Hectors House Posted September 11, 2013 Report Share Posted September 11, 2013 http://www.rightmove.co.uk/property-for-sale/property-37827880.html3 bedroom end of terrace house for sale £51,000 Ashgate Road, Hucknall, Nottingham, NG15 An outstanding and unique investment opportunity available at significantly below market value. Occupied by life tenant. No income. Significant capital gain opportunity. Cunning plan to pay someones mortgage off? Quote Link to post Share on other sites
Hectors House Posted September 11, 2013 Author Report Share Posted September 11, 2013 and another! http://www.rightmove.co.uk/property-for-sale/property-37827577.html Quote Link to post Share on other sites
quinnbear Posted September 11, 2013 Report Share Posted September 11, 2013 Cunning plan to pay someones mortgage off? What the hell is a 'life tenant'? IS there such a contract? Even council places are not 'for life' anymore (no more passing them down the generations, and likely to be income checked in the future). Very strange... Quote Link to post Share on other sites
sexton Posted September 11, 2013 Report Share Posted September 11, 2013 What the hell is a 'life tenant'? IS there such a contract? Even council places are not 'for life' anymore (no more passing them down the generations, and likely to be income checked in the future). Very strange... Common in France. "nue-propriété - reversionary interest where the purchaser has no occupational rights over the property until the death or prior surrender of the life tenant" Quote Link to post Share on other sites
GinAndPlatonic Posted September 11, 2013 Report Share Posted September 11, 2013 Im` guessing the person living there has a watertight contract for the buyer to sign...and wants to live there till they move or die. Quote Link to post Share on other sites
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