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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-
I'm in this exact position and we were already paying 30k above the bank valuation. What to do??
Edit - sorry, to clarify, the position @Señor_Bear noted.
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The estate agents I feel have been to blame for this paying over the odds like they done the last time. Telling sellers they will get this and then telling buyers they need to go in 10 over asking. Absolute cunts
greeno
konastab01
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?