"Buying an ex-local authority is the best thing that ever happened to me" says 44 year old Linda:"I was previously living in a 3 bedroom non local authority building and was suffering with heavy taxes. I am a single mother earning a decent income and I can not afford to buy a standard house or a flat, and support my child at the same time, therefore, I had to opt for other alternatives".
"I went on to investigate on different properties and soon I realized that ex-local authority was some what a dream come true in my case. My biggest fear was burying myself in mortgages and suffering a total collapse" says Linda
Eventually Linda found her house in Islington which as expected was a great deal cheaper and indeed more specious that a non ex local property. The specific house was build in the late 1960's and comprises of 3 bedrooms a specious lounge and 2 bathrooms as well as a rear garden. If that was an ordinary house she would have paid some where in the region of £350,000.00 - £370,000.00. But the ex-local property of the same parameters cost only £265,000.00.
The property also comes in a pretty neat order but as most of the ex-local properties there are a few things to get repaired here and there, however it still is totally out of the league of ordinary properties. The ex-local boom is still on the raise as people like Linda realize it's always a win situation when it comes to investing in ex-local properties. Weather you buy to let the property or buy it for yourself.
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