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Scheme to buy property in 5 years, rent out until then
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Highlighted bit makes absolutely no sense. It is piffle covering up the part of his story which is his big problem. He cannot get a mortgage. You have to wonder why.Thanks for the useful replies. The guy doesn't want to rent the house for himself to live in and he has other properties he rents out too. He will rent it out for as much as possible and give my partner the going rent, so I guess he'll make about £200 a month by adding extra people to rent. He doesn't want to mortgage the property because of the current market. The insurance bit of this worries me. The guy will add the property to his own insurance on other properties, but if say it burnt down, my partner would have to make him rebuild the property and what if he didn't or couldn't?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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