the rent is £64 weekly or i could get a mortgage what would you do i have lived in my councilhouse for 10 years
2007-03-22 23:55:46 · 21 answers · asked by leanne j 1 in Business & Finance ➔ Renting & Real Estate
thankyou for the replies so far the house was valued at £80.000 and i could buy for £54.000 would you buy it!
2007-03-23 00:37:07 · update #1
Buy it!!!! Quick!!
2007-03-22 23:58:04 · answer #1 · answered by Dogsbody 5 · 0⤊ 0⤋
Hi. We bought our house from the council. The mortgage costs were the same as paying rent. When we sold the house 6 years later we had enough money to pay off the mortgage, buy another smaller house in a cheaper area, and bank some profit.
We now live rent and mortgage free. Best thing we ever did was buy our council house.
2007-03-23 00:00:41 · answer #2 · answered by bluebadger 3 · 0⤊ 0⤋
Buy it, i wish our borough still gave us the option to buy!!
The only security with a council house and that you don't have to worry about repairs as it's met by the local authority, but then it's yours to sell and move to wherever you want!!
2007-03-23 00:04:02 · answer #3 · answered by untanuta 5 · 0⤊ 0⤋
No - if you can afford to buy a house - buy another one and let someone more needy have the one you are in - after all that is the reason we have council houses no?
2007-03-23 00:05:01 · answer #4 · answered by Lord Onion 4 · 0⤊ 1⤋
What would the council house be valuated at if they put it on an open market ? If its £80K+ you should consider buying it at a discount imo - but take professional advice.
2007-03-22 23:59:39 · answer #5 · answered by Narky 5 · 0⤊ 0⤋
Buy it, you will have no rent to pay once you pay off your mortgage and you will have a property worth much more than £54k
2007-03-23 00:05:39 · answer #6 · answered by Mark J 5 · 0⤊ 0⤋
WHERE, are you living to buy a house for that money.? Most people can't buy a flat at that price.?
2007-03-23 00:07:34 · answer #7 · answered by David 4 · 0⤊ 0⤋
Or you can invest in some cheap property in the usa for half that price and become a landlord.
2007-03-22 23:59:52 · answer #8 · answered by Anonymous · 0⤊ 0⤋
only a fool would not take the opportunity to buy after all you would have made thousands straight away
2007-03-25 07:43:56 · answer #9 · answered by Anonymous · 0⤊ 0⤋
BUY IT! get on the property ladder, god i wish i could have brought my house for 54K!
2007-03-23 00:00:05 · answer #10 · answered by Keira 4 · 0⤊ 0⤋
buy it if you can afford all the additinal expense that comes with a house repairs etc
2007-03-22 23:59:36 · answer #11 · answered by lindsey 5 · 0⤊ 0⤋