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I need investment! Does anybody want to part buy a property?
dharm11
Posts: 147 Forumite
We desperately need to move to a better house,
I live with my farther and he’s wheelchair reliant, he has been stuck in his current property for a while and we need a more suitable house to live in.
We cannot get any loan/mortgages, as most lenders cannot take benefits as a source of income.
We have tried selling our current property we live in but with no joy.
I would like to find and move into a new property ASAP so my farther can enjoy the rest of the summer.
We have raised 50% of the cash and now need someone to invest and rent out to us the other 50%. Once our current property is sold we would like to buy the rest of the new property so that we own 100%.
Would anyone be interested? What other options could I try?? Should I be asking David Beckham?
Any suggestions would be much appreciated
Thank you
I live with my farther and he’s wheelchair reliant, he has been stuck in his current property for a while and we need a more suitable house to live in.
We cannot get any loan/mortgages, as most lenders cannot take benefits as a source of income.
We have tried selling our current property we live in but with no joy.
I would like to find and move into a new property ASAP so my farther can enjoy the rest of the summer.
We have raised 50% of the cash and now need someone to invest and rent out to us the other 50%. Once our current property is sold we would like to buy the rest of the new property so that we own 100%.
Would anyone be interested? What other options could I try?? Should I be asking David Beckham?
Any suggestions would be much appreciated
Thank you
0
Comments
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You need to work out why your property is not selling. Is it priced too high?
What you are trying to do is arrange bridging finance, there are many people who do this. It can work out expensive, especially as you don't know how long it will take to sell your house.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
i thought i should post this website that may help people in a smiler situations
http://a-quick-sale.co.uk0 -
Why were you not able to sell the house you live in?Everything that is supposed to be in heaven is already here on earth.
0 -
thanks for your response silvercar,
our current property is in need of some light improvements and we have lods of disability equipment indoors such as bed, wheelchair, hoist and other bits and bobs.. ths all sorts goin on in our house, i would be amazed if anyone spent more the 5minutes in it.0 -
thanks for your response silvercar,
our current property is in need of some light improvements and we have lods of disability equipment indoors such as bed, wheelchair, hoist and other bits and bobs.. ths all sorts goin on in our house, i would be amazed if anyone spent more the 5minutes in it.
It wouldn't put me off at the right price! If you find the right person and advertise correctly, you could easily find a cash buyer.Everything that is supposed to be in heaven is already here on earth.
0 -
Dharm11,
The asking price of your property ought to reflect its condition, including any adaptations, so AT THE RIGHT PRICE IT SHOULD SELL, how much is it on the market for?, has it been reduced at all?.
Is there any mortgage on your current property?..Have you found a prospective new home?
The proposal you are looking at seems a bit messy to me, but with the right partner and legal agreements in place it may be possible....I dont feel it is something that I would be 100% comfortable undertaking. Also dont put yourself under undue pressure of timescale in trying to be in this summer.
Good luck,
Mark.You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow the MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.I am a Mortgage Broker.0 -
i thought i should post this website that may help people in a smiler situations
http://a-quick-sale.co.uk
call me sceptical, but that looks like a nice way to spam the forum
anyway, your house is obviously priced to high taking everything into consideration.
HOWEVER if you contact ds1980 on this forum, he's always interested in helping people out & buying more property!0
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