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.Own house outright which has tenants
AL10
Posts: 2 Newbie
Hi, I own my house outright and have good tenants in paying roughly 680 a month with letting agent fees taken out. I also work as does my wife. We are both in our 60's. The house us not worth much 175,000 at the most.
We would like to purchase another property at a lower value abroad and run as a b&b fir 6 mths of the year whilst still working Inn the UK for the rest of the year.
What is the possibility of being able to get around £80,000 on our property taking into account our ages etc. We run our own business. Thanks for your help.
We would like to purchase another property at a lower value abroad and run as a b&b fir 6 mths of the year whilst still working Inn the UK for the rest of the year.
What is the possibility of being able to get around £80,000 on our property taking into account our ages etc. We run our own business. Thanks for your help.
0
Comments
-
As a mortgage; very unlikely.
As collateral against a business loan, possibly0 -
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards