opinions - not a perfect house - not a perfect area - but cheap.

ABN

roswell wrote:

... I had just purchased my first house...
...My partner and I currently live in a rented flat (council)...
...2nd property...

Your thought ?

Sightly off topic but from reading your OP am I to assume you own a property yet live in a council flat ??

If thats correct and IF there isn't a soicially acceptable reason for that do you feel that is the right thing to do??

roswell

lynzpower wrote:

personally, Id be very tempted.

TO get your own property and the extra space- for an extra 20 pm - sounds like a cracking prospect.

Have you got money for sols etc?

Yip I have funds that will cover the usualy sols / morgage arrangment / surveyer fees.

roswell

RHemmings wrote:

Do you have children? You describe this as an area you don't like? If you had children, or planned to have them, then you should consider that your children may be influenced by peer group pressure. And in some areas that peer group may be street gangs and the like.

I agree this isnt a area I would want to bring up children, and if we did have children i woudl look to move.

Ideally I would want a house in the area Im currently living but financialy thats not really a possibility with out major financial stress and isnt a route I would want to go done.

roswell

ABN wrote:

Sightly off topic but from reading your OP am I to assume you own a property yet live in a council flat ??

If thats correct and IF there isn't a soicially acceptable reason for that do you feel that is the right thing to do??

This is correct, Although i dont need to justify why this is the case i shall,

I purchased my house before I met my partner, My mother lives in my house and this is still the case, My partner already lived in the flat I moved in with her because thats what happens in life.

Me and my partner live in a completely different county to my house and its also easier / quicker and cheaper for me to travel to work from the flat.

As to if its socialy acceptable I guess thats a matter of opinion but as the council have no problems taking rent and council tax off me if its good enough for them its good enough for me.

lynzpower

roswell wrote:

This is correct, Although i dont need to justify why this is the case i shall,

I purchased my house before I met my partner, My mother lives in my house and this is still the case, My partner already lived in the flat I moved in with her because thats what happens in life.

Me and my partner live in a completely different county to my house and its also easier / quicker and cheaper for me to travel to work from the flat.

As to if its socialy acceptable I guess thats a matter of opinion but as the council have no problems taking rent and council tax off me if its good enough for them its good enough for me.

and chances are that if you lived in your house, your mum may have to rent off the council so swings & roundabouts

Jonesya

roswell wrote:

May be hard to sell but easy to rent out.

Why is that then? The monthly cost to the tenant is going to be slightly higher than the cost to the buyer for the same property? Is there a lot of demand for temporary housing - students, migrant workers etc?

Why do you think the property company sold them?

roswell

lynzpower wrote:

and chances are that if you lived in your house, your mum may have to rent off the council so swings & roundabouts

Correct plus one of the deciding factors when I got the house is its in the same village as my gran who is 83 so really to swap it all around just for me and my partner to live in my current house would cause a lot of upheavel.

roswell

Jonesya wrote:

Why is that then? The monthly cost to the tenant is going to be slightly higher than the cost to the buyer for the same property? Is there a lot of demand for temporary housing - students, migrant workers etc?

Why do you think the property company sold them?

Well my belief and general opinion is that 99% of first time buyers wouldnt want these properties even though they are the true "First time buyers property" most street house`s are seen buy 20 something `s as houses students / grand parents / DSS live in not the first run on the ladder.

They want there first house to be a 3 bed semi with front and rear gardens.

As to why they are going to be sold I dont know there reason other than they need some repair work that if they had been properly managed should have been done before they were let out originaly.