Silver lining to property market slump
Silver lining to property market slump
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Discussion

Brown and Boris

Original Poster:

11,838 posts

265 months

Friday 12th September 2008
quotequote all

Joiner working at the house has just been to see his solicitor over his divorce. Looks like he is having to sell his house to pay off the ex.


But, his solicitors advised him to get it valued, knowing it won't sell quickly in the current market so that as prices fall he stands a chance of buying the ex out of her share and staying in the house at the new valuation.

Every cloud..

minimax

11,985 posts

286 months

Friday 12th September 2008
quotequote all
the other cloud is that yields on BTL's have improved in percentage terms.. so they're looking like reasonable long termers again biggrin