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Becoming a landlord for a short term

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  • theoretica
    theoretica Posts: 12,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    PledgeX2 said:
    dimbo61 said:
    Why are you making life complicated ?
    Because the chances of a house coming up for sale that I'd be willing to move to are very small.

    Selling my house now and having a buyer that is willing to wait for months, potentially years, for me to find the right house is very unlikely, hence me looking at alternatives to the traditional approach. 
    I have had similar thoughts about a hypothetical move - if I fell in love with a new, realistic house.  My plan would probably be to arrange an expensive finance offer, then try to sell my current property so fast I didn't need it... 
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
  • newsgroupmonkey_
    newsgroupmonkey_ Posts: 1,270 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Photogenic
    This lady was saying that she's currently £29,000 down. Not sure what the final cost including bailiffs will be.
    Plus the cost of repairing the house which will be in the tens of thousands.

    https://forums.moneysavingexpert.com/discussion/6424417/bailiffs-are-our-last-resort/p1

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