Silly offer on our house, minimum equity for mortgage ?

[cyberknight]

Bit of an update.
had another offer that was slightly higher so i tried the waters with an offer on another house that could be ok but it was rejected so i think i have convinced swmbo that i am not going to move to a smaller house and end up with the same outgoings.

 

[marshmella]

I've just read through this thread CK, and you're doing the right thing in staying put. Hope things start looking up soon.

 

[Hicky]

We downsized, from a large two bed semi in a nice area with beautiful large gardens to a two up twodown gable end terrace house with a shared garden in a very average area.
We were too young and it was too soon in our career/life(luckily it was at a time when the market looked very different so we didn't loose money).
Now we have a house( ie v cheap) we can afford on only my wages and supporting two kids, no where near the level of the previous house but hey ho growing up I had square root of feckall.

I do wish we'd of tried to stick it out, I wish you well!