think they would ask you to pay extra, so this way you would be able to move out once your house has sold. Not all landlords would want to see a credit score, as long as you have got evidence of income and mortgage payments being met. Good luck sorting something out

If you sell and have 10k you can rent and pay 6 months up front Then you have 6 months to get sorted.Don't get repossessed if you don't have to.

You have to keep calling the council and the police about your neighbours. They should be moving not you.

Would the property actually sell if it was put on the market bubbleandsqueaks? If you put it on low to sell would you have enough to have any cash left over? The credit rating issue with renting can be overcome if you have a relative who could be a guarantor for you on your rental.

In answer to your question....If you rates rise and you can't afford the mortgage, you stop paying, you save up a deposit, six months rent and costs. It will take you lender some time to repossess you, up to a year (once you know that there is no hope that you can ever afford to stay in your property there is no point in paying your lender any more money, they will take your last penny and still repossess you.) Your local council will have a duty to help house you, because you will have a deposit you will have more options and will not be homeless. Crazy thing is, if this happens, you can role your mortgage and debt up, become bankrupt and be discharged within a year?.that is extreme but so is living in 'hell'.

There are options...there is more to living that having a mortgage on a house that is making you miserable now, just in case you last it out to provide some sort of retirement. Also, if you are renting and money is tight each month you may be eligible for housing benefit top up?

I'd definitely look into selling though?even if you sell at a swift price to a pro landlord. Have you looked at the renal market in your area and seen any nice places you might fancy living? Your only 30, you could sell, recover financially and still hit retirement having bought somewhere. You only get one go at life IMO...there is more to it than money and finances

what noddyholder said

Is it private or social housing? If social, I would keep up the complaints - they already know that you have reported them in the past so you have nothing to lose by continuing and persisting with the anti-social behaviour unit complaints.

If you just want rid of the house (at any price), stick it in an auction where you can be a little less precise about declarations.

I agree, you could put it in an auction but ask auctioneer to put a reserve on. Your gamble then is that it may not reach it's reserve and you are left with the auctioneer's fees. I would take some professional advice on this though.

The other plus is that the buyer exchanges contracts immediately at the auction and pays the deposit. Thats it, it's done and completion takes place generally within 28 days.

Generally auction properties are properties with problems of some kind, so the buyer should beware- caveat emptor. Sometimes estate agents even auction properties they feel are hard to value or unusual. It may not be for you, but nothing is as bad as your present situation.

Since the original thread we have had it revalued and it seems more realistic to think we would sell for £5k above our mortgage, £3.5k of which would go on (estate agent and solicitor) fees according to the agent.

Does that make our situation any different?

DH thinks we should wait a year, he thinks house prices to rise by £5k which would make a big difference to us as we would actually walk away with some money, he thinks our credit rating will have improved slightly and that will mean it will be easier to find somewhere to rent.

I want to get out ASAP - I don't think I can live another year like this, and I also don't want to waste another year of my life living somewhere I hate, for example not being able to enjoy my garden in the summer with my dd's.

I had a chance to speak to the neighbour who lives the other side to the neighbours from hell (we are in a terrace of four houses) and he said that ever since the council housd them there 12 years ago they have wanted to get out. He went onto list some of the things they have done over the years, some were quite unbelievable (and all illegal) he obv. hates them as much as us yet he says he will not report them because of the damage they cause in revenge. He also said the house at the back that is also affected will not report them for the same reason so no chance of us building a case against them.

I really appreciate all the advice, have to go to do a feed!

I think you should speak to the council, most have some sort of anti-social behaviour official. If you can build up a pattern of behaviour (particular times when they cause extra nuisance), they may be willing to do some short-term surveillance to prove your case if you can persuade them that others are too intimidated.

Put it this way, if the neighbours weren't there, would you be happy to stay? As I said earlier, having already complained, I don't think you have anything to lose, clearly you are already the enemy.

Its so hard...at the very least I would keep and eye on rightmove and see what houses are selling in you area and at what price. Why does your DP think prices will rise, is he being just optimistic or has he looked into the economics of it all? lots of economic forecasts are predicting drops in prices.

How much is rental in your area for a 2/3 bed? If rents are cheaper then obviously your money will go further (ours didn't go far..£950/£1000 for a 2/3 bed here .

On the one hand you could stay and fight for a few years...or you could put your energy into somthing more positive...it sounds very hard for you.

I can't remember from your other thread whether you tried to get an ASBO via the council for this family, but seems to me they are prime candidates.

They give you diaries to fill in with any incident, however big or small, and help you build a case.

Have you looked into this?

I sympathise completely, I am in a similar position - desperate to move due to neighbourhood issues, but house prices are slumped, we can't afford to sell for 15% less than we paid and we don't have enough equity to swap to a buy to let mortgage.

Unfortunately the council anti-social behaviour team couldn't help us as we have general problems with the way people use the park near our house. It's impossible for me to identify them and their systems rely entirely on being able to monitor named individuals.

What an awful situation. I'm sorry of I have missed it but have you contacted your MP about the council's lack of action? This might be worth doing especially if they are from different political parties.

bubble - I think you need to summon up all of your strength to tackle this head on. Write letters & emails to all and sundry...(various council departments, MP, govt housing) squeek squeek squeek - there is no point in worrying about making their behaviour more anti-social when it's making your life unhappy anyway. You will be able to get them moved. Tell the people you write to about the other neighbours. Write down everysingle thing you can think of - buy a diary and make a note of everything that happens from now on.

Get bloody angry and get rid of them!!

Bubble what a horrible situation to be living in - I was actually in a similar position myself 3 years ago, and was awful desipte police restrictions thug next door managed to set fire to my flat, Eventually things became so desperate i allowed the flat to be repossesed, and declared myself bankrupt

My local council couldn't house me & i ended up moving to a different area where i managed to find a landlord who didn't require deposits OR do credit checks.

Id recommend if you can letting the house out - and speaking to your local homelessness officer about landlords in the area who do this. The council would have no obligation to house you, but are usually quite happy to give you the number of landlords they know.

try to avoid re-possession at all costs. Even if you have to see the house and come away with not much, you're still young enough to buy somewhere later, there is just no point struggling on with abusive neighbors and a mortgage you can't afford to pay

Best of luck really hope you find a solution x

'DH thinks we should wait a year, he thinks house prices to rise by £5k which would make a big difference to us as we would actually walk away with some money, he thinks our credit rating will have improved slightly and that will mean it will be easier to find somewhere to rent.'

If anything, the prices will fall and interest rates rise.

I'd get out now whilst you can.

Seconded Expatinscotland - Looks like we're headed for a double dip... get out while you can

See, in a lot of ways, I'm glad we're lifelong renters.

Because there's no way I'd ever, ever buy any house unless it was completely detached, and there's no way in hell we could afford that.

I know how horrible it is to have dire neighbours, bubble, I just hope you get out of this soon.