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Bella Rotti
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Thank you so much for your views. Yes, I think I should be more cautious.
From:
Bella Rotti
27 April 2020 22:46 PM
We bought two new built properties in Aylesbury, one 3-bedroom detached and the other 2-bedroom semi. Two buy-to-let interest only mortgages have been agreed by the lender and the LTV is 60%. Two weeks after we submitted the internal decor choice form, the lock down started, so the builder had to suspend the building work. We haven't exchanged contract yet, so might be a bit luckier than the cases described in the above article. The housing market statistics shows all properties, both new and second-hand, had prices down between 10% and 15% after 2008 financial crisis, so I wonder this Covid-19 crisis may cause even a bigger price drop? Our solicitor is chasing for our decision as to the purchase. I'd be grateful if you could share your views about this. Maybe I should just cancel these two purchases. At least losing a few thousand (lender valuation fees plus solicitors' fees, etc) is better than losing £30K in a year? Thank you.
From:
Bella Rotti
27 April 2020 11:39 AM
Richard Murphy is a chartered accountant. Is he willing to work for free for three months? Not to receive any salary from his employer or any payment from his clients so as to "ease the stress upon them whilst this crisis lasts"?
From:
Bella Rotti
19 March 2020 16:41 PM
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Bella's Recent Activity
From: Bella Rotti
27 April 2020 22:46 PM
From: Bella Rotti
27 April 2020 11:39 AM
From: Bella Rotti
19 March 2020 16:41 PM