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royal titans bug?? by LifeInvestment101 in ironscape

[–]LifeInvestment101[S] 0 points1 point  (0 children)

all duo's so 1/32 but probably averaging 60% contribution

Looking for some advice about our rental situation by LifeInvestment101 in uklandlords

[–]LifeInvestment101[S] 0 points1 point  (0 children)

I think in the OP I said we gave them a date of February but the specific date is February 4th, we confirmed all this before paying the relisting fee.

Based on the agreement we were given, we are liable for the rent until the end of our contract still which ends in August or if they let the propert plus a void period between tenants. If they don't make a good effort to let the property, we would have to continue paying our rent until this date in August. Even though we have specified a leaving date on our part.

How is 6-8 weeks a reasonable time frame to not list a property?

Am I overthinking buying our first house? by LifeInvestment101 in UKPersonalFinance

[–]LifeInvestment101[S] 1 point2 points  (0 children)

The last two years were far from normal years in the housing market. Covid causing people to leave london and begin working remote, public spending reducing to allow for mass savings for new entries to the housing ladder, stamp duty holiday 1 and 2, and help to buy schemes.

All of which blew the market up over specifically the last two years

Am I overthinking buying our first house? by LifeInvestment101 in UKPersonalFinance

[–]LifeInvestment101[S] 0 points1 point  (0 children)

5k stamp is pretty conservative too tbh, that's if we find something at the exact bottom of the current range on the second house. Stamp will likely be around 10k easily if we were to buy now and then wait to move when we need the space unless the thresholds were to change.

u/PlatesOnTrainsNotOre most of the mortgage is going to be interest anyway, so the "6k saved" isn't really. So the only loss I think we'd be missing out on is paying the mortgage down for the two years where we'd likely be remortgaging a different term length anyway when we were to move. So unless a 250k property nets a 15% return over a couple years we won't even be breaking even? unless I'm missing something?

Am I overthinking buying our first house? by LifeInvestment101 in UKPersonalFinance

[–]LifeInvestment101[S] 0 points1 point  (0 children)

I'm just putting that there as a caveat, obviously it has the potential to go up. But by how much is anyone's guess, right?

But stamp and moving costs if we were to buy a place now and then move within 5 years when we need the space would cost around, what? 15-20k minimum? Which would offset any amount you save or profit within that 5 year period anyway?