Jump to content
House Price Crash Forum
MRSB

What To Offer

Recommended Posts

Good morning.

MRB and I STR'd over a year ago and have been happily renting ever since. Currently our landlord seems to be attempting to sell his entire portfolio - can't think why!!

Anyway, to cut a long story short we are going to view an aternative property today,,back in the village we moved out of a year ago....the asking rental is £2235 pcm....It's a 4 bed, 2 bath, detached, reasonable garden, double garaged on the river, nice location etc etc....

Obviously, if we like it, we have NO intention of offering this sort of money, however I'm interested to know your opinions as to what we should offer...we are looking to rent for at least another year - in which time we'll be trying to decide where to live in the UK or whether to leave the country altogether..

We could pay the whole year or half year up front as an incentive to the LL..but I know this leaves us open to trouble.....your thoughts/ideas etc would be welcome.

Thanks

MRS B

Share this post


Link to post
Share on other sites
Good morning.

MRB and I STR'd over a year ago and have been happily renting ever since.  Currently our landlord seems to be attempting to sell his entire portfolio  - can't think why!!

Anyway, to cut a long story short we are going to view an aternative property today,,back in the village we moved out of a year ago....the asking rental is £2235 pcm....It's a 4 bed, 2 bath, detached, reasonable garden, double garaged on the river, nice location etc etc....

Obviously, if we like it, we have NO intention of offering this sort of money, however I'm interested to know your opinions as to what we should offer...we are looking to rent for at least another year - in which time we'll be trying to decide where to live in the UK or whether to leave the country altogether..

We could pay the whole year or half year up front as an incentive to the LL..but I know this leaves us open to trouble.....your thoughts/ideas etc would be welcome.

Thanks

MRS B

Don't offer more than you can afford and are comfortable to pay. Your better off finding another house than living in a beautiful house that leaves you with 100 quid a week to to feed a clothe a family of four. If money is no object work out what you think the property is worth on sale value and then go for 5-8% divided by 12 and see what they say!!!

Share this post


Link to post
Share on other sites
Don't offer more than you can afford and are comfortable to pay.  Your better off finding another house than living in a beautiful house that leaves you with 100 quid a week to to feed a clothe a family of four.  If money is no object work out what you think the property is worth on sale value and then go for 5-8% divided by 12 and see what they say!!!

Thanks for the practical advice Elizabeth. As it happens, the house was suitable for our requirements and we offered £1700. The Landlord turned it down on the basis that he could get "at least" £2k a month....property still available. We are now in negotiation over a second rental property and are only offering what we are prepared to pay, based on the rent we pay for our current property.

Share this post


Link to post
Share on other sites

Hello Mrs B,

we rent the same sort of house in a good area. Your description sounds exactly like 'ours', except the garden, which is large in our case.

The house is in fantastic order, no BTL place, and had been on the market for perhaps six weeks.

The asking price was £ 1500, we offered -20%, i.e. £ 1200 /month for six months up front and suggested an option for another half year (same conditions). The offer was accepted within 2 hours.

If they turn down your offer now, wait and see what they are prepared to do in a few weeks time.

sceptic

Share this post


Link to post
Share on other sites
Good morning.

MRB and I STR'd over a year ago and have been happily renting ever since.  Currently our landlord seems to be attempting to sell his entire portfolio  - can't think why!!

Anyway, to cut a long story short we are going to view an aternative property today,,back in the village we moved out of a year ago....the asking rental is £2235 pcm....It's a 4 bed, 2 bath, detached, reasonable garden, double garaged on the river, nice location etc etc....

Obviously, if we like it, we have NO intention of offering this sort of money, however I'm interested to know your opinions as to what we should offer...we are looking to rent for at least another year - in which time we'll be trying to decide where to live in the UK or whether to leave the country altogether..

We could pay the whole year or half year up front as an incentive to the LL..but I know this leaves us open to trouble.....your thoughts/ideas etc would be welcome.

Thanks

MRS B

You earn a serious whack to be looking at stuff like that.

The guideline for rental / mortgage cost is no-more than 25% of net pay.

If you take home 8 grand a month then I would suggest you are wasting your life renting. With that kind of cash you could live practically anywhere without caring about a few grand savings on house prices over 5 years.

Share this post


Link to post
Share on other sites
You earn a serious whack to be looking at stuff like that.

The guideline for rental / mortgage cost is no-more than 25% of net pay.

If you take home 8 grand a month then I would suggest you are wasting your life renting. With that kind of cash you could live practically anywhere without caring about a few grand savings on house prices over 5 years.

Losing Faith,

while agreeing with you on the guideline for cost reasonable cost of housing, I think you should revise the other half of your post.

People telling people telling other people they are 'wasting their lives' renting, i.e. the national obsession with property ownership has caused this insane bubble in the first place.

sceptic

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.