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Don't buy that bedsit above the kebab shop
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I hear they'd soon require 110% deposit on such properties before lending money.
sadguru - you have been warned.
Meanwhile I am planning to rent new place by the end of the month - one option is to get flat over trendy pizza shop - free delivery of pizzas guaranteed -
A bit of a non story. It is for norm for lenders not to lend for properties above take-away businesses. It only changed in the frenzy to lend to anyone for any property some years ago. When I got my first mortgage it was impossible to borrow money for any such properties included any converted flat (ie not purpose built) any property on a lease less than 50 years etc etc."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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