Can we borrow 20k?

meer53

iolanthe07 wrote: »

I make between 15k - 25k per year
me= self employed with non taxable income

How are you able to get away without paying any tax? It isn't voluntary, you know.

I was thinking that, shot yourself in the foot really haven't you OP ?

meer53

tomjonesrules wrote: »

How have they shot themselves in the foot?

What i meant was that if they earn enough to pay tax but aren't, then they aren't declaring their true income. If they were, then they might have a chance of borrowing what they need.

Although whether anyone would lend to them under these circumstances (with the problems that come with the property) is debatable.

Iwanttobeatree

iolanthe07 wrote: »

I make between 15k - 25k per year
me= self employed with non taxable income

How are you able to get away without paying any tax? It isn't voluntary, you know.

im a professional gambler, im not required to pay tax on winnings in the UK, ive checked this many times and every friend i know from the UK who is also a professional gambler also isn't required to pay tax, correct me if im wrong.

BoGoF

Kind of getting away from the original question.

With a provable income of £15k you are not going to get a loan for £20k

Iwanttobeatree

tomjonesrules wrote: »

OK, 125 years from 2008 would mean there are 121 years remaining, so that should not affect the value for some time yet.

Definitely find out about service charges and insurance - these can be nominal or incredibly high. I pay £800 a year for little more than insurance.

Freeholder disputes can be for endless reasons. I live in a leasehold maisonette, and I'd never buy LH again. Too many parties interested for financial reasons, but only me interested in it as a home.

When you find out the reason for the dispute, the question to ask (or at least, to consider) is why the current owner could not get it resolved, and hence whether you will be able to.

Intriguing!

yeah cheers for that i will quiz about the dispute and if it can be resolved, cant be good if its gone to court really can it lol. Leasehold does scare me a bit with so many people seem against it and its not ideal but trying to get on the ladder and want a project.