Re: rental purchase of property i am currently living in-been tenant for 9 yrs-unfortunately i am now 60 ?

Question

so banks etc not a option.

my flat is currently approx` £60 000.

over say 10yrs what would be my deposit required-monthly repayments-procedure please

thank you.

re: `lining peoples pockets` to avoid this is there a `form/s` myself and owner/ friend-can complete between us-legal binding?

currently i pay £75 per week rent.

Answer 1

If you put down 10% deposit of £6000 then you would have to pay between £630-650 monthly for the next ten years.

Answer 2

ask a lawyer get some legal advice

Answer 3

Try the banks. I know someone aged 62 and still working who has been granted a small mortgage.