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UK only... I am house hunting... brrr...any advice?

we want to buy a house and another 'buy to let property'. But we now wonder if we shouldn't rather buy a one nice property only. We are first time buyers. I thought maybe if we have 2 properties and it doesn't work after 2 years... we still have 2 separate properties to live in... any thoughts welcome...

Public Comments

1. learn to spell and grow up idiot
2. If you're having those discussions already, then ask yourself the simply question - is this relationship for real? Because your question is not about buying houses at all is it. It's about whether you and your partner are serious about each other. Think long and hard before buying ANY property with each other, let alone two. Oh, and fyi, the buy to let market is saturated and the rent return will not cover your btl mortgate. Fact.
3. the market is flooded with properties to rent..careful you dont fall into the trap of being unable to rent the 2nd property. i'd go for one house ...make it a nice one & think positive - its a dream to work on together..dont go thinking you just might split up before you even start! good luck - exciting time!
4. Two properties is a good idea if you can afford it. Lease agreements are easy to get and will pay probably your mortagage on one property and some of your other. Good sound investment for the future. Properties will never devalue so you will have a little goldmine. Once you find your two properties you can do them up to a high standard not to expensively, amazing what a lick of paint and new flooring will do.
5. Hello dear, your intentions are amiable. I wish I was 30 years younger, I would do the same. There is a north south divide and in that, is your solution. Homes up north are cheaper to buy than homes down south are to rent. So go for two up north, maybe one on the east coast and one on the west. (Location, location) Good luck to you both.
6. will the dirty house mates be moving with you, the ones you ask about in another question and are both these houses m22???
7. Try www.thelittlehousecompany/.co.uk Question any estate agent you engage carefully. Make sure they deal specificically in the type of property you are seeking. Visit http://www.save-money-guide.com/saving-money-property-tips.html
8. ok where about are u up north houses cheaper like grimsby where i am cheap buy two and than it pay for itself let in out wish u all the best and good luck u be fine all the best good luck take care
9. if your moving m22 you had better know people if not..well no police about to help you that is all i can and will say. mufc haters
10. manchester you off there,hey up you had better watch yourselves you know what i am saying, wythenshawe is not for the soft
11. Buy one good property. You will have more enjoyment from it and, almost certainly, more profit on its eventual sale. Before you start draw up these lists: 1. Really essential qualities of your new house. 2. Very desirable properties of your new house. 3. Desirable, but not essential properties... 4. Sensible price range allowing for predicted interest increases (unless you are lucky enough to have most, or all!,of the cash) 5. Don't forget any initial improvements that are, to you, essential. 6. Don't make the mistake (as our son did) of moving into the right house in the wrong (for whatever reason) area. Best of luck with, possibly, the biggest decision you will ever make!
12. Know someone who has done what you intend to do. Ended with problems and heartache. Would not recommend it, unless you have plenty money, and can afford to loose some, otherwise, stay cautious, look closely at your current situation, and make decisions based on this. It may sound good at first, but there could be too many problems. Buy one property, and stay with it. best option in the long run. Only my opinion, based on experience from my friend.
13. First either be permanently married or forget it. If you have doubts about staying together, forget it. If you must do this then I have some advice. Put everything down on paper as a business arrangement. The house or houses are an investment which must provide a monetary surplus. If you plan to live in one and let out the other you still must benefit monetarily from the rental, the cost of the one you live in should be less than the rent you would have to pay for it over the period of the mortgage. The rent from the second must not only cover what is paid, but also all the maintenance and upkeep. The savings over rent on your residence should be enough to cover maintenance and upkeep. If your partnership, living together or marriage should break up the paperwork should designate which house belongs to whom. Then think if either one of you can meet the payments alone. A lot depends on how much money you have going into this and neither one should put in more than the other. If you should break up, both shares will be equal, but don't get caught where he/she keeps one house and you are stuck with one you have to sell and he/she gets half of the sale and still keeps one house. Check the rental markets and see if you can make a profit on the second house. If not then go in as equal partners on one house and have it written down that if you break up the house will be sold and the proceeds divided. Keep records of whose income paid for maintenance and upkeep, taxes and any other expenses directly for the house. Utilities are not shared unless by direct agreement and records kept, likewise for food and other household expenses. If everything is recorded according to who paid for what then a lot of bitterness and fighting can be avoided in case of a break-up.
14. Buy one in the UK, and one abroad, possibly in Bulgaria. Probably Channel4 will turn up and give you advice...
15. FIRST GET A HOUSE HUNTING LICENCE