Letting, selling

Why don’t you move in with her, help her out with the mortgage and sell or let out your house?

Woh, I don't want to drastically downgrade my lifestyle and the area I live in. I certainly don't want to start doing home improvement again, having got things sorted out here. Moving here would be a of great benefit for her - she wants a new job and her chances her of getting that job would be much better.
 
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I'd suggest you legally cover what ever you sort out such that you can not suffer yourself however things eventually work out.

I do know of one similar case where things worked out very badly for the man concerned. The lady did rather well. This might be a rather cynical view but these things can and do happen.
Should be fine as long as he doesn’t say “I do”.
 
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Let her sort her own finances regarding her own property unless she asks for your opinion or support. That's her business. Let he make her own decisions and mistakes/successes

Your business is the arrangement you have in your own home and what she needs to contribute for her fair share. And what you will do about it if she cannot stick to the agreement.

Keep it simple.
 
Let her sort her own finances regarding her own property unless she asks for your opinion or support. That's her business. Let he make her own decisions and mistakes/successes

Your business is the arrangement you have in your own home and what she needs to contribute for her fair share. And what you will do about it if she cannot stick to the agreement.

Keep it simple.

I have already made it clear, the contribution I expect from her, but she is trying to persuade me she cannot afford it and still be able to sort her financial mess out. Basically I have said we both share the running costs between us, which are quite low, because the place is paid for and I have made it cheap to run.

I'm sympathetic to the fact that the mess she is in, is not of her making, that she is very much on her own with it and that she does need a lot of help and advice to try to sort it out - so I am trying to do that. I have also said I will support her at no cost, until she can get fixed up with a job here and start earning.
 
If she is in trouble, could she sell the house, repay the mortgage and buy a smaller place?
 
If she is in trouble, could she sell the house, repay the mortgage and buy a smaller place?

It sounds as if she is desperately treading water. From what I have understood, she owes out around £60K, house estimated worth £120K. She has a terrible credit rating, so could not get a mortgage - what sort of home could you buy for £60K cash? Maybe a do'er upper in a bad area, but she has no such skills.
 
I wouldn't let to the friend for a vastly reduced fee.

I would let it out at the going rate.

If she wants to, at the end of the tenancy, she could refund her some of the rent.
yes good idea a promise off "cash back" if things go well is an excellent idea as it sets the expectation above the level you are happy with and this allows a bit off disappointment and underpayment but still be above target rather than "fighting at every juncture to get the arrears covered
its better to be a soft touch [like i am]with lower expectation but say 20% wiggle room on value
the easiest way to lose friends is to give money or services and expect payment back
i never ever give anything i expect back if friendship is important and 95% + off the time its fine
 
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