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rent out my place and buy another
Comments
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how is water £500 a year?
it might be worth doing an SOA on the debt board, if you havent done it already0 -
Barry, if you can't afford to live at the moment, I can't see a bank lending you £180,000 to buy another property.0
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The term "disaster waiting to happen" springs to mind!0
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If your house has been on the market for some time with no viewings at all it is overpriced. You need to price it sensibly, sell and then downsize.0
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bacially i dont earn enough from my job to live and travel to from work.tried tax credits and all that but nowt i dont get anything and the csa jumping all over me for more,other than getting a new job ive tried,going to have meters fitted to pay dets on elec/gas and water,water alone for me is £500 on a meter it will be a 1/4 of that.and i dont earn enough to rent and live on my own and i need a 2 bed for my boys when i have them....
With credit history like that, you might find it tricky securing finance.The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
sorry to ask but whats a SOA0
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If you have debts and need the money, how is keeping your old property and getting more into debt going to help?
Your friends advice was worthless.0 -
Not if he breaks even, or even makes a profit.The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0
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We have agents asking us to rent our old house out if we buy another property, they have no chance of that, way to much hassle and worry. Think the rental market is best left to professionals not enthusiastic amateurs.0
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