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In have put down about 30% now and it closes in 2008. Its a niie development and I am buying a studio 13th floor but have been made redundant and am not sure if I can continue the payments.

Can anyone advise me the best way to tackle the situation to possibly dispose of the unit sadly.

I like the Sports City concept so this is a blow buit I have to be realistic.

Any assistance grestly appreciated as i am in difficulties here in thE UK.

Sincerely,
Stuart

no replies as yet. If any agents or business people know of Champions Tower I would really appreciate your advice as what is best to do.
Thanks

Stuart

Sell or get another job

Thanks Scarlet for your informative and hearty response. Much appreciated, it will really spur me on to take the right steps forward

stu wrote:In have put down about 30% now and it closes in 2008. Its a niie development and I am buying a studio 13th floor but have been made redundant and am not sure if I can continue the payments.

Can anyone advise me the best way to tackle the situation to possibly dispose of the unit sadly.

I like the Sports City concept so this is a blow buit I have to be realistic.

Any assistance grestly appreciated as i am in difficulties here in thE UK.

Sincerely,
Stuart

If you do not have a job and are not able to make the payments, you should sell before you get into a worse situation and lose everything.

stu wrote:Thanks Scarlet for your informative and hearty response. Much appreciated, it will really spur me on to take the right steps forward

Stu i was just being brief and realistic. it is an unfortunate position you are in I know the stressof a hefty mortgage and no means to meet the repayments howver in this situation when you break it down these are your options.

There is a large 2nd hand resales market hee for property do try to use it for your advantage.

You said you like the property and so will be sad to lose it, but the truth is you can always repurchase in there when your situaion as improved - or get a job - or speak to the developer/financer about your situation and ask if they can hold payments for 3-6 months.

Banks do this when people get preganant/go on holidays etc they have systems in place for holding tje loan.

You are going to be their sucker for 25 years so they dont care about giveing you a few months breather.