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darren_b
Junior Member
213 Posts |
 Posted - 07 July 2008 : 16:44:08
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Hello All,
We are currently in the process of looking into rental property before going BR. We have looked around, and apart from relocating from the city, the prices are around £850.
If between us, we earn approx £3375 a month, would the OR see this as a high price to be paying for a property rented, even though the property would be bigger than what we currently have, and £430 cheaper than our mortgage, secured loan and ground rent that we pay now? There are just the two of us, and its a three bed property.
Thanks guys |
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melanie_giles
Senior Member
1191 Posts |
Posted - 07 July 2008 : 19:25:43
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I am sure that the OR will agree that this is a reasonable rental, especially if you have shopped around and done your research.
For an informal chat about any financial difficulties, or advice as to the options available, I can be contacted via my website - www.melaniegiles.com |
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JulianDonnelly
Junior Member
United Kingdom
325 Posts |
Posted - 08 July 2008 : 15:32:35
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Hi Darren,
The interesting fact is that your rent could be £5000 a month and the OR has no power to question this or force you into a cheaper rental.
Regards
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk |
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Reasonable Rent?
