18:11 PM, 5th March 2014, About 8 years ago 7
I want to sell one of my BTL properties, it is a very small studio flat on the outskirts of Uxbridge.
Unless things have changed it maybe difficult to mortgage as it is only 26 square metres and lending criteria was a minimum of 30 sq metres last time I looked into it.
The tenant is moving out in a couple of weeks.
It would sell for about £115,000 and would rent at £650 a month to a private tenant or £733 a month to a tenant claiming benefits. This is because the local council pays the same for a studio as a 1 bed flat.
If you were me, would you:
All suggestions greatly appreciated.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Previous ArticleAST Clauses, Holding Deposits and Affordability Checks
Next ArticleGuest Article from Rob Moore of Progressive Property
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|