Julie Brant

Registered with Property118.com
Tuesday 26th November 2013

Latest Comments

Total Number of Property118 Comments: 2

Julie Brant

22:27 PM, 28th November 2013, About 8 years ago

To sell or not to sell?

Reply to the comment left by "Mark Alexander" at "28/11/2013 - 15:26":

Hi Mark and Ian

Bank of England are going to put rates up slowly. I keep my eye on Bank of England like a hawk lol. So Dans mortgage is more than the house is worth his repayments will be sky high when they put the rates up :(.

His mortgage is higher than his rent, and he pays high maintenance + fees costs a year.

And the council does not pay more than a private let they pay less. But they guarantee a 2 to 5 year let and paid in advance. This is only good when you have a good rent much more than your mortgage.

I really feel for this guy and I would say sell. Cut your losses.

Always happy to help

J... Read More

Julie Brant

14:48 PM, 28th November 2013, About 8 years ago

To sell or not to sell?

Hi Dan

I am a landlord. You say you owe 130,000 mortgage and you are selling at 103,000.

You are also running at a loss every year? Is this right??

Reason being you are paying out more a month on mortgage and other costs plus you pay a large amount a year in maintenance. Unless you can put your rent up??

I would ring my solicitor and find out why contracts have not exchanged? Keep on asking!

I would sell if the buyer will buy.

You could wait for the property to go up but that will take time. Can you afford to keep paying at a loss?

It is up to you but I would sell.

If you keep it you will keep paying out and in the end loose 20-30,000 anyway you have lost 5,000 already in 6 months is that right too?

Its awful and I feel for you!

Also if you carry on and if you have a interest mortgage the bank of England are saying the rate may go up.

Please let me know if you need anymore advice.

Julie... Read More