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decided not to go ahead with the transaction, would you do what i did?

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Comments

  • vincentt
    vincentt Posts: 41 Forumite
    Hey guys just an update.
    Went to the bank on Saturday and have the mortgage is about to be sent to under writer. just need to bring proof of address via drivers license)
    I am due to meet the lawyers tomorrow. and thanks for the advice about seeing the solicitor.
    it is a recommendation through a cousin, do you think that i could get a discount this way as there is no agent to get a cut?
  • vincentt
    vincentt Posts: 41 Forumite
    I just wanted some of your thoughts.
    I have decided to pull out from the transaction because i am worried that the sub station that is at the end of the garden may put off potential buyers in the future (like it is for me) and i feel that the price i am buying it for does not even reflect this concern.
    Do you think that having a power substation (size of garage) will affect a) health and b) sale price in the future..

    I am planning to rent out the property once i have found tenants and live in the property in the mean time. I am in the process of looking at other one:
    http://www.primelocation.com/uk-property-for-sale/details/id/ELTM9940017/
    any opinions on that as a rental?
  • greenhill
    greenhill Posts: 188 Forumite
    Part of the Furniture 100 Posts
    Not meaning to be rude................but I'm glad that I'm not the vendor!

    Best of luck with your future plans.
  • vincentt
    vincentt Posts: 41 Forumite
    greenhill wrote: »
    Not meaning to be rude................but I'm glad that I'm not the vendor!

    Best of luck with your future plans.

    you're not being rude at all. we were not that deep into it anyway. i had just spoken to the bank and the solicitor..
    but thanks for your insight.
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