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Selling house and buying quick maths question
Comments
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Do you want to bet it won’t get on their website? Anything that attracts traffic.MultiFuelBurner said:
You silly billy for the drama £180k into £380k shocker let's get the daily mail involved lolGDB2222 said:
No, I had the maths right. The op was forecasting £380k value after renovation using the £72k he thought was left over from the £270k purchase. Whether he can actually add more value than the cost of renovating is another question.MultiFuelBurner said:GDB2222 said:To be fair to the op, he realised something must be wrong with his maths, which is why he asked the question.
It is pretty obvious that you can’t switch a £180k house into a £380k house just by increasing the mortgage by £100k.
Now you have the maths wrong it's a £270k house..easily done we have miscalculated ourselves on house and mortgages and porting and equity.GDB2222 said:To be fair to the op, he realised something must be wrong with his maths, which is why he asked the question.
It is pretty obvious that you can’t switch a £180k house into a £380k house just by increasing the mortgage by £100k.
I think the £380k.came from projected price after renovation.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Lol that is sadly very true 🤣🤣GDB2222 said:
Do you want to bet it won’t get on their website? Anything that attracts traffic.MultiFuelBurner said:
You silly billy for the drama £180k into £380k shocker let's get the daily mail involved lolGDB2222 said:
No, I had the maths right. The op was forecasting £380k value after renovation using the £72k he thought was left over from the £270k purchase. Whether he can actually add more value than the cost of renovating is another question.MultiFuelBurner said:GDB2222 said:To be fair to the op, he realised something must be wrong with his maths, which is why he asked the question.
It is pretty obvious that you can’t switch a £180k house into a £380k house just by increasing the mortgage by £100k.
Now you have the maths wrong it's a £270k house..easily done we have miscalculated ourselves on house and mortgages and porting and equity.GDB2222 said:To be fair to the op, he realised something must be wrong with his maths, which is why he asked the question.
It is pretty obvious that you can’t switch a £180k house into a £380k house just by increasing the mortgage by £100k.
I think the £380k.came from projected price after renovation.
The boys are watching👀👀1
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