This four-bedroom home can be yours for less than the price of a cup of coffee.
Declan Garrett, 38, and Leonie Webb, 35, are dropping off their adorable family in Weston-super-Mare, Somerset – and tickets are £3 each.
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The couple say they are being forced to sell the converted bungalow they share with their seven children under the age of 12 as their mortgage payments rise due to the cost of living.
But the fall in the value of the pound and rising interest rates have made it harder to get another mortgage – and families are often turned down for loans because of their size.
To raise enough money to buy a new house, they decided to auction off £300,000 worth of tickets for just £3.
Declan told NeedToKnow online: “We are concerned that a normal rate of decline is unlikely and the current volatility in interest rates and the economy.
“Our fixed rate expires next year, so that adds to our concern.
“The main problem with mortgages is that no one with seven children with affordable checks can make any reasonable loans.”
The family needs as much space as it can get because the children will all be teenagers soon, he added.
When standing, you will not be able to fit everyone around the dinner table every night, but asking for a prime spot on the sofa will cause a mad rush.
Mortgage rates have been rising as inflation has picked up since December – but have recently shot up after the government’s small budget.
Chancellor Kwasi Kwarteng was sacked in response to the markets’ reaction to his announcement, and huge corporation tax cuts were scrapped.
However, homeowners are still seeing mortgage bills and struggling to refinance.
That problem will be solved if one lucky buyer wins Declan and Leonie’s house.
Declan continued: “If the item is successful, it’s a huge win for everyone in that regard.
According to the listing, the house has four bedrooms on one floor, two bathrooms and two gardens.
The front garden has been landscaped and boasts a 50-gallon pond and three fruit trees.
The draw closes on October 21st and can be entered here.
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