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Landlord selling house

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Comments

  • Takmon
    Takmon Posts: 1,738
    1,000 Posts Second Anniversary Name Dropper
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    areia said:
    Well sadly can't raise 80 to 90 thousand for a deposit. Despite being fully able to afford it 😔 bank of offered 110 on a 200k house. Gutted. Mortgage would of been 750 pm.  Now having to look at rentals for 900 to 1000k a month
    Well if you can afford a rental at 900,000 to 1,000,000 a month then you must be able to afford to buy a place  ;)


  • areia
    areia Posts: 47
    Tenth Anniversary 10 Posts Combo Breaker
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    Takmon said:
    areia said:
    Well sadly can't raise 80 to 90 thousand for a deposit. Despite being fully able to afford it 😔 bank of offered 110 on a 200k house. Gutted. Mortgage would of been 750 pm.  Now having to look at rentals for 900 to 1000k a month
    Well if you can afford a rental at 900,000 to 1,000,000 a month then you must be able to afford to buy a place  ;)


    Lol sorry £900 per month. Agent has popped round today for measurements. House will be online next week. Hes changed his tune in regards to saying a buy to let buyer. Its all i can hope for. Its a landlords market at mo. We rang about 4 different places we were possibly interested in all pending with more than one applying and waiting on landlord. Well to cherry pick best one. Still feeling a lil defeated as it was a great effort with family to relay round to  produce a sizable pot for deposit, but 80k is just to far a reach. I feel blessed and lucky with that. So lottery it is 
  • AskAsk
    AskAsk Posts: 3,048
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
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    areia said:
    Takmon said:
    areia said:
    Well sadly can't raise 80 to 90 thousand for a deposit. Despite being fully able to afford it 😔 bank of offered 110 on a 200k house. Gutted. Mortgage would of been 750 pm.  Now having to look at rentals for 900 to 1000k a month
    Well if you can afford a rental at 900,000 to 1,000,000 a month then you must be able to afford to buy a place  ;)


    Lol sorry £900 per month. Agent has popped round today for measurements. House will be online next week. Hes changed his tune in regards to saying a buy to let buyer. Its all i can hope for. Its a landlords market at mo. We rang about 4 different places we were possibly interested in all pending with more than one applying and waiting on landlord. Well to cherry pick best one. Still feeling a lil defeated as it was a great effort with family to relay round to  produce a sizable pot for deposit, but 80k is just to far a reach. I feel blessed and lucky with that. So lottery it is 
    stick some money in the premium bonds  :)
  • Grumpy_chap
    Grumpy_chap Posts: 21,890
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
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    edited 23 August 2020 at 1:39PM
    I wonder how the OP is getting on?
    Has the landlord put the house on the market now?
    Will it be possible for a new landlord to buy with sitting tenants?

    OP may be interested in this thread about selling a property with current tenants who are asked to leave:
    https://forums.moneysavingexpert.com/discussion/6183108/buying-rented-property#latest
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