So, this brexit thing....sell now?

Herzlos

triathlon wrote: »

I don't hate them, I am just not a big fan of them, and my opinion is worth more than most because I know them inside out through renting to them, the lies, the laziness, delusional self entitlement and so so much more.

Of course some are decent, I just have never met one who I would ever have a drink with, as long as they pay up on time, keep my house in good order, then we will have a good relationship.

Sounds pretty toxic to me. But to be fair I doubt many of them would want to socialise with you either so I doubt anyone cares either way.

Crashy_Time

Herzlos wrote: »

Sounds pretty toxic to me. But to be fair I doubt many of them would want to socialise with you either so I doubt anyone cares either way.

And many of his tenants will be leaving the country soon so they won`t be giving him his beer money either Budget should have a few more surprises for landlords anyway, especially the debt heavy ones

chucknorris

misslissa wrote: »

Bottom line we are in a lovely house that we have been renovating. Currently quite a lot of equity in it but we've also accrued high debts renovating (40k) which is frightening but manageable and we have spoken to mortgage company about remortgaging early next year as I've started working again and my income enables us to do this.

However all this brexit talk is stressing me, if the house devalues and our mortgage rate increases we will really struggle to manage financially.

We've been looking and could downsize quite a lot, be comfortable financially and still have a good sized house. I don't want to jump ship 'Just in case but on the flip side I really do because if the bad stuff happens we will be screwed.

It is a bit of a buyer's market at the moment, at least where I am in Surrey. I know that because we have just bought a new home, and soon after moving, we put our previous home on the market, so roundabouts and swings for us, although we did upsize (slightly), but we lost any real notional gain on the fees, but we moved for lifestyle, nothing to do with house values.

triathlon

chucknorris wrote: »

It is a bit of a buyer's market at the moment, at least where I am in Surrey. I know that because we have just bought a new home, and soon after moving, we put our previous home on the market, so roundabouts and swings for us, although we did upsize (slightly), but we lost any real notional gain on the fees, but we moved for lifestyle, nothing to do with house values.

Well done Chuck , from strength to strength, every time you talk about yourself you seem to be doing better and better in life, what a Guy:)
If only you could pass on some of your wisdom and skills to these unbelievers, I hope you and your millionaire wife are happy in your new home, you deserve it.

ukcarper

chucknorris wrote: »

It is a bit of a buyer's market at the moment, at least where I am in Surrey. I know that because we have just bought a new home, and soon after moving, we put our previous home on the market, so roundabouts and swings for us, although we did upsize (slightly), but we lost any real notional gain on the fees, but we moved for lifestyle, nothing to do with house values.

Yes in the same where I am but I'm only about 20 miles from you.

CKhalvashi

triathlon wrote: »

I don't hate them, I am just not a big fan of them, and my opinion is worth more than most because I know them inside out through renting to them, the lies, the laziness, delusional self entitlement and so so much more.

Of course some are decent, I just have never met one who I would ever have a drink with, as long as they pay up on time, keep my house in good order, then we will have a good relationship.

Is there any need to be so rude about those paying you money every month? If you said the same openly about your employers, I wonder how well that would go down........

Back to the thread for the OP, Brexit in the short term is unlikely to cause a fall in house prices, in fact it may cause a slight rise when it turns into a disaster if interest rates go down again.

If you can’t afford for them to go up and are overleveraged, the standard advice anyway is to sell and find somewhere you can afford. As previously mentioned, doing this often can lead to estate agency and legal fees outweighing any savings.

triathlon

CKhalvashi wrote: »

Is there any need to be so rude about those paying you money every month? If you said the same openly about your employers, I wonder how well that would go down........

Back to the thread for the OP, Brexit in the short term is unlikely to cause a fall in house prices, in fact it may cause a slight rise when it turns into a disaster if interest rates go down again.

If you can’t afford for them to go up and are overleveraged, the standard advice anyway is to sell and find somewhere you can afford. As previously mentioned, doing this often can lead to estate agency and legal fees outweighing any savings.

I am never rude to them??

As long as they pay me my rent every month on the dot and don't cross me I am quite civil to them

Malthusian

triathlon wrote: »

As long as they pay me my rent every month on the debt

Freudian slip? Leverage playing on your mind?

triathlon

Malthusian wrote: »

Freudian slip? Leverage playing on your mind?

I meant rent, make of it what you want

chucknorris

Malthusian wrote: »

Freudian slip? Leverage playing on your mind?

All debt isn't bad though, it can actually be good, all my mortgages are low margin trackers (base rate plus 0.38% and 0.64%). I could pay them all off next week, but it would mean selling equities that currently yield about 4% (and also incurring 20% capital gains tax too). I'll probably not redeem any mortgages until I actually sell a property.