The K M Links Game - June 2024 Week 1
Quizzes & Puzzles20 mins ago
No best answer has yet been selected by birdie1971. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.The way I see it is ... at the moment it is two separate properties. Your neighbour's house could be repossessed if they defaulted but yours would remain untouched of course because you are a totally separate person. However if you bought their house as a separate house then the mortgage would apply just to that house and could be repossessed like any other. However, if you then bought next door and changed the title so that it was all one property then the mortage would then apply to all of it and therefore the whole property could be repossessed as you have changed it into one thing. So I think it would all depend on whether you merged the one property into a single dwelling or kept it as two. I think it would make good financial sense to buy it, you could even rent it out and keep an eye on it and make a nice income, or have a nice big house as you say. I wish I could afford to buy my next door !
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