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My Apartment – I Have Saved Enough to Buy It from My Landlord!

26 Jan

Today is a really good day. Four months ago my landlord told me that they would be putting my apartment up for sale. It was looking very likely that I would have to move out. I have lived here for fifteen years and I really feel like I have made the place my own. I have a decent office job ( I am the manager) and I also have a good relationship with my Land Lord. I asked him how much he was putting the apartment up for sale for so I could attempt to buy it myself. This would save us both lots of annoying grief. It was at that point I contacted my Mortgage Broker who advised me that if I cut back on some other spending I would be able to afford the mortgage. I think its funny as the mortgage will only be slightly higher than the rent I was paying. I exchange contracts next month after my offer being accepted today five thousand pounds below the asking price, as this means my landlord won’t need to do any work to exchange. As effectively the same person will be living in the property,

 
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Posted in Loans/Mortgages

 

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