Browse Forums Home Finance 1 Feb 03, 2021 6:35 pm Hi, This is my first time posting here. I'd appreciate any advice 😊 Our offer has just been accepted on a tenanted property. By the time it settles they will have 6 months left on the lease. We are fine with this and will move in after they vacate. My question is about our loan. Can we still have a normal home loan? We aren't purchasing this as an investment property unfortunately we just can't move in because of the tenants. Help!?! Thank you 😌 Re: First home buyers with tenants in property 4Feb 03, 2021 9:08 pm aussieta yes you can just move in, sale of home is grounds to break lease, just give 1 month notice Actually it's not. A fixed term lease is exactly that, regardless of the sale of a property. Tenants may be happy to negotiate a termination of the lease but are also legally protected from being evicted unless they break the lease. Accessible Carpentry & Cabinets accessiblecarpentry@gmail.com accessiblecarpentry.com.au https://www.facebook.com/pages/Accessible-Carpentry-Cabinets/583314911709039 Re: First home buyers with tenants in property 5Feb 03, 2021 9:20 pm You should be fine with a standard home loan. Maybe speak with your mortgage broker or bank. Depending on how long you own the house there could be some capital gain implications if you don't stay in it long. Accessible Carpentry & Cabinets accessiblecarpentry@gmail.com accessiblecarpentry.com.au https://www.facebook.com/pages/Accessible-Carpentry-Cabinets/583314911709039 Re: First home buyers with tenants in property 7Feb 04, 2021 10:57 am For peace of mind, have a look at landlord insurance. 3in1 Supadiverta. Rainwater Harvesting Best Practice using syphonic drainage. Cleaner Neater Smarter Cheaper Supa Gutter Pumper. A low cost syphonic eaves gutter overflow solution. If you are in Victoria you have a statutory right to your own building inspector regardless of builder's consent. No negotiations are required. However the builder will… 1 3359 You might be able to apply to divert the sewer at your expense. In NSW you would contact a Water services co-ordinator and they would give you advice as to whether or not… 1 17259 Ask for some kickplate to be added and also for tradies to be requested to use lanyards on tools on that side of the building. Be respectful and have the discussion… 1 1928 |