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Nothing shocking about this property, just a sort what on earth does this mean..
The property is occupied by life tenant who does not pay a monthly rent
This was the only place I could think to ask... I assume the person living there has to right to live there until they die, but why would the property be on sale and who would want to purchase the property?
http://www.rightmove.co.uk/property-for-sale/property-43208617.html
Haven't seen one of those in the UK before but they are frequently available on Rightmove from the French market. You buy the house at a reduced price and the person gets to stay in it. Then after a period of time you get it when they die. You pay them a fee for the house and often a monthly amount towards their pension hope they don't live until they are 120...
Here's an example from France:
http://www.rightmove.co.uk/overseas-property/property-43069105.htmlPlease stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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vivatifosi wrote: »Haven't seen one of those in the UK before but they are frequently available on Rightmove from the French market. You buy the house at a reduced price and the person gets to stay in it. Then after a period of time you get it when they die. You pay them a fee for the house and often a monthly amount towards their pension hope they don't live until they are 120...
Here's an example from France:
http://www.rightmove.co.uk/overseas-property/property-43069105.html
I wouldn't mind living in a house for free and having the owner pay me to live there!! where do I sign up?
Thank you, I've never heard of such a thingAspiring to be financially independent.... from my parents!0 -
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Nothing shocking about this property, just a sort what on earth does this mean..
The property is occupied by life tenant who does not pay a monthly rent
This was the only place I could think to ask... I assume the person living there has to right to live there until they die, but why would the property be on sale and who would want to purchase the property?
http://www.rightmove.co.uk/property-for-sale/property-43208617.html
The last property nearby sold for £185,000 so if you can buy this for £69,000 you get a profit of around £116,000 when the current occupier passes away.
I doubt you would get a mortgage on the house but if the owner has lived there long enough and owns it mortgage free then the cash could lead to a very happy old age for them.
Its a bit of a gamble though, they could get run over by a bus tomorrow or they could live for years0 -
This case. He obviously didn't expect the elderly woman (90) to live very much longer.
He died 30 years later still waiting for her to pop her clogs :rotfl:
http://en.wikipedia.org/wiki/Jeanne_Calmentvivatifosi wrote: »Haven't seen one of those in the UK before but they are frequently available on Rightmove from the French market. You buy the house at a reduced price and the person gets to stay in it. Then after a period of time you get it when they die. You pay them a fee for the house and often a monthly amount towards their pension hope they don't live until they are 120...
Here's an example from France:
http://www.rightmove.co.uk/overseas-property/property-43069105.html0 -
How cheap!!! I could "in theory" buy that and have a £200 a mth mortgage!!!
based on a 10k deposit and first direct mortgage calculator and 20 years!!!Aspiring to be financially independent.... from my parents!0 -
I've seen many things put into a fireplace..... But a fish tank has to be a first
Pic 2
http://www.rightmove.co.uk/property-for-sale/property-29446254.htmlAspiring to be financially independent.... from my parents!0 -
ScarletMarble wrote: »http://www.rightmove.co.uk/property-for-sale/property-41750293.html
Erm, what is the point of photo 6?
I quite like that house0 -
Looks good until you click on street view. Is practically under the motorway
http://www.rightmove.co.uk/property-for-sale/property-45067976.html0
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