family and friends are interested in buying property to renovate and resell in this country, not sure of the legal issues. we are talking cash buying, not mortgage. although interested where we would stand with mortgages too... if anyone can help it would be greatly appreciated
2007-06-20 01:41:23 · 4 answers · asked by vaha 1 in Business & Finance ➔ Renting & Real Estate
Don;t ask here, you'll get people who think they know, but that won;t help if it comes to a legal dispute. You'll need to get proper legal advice for this sort of thing.
2007-06-20 01:48:21 · answer #1 · answered by Marky 6 · 0⤊ 0⤋
As a US citizen who has bought and sold in England, there are no restrictions. Had 2 mortgages as well and even rented one out for a while before selling it. Getting the first mortgage was a bit trying since I didn't have credit established in the UK at the time, but a copy of my US credit report solved that quickly and easily.
2007-06-20 01:46:45 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
no nationals are allowed to buy in this county but do not get the same tax allowances as nationals ie all transactions by non nationals attract stap duty
2007-06-20 01:45:27 · answer #3 · answered by davetumalty 4 · 0⤊ 0⤋
Doesn't seem to be a problem.
2007-06-20 01:46:14 · answer #4 · answered by Del Piero 10 7 · 0⤊ 0⤋