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buying house from our landlord
Comments
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absyandtigger wrote: »Thank you for that, we are beginning to come to that conclusion.
With the housing market/economic situation, it is feeling more secure to rent, with security of tenure/fair rent. We will only go for it if we can secure it really cheaply. ie around about the £104k mark. Will let you all know how it goes.
Smart move.0 -
... as I read it you have a life time tenancy which over-rides the ownership of the house and means you cannot be homeless or have substainally increased rent.
That said I would say Snazzy's comments on post 22 is well worth considering. Live in your home paying your rent for as long as you want to. Get yourself on the property ladder next year by buying the house you want to retire to and rent it out until you are ready.
But that throws away about £200,000 of value which is in the house currently being rented.After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
poppysarah wrote: »I'd offer less. Every day the BTL mortgage market shrinks a little bit more.
600 a month rent sholdn't mean more than 72k for 10% yield which is what a good BTL investment would want,
But an amateur LL may be happy for 5%, which means a value of £144000, ignoring maintenance. The bid is against the BTLer demanding least yield.After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0
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