Do we bid against ourselves?

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We are currently living in rented accomodation and I am due to give birth in mid July. We had put a bid of £140k in on a property a property a fortnight ago. The vendor turned it down saying he wanted the asking price of £145k. We left our offer on the table saying we weren't willing to go any higher.
The vendor dropped his asking price from £150k about three weeks ago as a potential purchaser at £150k had their co ownership application turned down and wasn't able to proceed (or so we are told).
Problem is our landlord told us over the weekend they need to sell the property we are renting. They will let us stay until mid September on account of the new baby but will need us out then. I am stressing at the idea of having nowher to live. I don't want to move into another rental as we would then be tied to another 12 month contract before we can buy anywhere.

£145k would in my opinion be a very top end bid for the house in question but now I am tempted to offer it. What would you do in this situation?

Can you afford 145k? Why not offer 142?

If we decide to offer more we will probably start with 142.500 but if that is turned down we would then probably end up offering £145k. I suppose my main problem is that we would be bidding against ourselves, which seems such a counterproductive thing to do.
If we do have an offer accepted on the property we will get a homebuyer survey done. Is it likely to flag something up if the property isn't really worth £145k?

You aren't bidding against yourselves - you are in negotiation with the owner, who doesn't deem your offer to be enough to make them sell you their house. It's not an exact science - everything has a different value to different people. A survey should tell you if there are significant valuation problems, though.

Agree with PP - you're not bidding against yourselves, you're just considering increasing your offer.

I agree with what others have said - you are negotiating with the owner, not bidding against yourself. I've just been in a similar situation myself where my lower offers were refused. I asked myself how I would feel if it sold to someone else - gutted was my answer and so I paid the asking price which was accepted. But admitedly, it was a bit galling to not get some money off!

It sounds as if you have a busy time ahead and as you don't want to enter into another rental contract, you need to get an offer accepted on this house or start looking for another. It sounds as if you are in a strong position being chain free, so if you can afford it, make an increased offer and if necessary, slowly edge your way towards 145k.

Good luck to you!

Once you offer more your previous offer is ruled out so not bidding against yourselves ! Many tenancies are 6 months not 12 but if you can secure this now you could be in by September. You can't predict what a survey may or may not throw up but most have standard caveats and are very general.