Originally posted by NickFitz
View Post
The "price" of the place I am renting is around £250k ish.
The rent is £750.
The service charges (that the landlord has to pay) are £1800 a year.
So £9000 a year they have £7200 left after the service charges.
Even at 5% they are going to be paying £12,500 a year in lost interest/mortgage payments.
They they are funing me to live there by at least £5300.
Now in the past that didn't matter due to the capital appreciation. Another flat in here sold for less in 2006 than it did in 2003. Heaven knows what they are worth now.
Comment