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Buy to Let??
Comments
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It depends on your area. How are house prices where you are Karen? Looking at the figures above could you afford to sustain these payments over a long period?
I am not a believer as some of the above are, that there is a massive fall on the horizon. If there is it will be southern as it was previously. Prices in London are ridiculous.
Even assuming there was a crash as long as you can hold on long enough it will turn round.
If you are sure you can afford it. Go for it!
Although Im not sure about your intention of buying a New Build. This is a part of the market I do think is overpriced.0 -
Karen_is_confused! wrote:I really appreciate all the advice. Keep it coming!!!
I do intend to keep the house as long as I can to pass on to the kids. I'm not in it for the rental money each month for gain or even to sell in a few years and make a profit on appreciation.
I guess my end ideal would be to have a house for my children to have in a few years and in the process help out my sister with somewhere to live. (she's not likely to leave).
The apartment is in Ipswich, Suffolk, but on talking to a different set of agents today I feel the rent may be unrealistic.
It would fit in better with my long term plan to get a good old house and keep it!
Ipswich & long term, hmmm, sea level rise, tidal surges, all the fun & games of climate change. Get one on an upper floor."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
Or better still, a house boat.0
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