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A different kind of renting dilemma
pipo
Posts: 80 Forumite
I was wondering if anyone could provide their tuppence worth over a dilemma I am having. I am due to move in with my GF in the summer, in Bristol. She lives with her parents in Devon at the moment, and I live in Reading, having initially relocated because of my job but now am being allowed to be home-based. My tenancy ends mid-June and we’ve now started the flat-hunting process (renting), which has been a strenuous exercise.
We have found a great place to potentially move in (and I know this because a mate is vacating the place having found somewhere to buy), and it’s cheap for the area @ £695 pcm (most properties of the same ilk are around £750) and it’s also on a low Council Tax Band (equivalent to £115 pcm for 10 months). “What’s the problem?” I hear you cry. Well, it’s the fact that the landlord wants us to move in almost immediately after all the refurb has been done (no later than 10 May), which means that if we did get it I’d be paying 2x rent and council tax for one month.
The thing is, having seen lots of properties around the area, this one represents excellent value for money. The landlord is great according to my mate, and it means we won’t have to pay exorbitant agency fees like we would if we were to leave it til I have to move out. Not to mention of course eliminating the stress from going out to see more properties.
If anyone can justify one way or another what I should do using numbers and figures I would be extremely grateful. Have to say I’m very tempted to just go for this property but unsure whether it is financially the right thing to do.
My take home is £1677 net monthly and my gf is on £20K p/a if that helps.
We have found a great place to potentially move in (and I know this because a mate is vacating the place having found somewhere to buy), and it’s cheap for the area @ £695 pcm (most properties of the same ilk are around £750) and it’s also on a low Council Tax Band (equivalent to £115 pcm for 10 months). “What’s the problem?” I hear you cry. Well, it’s the fact that the landlord wants us to move in almost immediately after all the refurb has been done (no later than 10 May), which means that if we did get it I’d be paying 2x rent and council tax for one month.
The thing is, having seen lots of properties around the area, this one represents excellent value for money. The landlord is great according to my mate, and it means we won’t have to pay exorbitant agency fees like we would if we were to leave it til I have to move out. Not to mention of course eliminating the stress from going out to see more properties.
If anyone can justify one way or another what I should do using numbers and figures I would be extremely grateful. Have to say I’m very tempted to just go for this property but unsure whether it is financially the right thing to do.
My take home is £1677 net monthly and my gf is on £20K p/a if that helps.
Knowledge is knowing that tomato is a fruit.
Wisdom is knowing not to put it in a fruit salad. :doh:
Wisdom is knowing not to put it in a fruit salad. :doh:
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Comments
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Can you not end your tenancy early.... or will you loose your deposit ?You know your getting old when yougo to the pub sit outsideand admire the hanging basket :cool:
Is officially 48% tight
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bargainbird wrote: »Can you not end your tenancy early.... or will you loose your deposit ?
No, unfortunately the earliest i can end it without having to pay out one way or another is 12 June. In any case, my work reluctantly agreed for me to be field-based, and have arranged to do it in June at the earliest.
Knowledge is knowing that tomato is a fruit.
Wisdom is knowing not to put it in a fruit salad. :doh:0 -
Could you arrange a compromise with the Landlord and split it in the middle? It's only a couple of weeks.
Most landlords will compromise if they need to. A bird in the hand and all that! Put yourself as a good quality tenant and I suspect they will wait.Everything that is supposed to be in heaven is already here on earth.
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I was wondering if anyone could provide their tuppence worth over a dilemma I am having. I am due to move in with my GF in the summer, in Bristol. She lives with her parents in Devon at the moment, and I live in Reading, having initially relocated because of my job but now am being allowed to be home-based. My tenancy ends mid-June and we’ve now started the flat-hunting process (renting), which has been a strenuous exercise.
We have found a great place to potentially move in (and I know this because a mate is vacating the place having found somewhere to buy), and it’s cheap for the area @ £695 pcm (most properties of the same ilk are around £750) and it’s also on a low Council Tax Band (equivalent to £115 pcm for 10 months). “What’s the problem?” I hear you cry. Well, it’s the fact that the landlord wants us to move in almost immediately after all the refurb has been done (no later than 10 May), which means that if we did get it I’d be paying 2x rent and council tax for one month.
The thing is, having seen lots of properties around the area, this one represents excellent value for money. The landlord is great according to my mate, and it means we won’t have to pay exorbitant agency fees like we would if we were to leave it til I have to move out. Not to mention of course eliminating the stress from going out to see more properties.
If anyone can justify one way or another what I should do using numbers and figures I would be extremely grateful. Have to say I’m very tempted to just go for this property but unsure whether it is financially the right thing to do.
My take home is £1677 net monthly and my gf is on £20K p/a if that helps.
If you don't move your stuff in so it's vacant you can rebate the council tax I think0 -
Doozer - tbh it was my gf that was in direct contact, and she seemed adamant that the landlord won't budge past 10 May, and that they have other people interested, etc etc but I may try and do that.
barnaby-bear - can i get guidance on this anywhere on the net?Knowledge is knowing that tomato is a fruit.
Wisdom is knowing not to put it in a fruit salad. :doh:0 -
Doozer - tbh it was my gf that was in direct contact, and she seemed adamant that the landlord won't budge past 10 May, and that they have other people interested, etc etc but I may try and do that.
barnaby-bear - can i get guidance on this anywhere on the net?
Google
http://www.n-somerset.gov.uk/Your+Council/Council+tax/Relief/counciltaxexemptproperties.htm
Class C is what I used in a similar situation...0 -
Doozer - tbh it was my gf that was in direct contact, and she seemed adamant that the landlord won't budge past 10 May, and that they have other people interested, etc etc but I may try and do that.
barnaby-bear - can i get guidance on this anywhere on the net?
Don't I get a thank you....
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If the rent is that reasonable, then you will save over the longer term even if you do have to double up rent for one month.
Plus you can move your stuff in slowly ad give yourself longer to tidy up and clean your old place.
I would take it personally, especially since your mate seems to think their landlord was good, which is another bonusSee the stars they’re shining brightEverything’s alright tonight0 -
why does he think he is a great landlord ? rushing into a new tenancy - mmmm ?? has he given you a copy of the tenancy agreement to read ahead of time ? is the LL going to take up references ? credit checks ? which deposit scheme is he using ?0
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why does he think he is a great landlord ? rushing into a new tenancy - mmmm ?? has he given you a copy of the tenancy agreement to read ahead of time ? is the LL going to take up references ? credit checks ? which deposit scheme is he using ?
LL will perform credit checks and collect references as normal. They have a sort-of property empire in Bristol so whilst i don't know what deposit scheme they use the fact that they have a great deal of experience fills me with enough confidence.
My mate thinks the LL is great as she's not put up the rent in the 18 months that they'd lived there. Always straight in whenever there was anything that needed doing and no un-announced visits etc.Knowledge is knowing that tomato is a fruit.
Wisdom is knowing not to put it in a fruit salad. :doh:0
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