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Seller's opinions appreciated
Gemmzie
Posts: 14,876 Forumite
Have found a property with OH. Have a mortage agreement for £83k max.
Property is £140k but over-priced for the area/size. So we were thinking of offering £120k.
This £120k would be 75% mortgage, 25% rent.
We can easily afford the 25% rent and being good MSErs would pay off larger chunks whenever possible. Plus we're both young so hope that our wages will drastically improve once we finish training.
Is this possible/reasonable? Any advice appreciated.
Also, forgot to add, estate agent fees could be avoided as we know the seller personally - hence the reason for gaining advice first, we don't want to appear to be underoffering because of this (e.g. expecting a favour).
Property is £140k but over-priced for the area/size. So we were thinking of offering £120k.
This £120k would be 75% mortgage, 25% rent.
We can easily afford the 25% rent and being good MSErs would pay off larger chunks whenever possible. Plus we're both young so hope that our wages will drastically improve once we finish training.
Is this possible/reasonable? Any advice appreciated.
Also, forgot to add, estate agent fees could be avoided as we know the seller personally - hence the reason for gaining advice first, we don't want to appear to be underoffering because of this (e.g. expecting a favour).
No longer using this account for new posts from 2013
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