Re: Delicate path to tread
Posted: July 11th, 2018, 12:29 am
GS, Thanks for those two answers, much appreciated. I agree that taking two years off with your kids to travel is pretty fantastic which will stand them in good stead in the years to come. I wish I could have done that and its best when we are younger than old imho..
I suppose you could have bought and then let it for a couple of years but it can be a minefield as we see here..I have read just recently that tenants are going to get more rights with longer rental agreements which may or may not suit of course. Will you continue to rent or have a change of mind as possibly that could feel more secure, stop LL putting up rents and generally another appreciating asset to pass on? I tend to agree that house prices are very high and wonder how long that can go on? How about moving somewhere cheaper? Scotland perhaps?
Has the electricity been sorted now? They would have to do that in order to sell it as think that is part of the declaration that must be made in the sale documentation? ie part of the survey?
Best wishes and hope everything turns out and reading your many posts on here, I suspect it will...
Mike
I suppose you could have bought and then let it for a couple of years but it can be a minefield as we see here..I have read just recently that tenants are going to get more rights with longer rental agreements which may or may not suit of course. Will you continue to rent or have a change of mind as possibly that could feel more secure, stop LL putting up rents and generally another appreciating asset to pass on? I tend to agree that house prices are very high and wonder how long that can go on? How about moving somewhere cheaper? Scotland perhaps?
Has the electricity been sorted now? They would have to do that in order to sell it as think that is part of the declaration that must be made in the sale documentation? ie part of the survey?
Best wishes and hope everything turns out and reading your many posts on here, I suspect it will...
Mike