There are lots of ifs and buts to our situation but I'm curious as to what other people would do.
We bought our first house a year ago in Hertfordshire. We only got our mortgage (for £160,000) by the skin of our teeth as I'm self employed and hadn't earned a huge amount since having DD. It's on a two year fixed deal.
We like it here but have since decided that we're better off up north in Yorkshire near family.
DH is looking for work and we've been offered the chance to live in a relative's empty flat on minimal rent. It would be perfect while we look for somewhere permanent to buy. We are very grateful for this. It's the perfect opportunity.
But should we sell our Herts property and stick the proceeds in savings so that we aren't in a chain when we buy again? Prices have shot up so we will have made a good profit. Or should we rent it out for six months to a year until our two year fixed deal is over and we won't be fined for breaking the deal?
DH doesn't want to be a landlord and I see his point but I'm nervous of selling our place and then finding that we are unable to get a mortgage second time around.
Any advice? Thank you.
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Sell house or rent it out.. WWYD?
49 replies
ginzillas · 28/09/2014 16:21
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