From: Richard Faulkner 
Newsgroups: uk.finance
Subject: Re: financing an easy life in the sun?
Date: Mon, 1 Sep 2003 09:08:21 +0100

Having looked at the auction page, everything about it says dont touch
it with a bargepole - and you know it!!

In article <3f529eb9@news.greennet.net>, DP  writes
>Up North you could get £350/month on a £15k house (£80/month mortgage?)
>which is a better deal. You'll lose 15% per month by using a letting agent.
>If it can be avoided I would advise against letting if you intend being out
>of the country for a long period. You will be robbed unless you can find an
>angelic agent.
>
>Last time I pointed out how cheap houses are up north, I got shot down by
>southerners who didn't believe me, so here's a house with a tenant paying
>£350/month that recently sold at auction for £15k.
>
>http://www.roypugh.co.uk/auctions/16july2003/54.html
>
>> a
>> repayment mortgage would cost about £350/month and we could get about
>> £700/month in rents (after voids etc).
>
>
>
>

-- 
Richard Faulkner