supposed to be off in January, sponsored visas etc permitting. Got a question on my house.
I'll be putting it on the market soon. It's in liverpool. Houses in my street tend to take a few motnhs to shift. Has anyone here rented their uk house out while awaiting sale? I think there's a very real possibility that the house won't be sold by Jan, and my wage in OZ won't stretch to keeping up mortgage payments.
Does anyone have any suggestions on how to deal with this should this happen?
If you let the house, you have to do so for a minimum of six months and you have to give the tenant not less than two months notice to quit. Plus you cannot have prospective buyers and agents walking round it disturbing the tenant. I don't know about the rental market in Liverpool but here in the South, it is easier to find a tenant for a year than for six months.
Talk to a reputable lettings agent in your town. See what they suggest. Also consider asking your lender whether they would consider a payment holiday on the mortgage if push comes to shove. They might, because they know they would be repaid out of the proceeds of sale.
G'day
Yes brother has same dilema on what if house not sold? He and his family also have to activate visas by January and time is drawing closer. They are thinking maybe give power of attorney to solicitor to sign when house does eventually sell.
Anybody else done this? Any advice would be helpful.
Cheers Pozzy
We haven't done it yet but, if our house sale falls through, that is exactly our intention... fingers crossed though, that all will be well. We have, however, dropped the price of our house a WHOPPING £30,000 to make damn sure it goes :roll: I'd have time over money any day :!: :!:
There is no real need to get involved with the cost of having a Power of Attorney drawn up. I have regularly posted Contracts & Transfers overseas for clients to sign and return them to me. It is not a big deal now that there are couriers, very swift airmail services and so on.
Hi my name is Jean and i am going over on a contributory parent temp visa also been trying to sell my house in St.Helens and have reduced it from 121 to 110 thousand and leaving everything in if buyer wants it, getting worried as been on the market since last October and no buyer yet, planning to go December - what to do if does not sell any one know any way around this situation.
It's gone from worrying about not getting the visa (now got) to worrying about the house not selling. I've had many a sleepless night thinking that other people on the estate will be selling at the same time, will we sell the contents, will we have to reduce the price which will eat into the profit that we will make. Will the cars get sold the list is endless
God only knows what i'll worry about after this......
Jean, keep your chin up. Someone will buy your house. It just takes one viewing with the right folk, they ll be interested and before you know it you ll be packing everything up.
thanks daisydeeds, thats what i keep thinking and thinking and thinking, only thing to do would be rent till next year but that involves so much hassle and pay out for safety certs etc., will keep doing the lottery thanks for your nice reply. :)
