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Hate the house I just bought
peterjoo posted a topic in Newbie Advice & SupportHello, I just bought a house and it is next to a busy junction. I hate it as there is a constant traffic noise, reversing on the busy road is very difficult, people visiting can not park on the road as there is no on-street parking being next to junction. I spoke with my lender and I can not sell the house for 6 months. I don't even want to live there. I paid a lot of money in stamp duty. I am not sure what to do. Could you suggest some advice, please? I bought a house where I can not even live and it is just going to eat a lot in my mortgage repayment. I can't sell the house for 6 months and not sure if I will get the buyer paying same or more money to cover price paid and stamp duty. The house is old and has all old systems I want to get a couple of lodgers but in this state no one will rent it as well. If I spend some money on this then this is another waste of money on something I don't want it. Could you please suggest how can I get out of this situation and prevent any loss?
Sam_N_Kirsti posted a topic in General property discussionHello all! Unfortunately Kirsti and I have been put in a situation which could be a good starting point for us or a risky time. Kirsti has been made redundant at work and we've been looking how to start our property journey properly. So we were wondering do I pack up my job on the south coast and sell my house (80-90k equity) and just dive straight in move further up north as we're not bothered where we live buy a house outright do it up to the remortgage and rent out and then continue like that until we have enough money coming in to get our own mortgage to live somewhere else while doing up houses. Or does anyone else have any suggestions? Many thanks in advance Sam and Kirsti
I’m looking for some advice specifically from Property Lawyers/Experts/Investors to understand how I can structure/package potential deals.Could anyone with correct skillset drop me a messageThanks