Forum Replies Created
- Originally posted by Terryw:
Questions
How likely is the property to grow in the next few years.
Do they need the income now?
How will the income affect their pensions, if any
etc/* Property Growth i personally feel wont be until at least 3-5yrs. (The reason why they have lost money is because my dad has held onto it and didnt want to sell because he thought the market would keep going up, an obviously a losing deal you either need to cut your losses or adjust it into a profit).
As for the income well it would be great for them to free up some cash. Even if payed for the mortgage that would be better than now.
There sole motive is to sell the property now so i thought it would be a great way to make some income whilst waiting. (P.S if the buyers do decide to own it completely after the 25yrs then my parents would have earnt over 600k from the interest component.
Not bad eh