We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Buying a second home - advice please :)
Comments
-
The one I was comparing is a 3 bedder, by the way.No reliance should be placed on the above! Absolutely none, do you hear?1
-
I have been staying holiday accommodation down there for the last 8 years and in high season Iv always paid in excess of £1k per week. Yes admittedly the last 2 years the prices have risen (by around £200 - £300 per week in high season for the smaller cottages but the area has seen a drastic change too and has become more popular so that’s probably a factor too.GDB2222 said:It’s odd that there’s such a difference in the letting rates, compared to N Norfolk. In some parts of the country, the rates went through the roof during the pandemic. I’m not sure they won’t come back down again. I made enquiries about the rates that applied a couple of years ago, and I suggest you do likewise.I agree that, if you can rely on £25k plus in income, it’s a no brainer. The problem is if that drops right off it’s no skin off the agent's nose.I think to break even I’d probably need around £16k - £18k a year rental income gross which is extremely doable.1 -
Are you planning to use the place during periods when it is unlet?No reliance should be placed on the above! Absolutely none, do you hear?1
-
Yeh but only for around 4-6 weeks per year. Most agents set a limit anyway I believe to prevent you fro using it - think it’s around 4 weeks between March - September and then unlimited in the winter months.GDB2222 said:Are you planning to use the place during periods when it is unlet?1 -
Update:
Placed a deposit down to reserve a plot on the development.
Developer says I will be looking at possibly exchange in June 2023 with completion in September 2023 so a long way off.
Would I need to arrange a solicitor now or near the time of exchange?
Thanks again
2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards