I’ve just had someone offer to buy my house that I don’t live in (I live abroad) and can’t rent out. they’ve offered £125K (I could probably get £128K if I haggled) the only thing is that since buying the house in 2003 I’ve spent £42K in mortgage payments and still owe £98K. I would therefore loose £12K. I’m coming back the UK in July but not likely to live in my house because my job will take me to another part of the UK. I live in rent free job related accommodation.
The gamble is whether I’m better off to sell or come out of the market and just save (mortgage payments are £8K a year) The house is advertised to be rented at the moment but there are no tenants about. I’ve just completely redecorated – new bathroom kitchen, carpets, etc.
What should I do? sell or keep?

Ive finally had enough, my heroin addicted and dealing tennants who owed me over £2500 in rent stole my speedboat out of the back garden and sold it. So last saturday i rounded up a few friends and went round the house i was renting them, let myself in, ( no one in ) chucked all their stuff out in the garden ( covered it up with a tarpolin) and changed the locks. Phoned him up and told him what the score was and he threatened to do me and fire bomb the house if all the stuff was not back in the house. Obviously i told him to fuck off and get his stuff off my property. Its now Tuesday and Ive heard nothing from him or her, they havnt even checked any of their stuff in the garden. Where do you recon i stand legaly and what do you recon is on their minds , is it the calm before the storm or are they just getting smacked outa their minds ??
I did serve them a section 21 letter which expired in mid august and they still didnt leave….
Top answers Jude n Angler, very much my way of thinking
and badas

We’d really like to sell both and buy our 1st home together. However, one has negative equity (approx 10k) due to recent recession and the other has approx 25k equity. We were both made redundant last year and consequently had some arrears on our mortgages but they were quite low and we’ve almost caught back up now. So… how would we stand if we were to sell one house but keep the one with neg equity and maybe rent it out? Would we be able to get a joint mortgage together if the house had a tenant? We don’t earn fantastic salaries but could certainly afford a house together. Any help, advise or pointers would be appreciated… Thanks

Nine years ago my partner and i bought a house together in joint names. He was unable to sell his house so he rented it out for 2 years till it sold. In the meantime, he asked his mother to lend him the shortfall but she gave it to him saying it would save him waiting until she died for his inheritance. To cut a long story short, she lived with us for 5 years until he died. Two years after that, i was taken ill and was unable to care for her (she was 96 and i’m disabled) so she went into care. i was told by social services that since i wasn’t a relative she was nothing to do with me and arrangements were made for her to go live with her granddaughter near London. i found out yesterday that she didn’t go.

This weekend, i received a letter from the local court saying that proceedings are underway and that i have to attend in 3 weeks as she wants her money back and an interest in the house plus rent. It’s been 3 1/2 years since he died.

Please can anyone tell me what to do?

Next July in 2010 i want to drive around Europe for a month. Im saving up thinking of getting a Seat Alhambra or a Ford Galaxy, something bigish but not to big and luggish and with a good bit of speed in them.
However, i cant decide if it would be cheaper for me to buy a second hand one, use it and sell it again when i get back OR just rent one from a company. I wondered if you guys could give me youyr opinion or atleast a link to something which might help me decide!

Im also quite worried about driving on the right side of the road in a right hand drive vehicle. Does this make a huge different to driving? Is it worth renting or buying a car from France just for to have it the right way round?

Any help is appreciated. ta