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Auction disaster advice
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Catonthemoon said:Is this property in the UK? I’d be interested to know where you can get a property (habitable), for £55k these days!
Regarding the rent, which, no doubt, you will clarify… achieving that level of rental income (£750 pm) from a property valued @ circa £55k is a hell of a return - it doesn’t seem to stack up!!You can up here in the north east, might have downsides (example: short leasehold, rougher area, very small, dated doer up etc...) but definitely 'habitable'. To be habitable it just has to be safe enough (no serious structal issues or rampant damp/mold etc...) and have a kitchen and bathroom.If your looking for say a 1 bed flat or a small 2/3 bed terrace in a less desirable area it would be pretty easy to fine. Just the first ones up on rightmove when I searched:ororor
theres many more, obviously can't post all.
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OP sounds like someone who needs in person advice from a solicitor.1
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^ This.MysteryMe said:OP sounds like someone who needs in person advice from a solicitor.This may be a scam, but the op may be locked in, with a binding contract. If so, he needs to face up to it.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Homes Under the Hammer viewers will be smilingLearn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning. Albert Einstein1
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I can hear Martin Roberts now "so you didn't read the legal pack or view the property??!!"HonestJohn said:Homes Under the Hammer viewers will be smilingMortgage: Was: £154,495 Oct 2039 Now: £82,340.34 May 2037Swagbucks ~ £155 (2024 ~ £395)Surveys ~ £148.39 (2024 ~ £280.14)Make £2025 in 2025 #5 ~ £964.62 ~ (2024 ~ £2,561.04)3
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