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Vendor is renting flat back from us after we complete purchase - utilities query
Comments
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bitsandpieces wrote: »Actually, is there a reason not to just have 4 months longer between exchange and completion?
The monies from the sale being required for the vendors to buy/renovate the new one?0 -
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You are becoming a landlord and THE ONLY THING YOU ARE CONCERNED ABOUT IS THE COUNCIL TAX/UTILITIES?
:eek: :eek: :eek: :eek:
Do not do this. The list of reasons is too long to put here, though some have been highlighted above.....0 -
You are becoming a landlord and THE ONLY THING YOU ARE CONCERNED ABOUT IS THE COUNCIL TAX/UTILITIES?
:eek: :eek: :eek: :eek:
Do not do this. The list of reasons is too long to put here, though some have been highlighted above.....
G_M it'll be fine. OP is 'on good terms with the vendor'.
Lol.0 -
You are a braver man than I.
I'm gobsmacked that your solicitor is OK with this. Has he talked you though all the implications of this plan?0 -
What will happen about insurance?0
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What about this - you move in and they becomes your lodgers?Gather ye rosebuds while ye may0
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Why not just move the completion date back by a month? If the problem is that they need money for their new property and you're happy to provide that as an interest free loan then it might be possible for you to provide that as an extra deposit (unless that's kept with the solicitors until completion, I'm not sure).Note: Unless otherwise stated, my property related posts refer to England & Wales. Please make sure you state if you are discussing Scotland or elsewhere as laws differ.0
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They could always stick a motorhome on the driveway
Jx2024 wins: *must start comping again!*0 -
You must be mad!!
What will you do if in 4 weeks there renovations etc aren't finished?? How will you remove them???
Personally I would extend the completion date.
Not your fault they cannot afford renovations until completion, maybe like rest of people they will have to live in the place whilst works are carried out or opt for a local cheap travelodge!0
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