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You are only in NE when you sell at a point where you are in NE.
Don’t want to be in NE? Don’t sell when you would be in NE.
Have no choice? Eeeesh I can’t help you there.
To be clear, I don’t think paying over the odds for things is a great idea, but I also think trying to renege on a deal because the wider situation has changed is particularly great, either. Better to apologise, bail completely and reset.
Howard
@deleted
Buy house for £500k pre C19 agreed price.
You put in £50k and get mortgage for £450k + buy costs of £10k
House worth 20% less - £400k
How are you not in negative equity?