Groups

    mortgages for first time buyer!!!

    Banned
    Dont really no much about these but looking at buying a house to rent out as i still live at home and cud easily afford one

    9 Comments

    I'll be the 1st...why dont YOU move out..any reason? Just curious hun x

    Cos cushty staying at home maybe?

    A lot of people seem to be talking of buying to let.

    Banned

    get a one account mate. that's what i'm going for.

    Original Poster Banned

    i dont pay anything and i have my room is downstairs with own toilet and bathroom
    plus i stay at my OHs most of the time as her mum works away!
    Also my mum isnt to well and i have a 5 year old sister and dad works 4 on 4 off

    Original Poster Banned

    bykergrove;5128968

    get a one account mate. that's what i'm going for.



    Whats one of these

    bykergrove;5128968

    get a one account mate. that's what i'm going for.



    are You imranmaz?

    Original Poster Banned

    whats that all about

    Banned

    In many European countries, children stay living with their parents until they are married etc. Sounds like you've got a pretty cool setup there, great way to beat the recession!

    Loads of advice online, but as I understand it, you will need a deposit, probably 25% minimum and for Buy to let you have research and show your rent will get back 150% repayment amount minimum.
    ie mortgage is 400 per month so rent of property would have to be 600 minimum, maybe more depending on lender.
    Post a comment
    Avatar
    @
      Text
      Top Discussions
      1. I have 2 spare netflix slots and a spotify share.513
      2. One for the mathmeticians2539
      3. Cat Chat77744
      4. I want to talk about the WEATHER no politics no religion19047177

      See more discussions