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Milkshock

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About Milkshock

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    London, N2

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  1. I've found that marketing through an agent rather than doing it yourself reduces the pool of potential tenants as well.
  2. Piss weak? With their 25%+ deposits - yeah right.
  3. Finchley is indeed in North London. And yes pretty much of all of it is very nice. I should know, I lived in East Finchley for 10 years. But I also own a flat in Hackney, Zone 2. And I know demand there is much higher than in East Finchley. That is not to say however that there is any justification on the part of the owner to want and be unable to get a taker for his or her flat in East Finchley (I assume it is East Finchley, as the only part of Finchley in Zone 3 is East Finchley) for 5 months. I said nothing at all about 'pricing it wrongly' - you have imputed that - and my own knowledge of the area tells me that the void will not have been down to lack of competitive pricing on the owners part.
  4. No you volunteered the information to me in an earlier argument about the merits or otherwise of Borehamwood.
  5. Your 'nice part of north london' is in fact zone 4 and whoever has left their flat empty for 6 months did so out of their own choice/ineptitude.
  6. Nevertheless its an extremely relevant point to make when the poster claims that 'owner occupiers are now held back from pumping up house prices'. Such low deposit requirements may suggest otherwise.
  7. Not entirely - BTL requires 25% deposit - OO's only 5-10%.
  8. Maybe you're right but remember the govt don't want the hassle of housing the people which is why BTL get so many breaks.
  9. Each house that does not sell also causes problems for potential purchasers for whom the issue of shortage of supply comes more sharply into focus as a result as they have to hold off buying - back to parents or continue/begin renting as a result for example.
  10. agreed its greedy OO's that are causing the blockage - not BTL.
  11. It stays flat when sellers try to sell at a certain price and then withdraw from the market when it cannot sell at that price rather than reducing it
  12. Yes I fit the bill as you describe almost to a tee and have just bought in Haggerston. Yield 8% and I'm happy with that.
  13. Yes sorry agreed needs to be 125% of monthly mortgage payment for BTL.
  14. 5.5x salary widely available. Any amount at all for BTL with 25% down.
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