Rich_ard
Member
He mebey didn't pay too much for his ground. 25 sheep ain't going to provide much of a living
Buy Land!!! NOW IS THE TIME?
- Thread starter Bossfarmer
- Start date
- Location
- Ballyclare Northern Ireland
Was a part time farmer all his life, good job, early retirement, good pension.
- Location
- Ballyclare Northern Ireland
It's good that you found out 16 years later
. All these years thinking the other party was a madman for paying a fortune for it when in reality if you had just went a wee bit more you would have had it..Don't see the attraction.
6k. It’s more like 10k in Cornwall
double that around me
glasshouse
Member
- Location
- lothians
The other guy wasnt a madman or a farmer, he was hiding money same as most buyers these daysIt's good that you found out 16 years later
Don't see the attraction.
glasshouse
Member
- Location
- lothians
Yes, if i had gone another million i would have had it.It's good that you found out 16 years later
Don't see the attraction.
Ho hum
- Location
- southern riverina Australia
Dunno about there... But here a lot of listing websites will have the property history . Only issue is the land registry sale price can be a bit of a farce as they use the stamp duty ratable price and not the actual physical price, unless it's reported through an estate agent
glasshouse
Member
- Location
- lothians
Your property agents websites dont even put an asking price on.
Its a bit like the monty python cheese shop sketch
“”No no, i am keen to guess””
glasshouse
Member
- Location
- lothians
Uk property is the least transparent in the world, in order to conceal the vast holdings of HRH and his hangers on aka duke of westminster etc.
- Location
- Lincolnshire
You pay stamp duty on the actual purchase price, and rightmove etc use that.
- Location
- southern riverina Australia
If the sale is private, only the rate able amount is reported by the land registry office. If it's through an agent it's the purchase price they report... Personal experience in this matter....And the rate able amount is determined by deducting non fixed assets and in our case entitlements to irrigation water.
glasshouse
Member
- Location
- lothians
Yes, southern hemisphere property seperates the bare land from the (tenants) improvements. Ie house, fences, drainage irrigation etc
Devil's advocate
Member
- Location
- Posh side of Barnsley
Wouldn't knock the product personally. In my case I was grateful for the option as I was recently self employed and cash flow was very very tight. I was able to self certify my income and choose interest only so my monthly payment was the absolute bare minimum. In the space of a few years my variable rate more than doubled so again I was glad I was on minimum payments. Ultimately much depends on what you buy, in my case it was a project property that because I did 100% of the reno personally meant I could sell after 10 years for 3 times what I paid for it, this was part of my rationale for going interest only. Obviously paying back the amount borrowed was therefore easy. Had I borrowed to the max and purchased say a brand new house which had no scope to add value, well things may not have been quite so rosey. Horses for courses.
glasshouse
Member
- Location
- lothians
Who still does self cert mortgages?
I believe AMC won't do 100% interest only now, and Oxbury too, both want to see something paid back
@midlandslad is that correct?
@midlandslad is that correct?
midlandslad
Member
- Location
- Midlands
Both Oxbury and AMC will do interest only
Jdunn55
Member
- Location
- Helston, cornwall
For how long a period?
Jdunn55
Member
- Location
- Helston, cornwall
What's it like in comparison to renting it? £300 acre for rents is what I keep seeing, if interest only is £350 and you have the privilege of it being yours so can do what you want with it?
