Originally posted by DimPrawn
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Me 'ouse is me pension
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I am what I drink, and I'm a bitter man -
Just wait until the 'renter' crunch comes as tenants out of work can no longer pay the rent. A plethora of landlords will go belly up.
December / January - a housing crash is coming. A beautiful crash. Best crash ever."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Compare and contrast Trump land
Pending Home Sales Notch Record-Setting 44.3% Monthly Increase in May | www.nar.realtor
I wish we had a great leader like this.Comment
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Originally posted by Old Greg View PostAre you using a contractor specialist broker?
I just had the initial 30 minutes call where some financial details were shared; the broker gave me a few names of lenders that historically are more "willing" to lend to contractors and that's about it.
He said the situation should be pretty safe because:
- it would be a joint mortgage (and my partner is in permanent employment)
- we're looking to borrow way less than we could afford to
- we've got a 15-20% deposit
- I'll have rental income from my current propertyComment
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Originally posted by scooterscot View PostJust wait until the 'renter' crunch comes as tenants out of work can no longer pay the rent. A plethora of landlords will go belly up.
December / January - a housing crash is coming. A beautiful crash. Best crash ever.Comment
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Originally posted by PCTNN View PostIt's either I buy something soon or I slash my neighbours' throats.Comment
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Originally posted by scooterscot View PostJust wait until the 'renter' crunch comes as tenants out of work can no longer pay the rent. A plethora of landlords will go belly up.
December / January - a housing crash is coming. A beautiful crash. Best crash ever.
Portfolios of rental properties starting to come on line. More about september time. One of my advertisers has just put 80 flats in the east midlands on the market.Former IPSE member
My WebsiteComment
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Originally posted by PCTNN View PostIt's either I buy something soon or I slash my neighbours' throats.
Why not rent a place pro tem?Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by PCTNN View PostI'm looking to buy a house pretty soon; I have done a virtual viewing already. My mortgage broker said there shouldn't be any issue as I'd have a deposit in the 15-20% region. Having said that, I don't even have an agreement in principle yet so everything is still in doubt. I'll let you know if banks give mortgages to contractors in these challenging times...…Maybe we ain’t that young anymoreComment
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