To sell my home after 2 years

Or if you or a member of your family want to live in it. It comes under Section 8. I looked this up recently as a neighbour was moving abroad and was renting out his house.

The estate agents can’t really say either tbh. I had them saying mine would easily fetch 230k and after a year of nothing, I sold for 210k. A few years later the market went crazy and if I’d hung on to it I’d have got a lot more (but have had the stress and hassle of being a landlord). I then bought at the peak of the price increase and now my house is worth less than what I paid but I got a 5 year mortgage deal with much lower interest than had I waited til the market calmed down. What you can do is have it valued and put it on the market to test the interest. You can then decide not to sell if you’re only getting low offers. However you might be lucky.
Generally though, flats don’t tend to increase as much as houses and the market isn’t great at the moment.

Oh that's good. I'm glad everything is ok.

best wishes for whatever you decide to do going forward 😊

Are you ok?

Has something happened with your partner?

x

The idea you would make much, if any money, selling a property after only owning it for 24 months is wild. You are more lilely to lose money if you factor in what you spent on moving (stamp duty, conveyancing, searches, movers costs etc..)

Why tbe rush to buy with your partner now?

Property is a long term investment! And yes, monthly repayments on a 35 year mortgage are smaller but it will take decades more to start significantly repaying the capital. Maintenance is absolutely necessary when you own your own place.

The only beneficiaries of a 2 year fix are the brokers who sell it to you, and then get repeat commission every 2 years. Head over to Reddit UK personal finance or the moneysavingexpert boards and start reading up about personal finance and mortgages. Stay put, head down and crack on!

Problem is the new renters bill is coming into effect in september and its going to be really difficult to get tenants out unless your selling. Op could potentially end up regretting it not to mention LL costs.

You both need to be first time buyers for the stamp duty so youll need to pay stamp duty unfortunately.
I would also be put off as a buyer knowing someones only lived there two years and now selling, id be questioning if something is wrong with the property.

That sounds about right. My husband bought his first property in 2007 for £130k on a 32 year mortgage. When we went to sell it in 2011, he had only £5-10k equity. We decided not to sell and bought another house together - his parents moved in to the other house as they needed a house to rent. Now, in 2025, we still own both properties, both in residential mortgages, abs we’ve only paid off £50k of that mortgage - still £70k and 14 years to go.

Are you sure about stamp duty? I thought that was just a first time buyer thing (and under certain value). So even if your partner is first time buyer, you won’t be eligible as you both need to be first time buyers

Don’t jump ship too soon, you may regret it.
The early years are always none productive.
Are you really prepared to risk it all, with someone who could walk away at anytime
If you are serious, you could prehaps consider a remortgage of the property together. Which would make more sense.
Whatever, you decide to do, I would suggest you get yourselves a good lawyer each to iron out all contingencies for all eventualities.

Don't sell, keep your house and let it out , then either rent with your partner or if he buys alone pay him rent.

If it goes wrong you'll be able to walk away and still have your asset. If it goes right you can buy together once you're engaged 💍

https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme

It'll cost more than £10k to move. We are moving now and it's going to cost £15k. Estate agents, solicitors, stamp duty, removal fees.

The first few years of paying a mortgage hardly touch the capital. You need to overpay to see any capital reduction in the first 5 years or so, even £50 makes a big difference. Use money saving expert overpayment calculator to see the impact it has. A 35 year mortgage will take years to feel like you’re making a dint unless you overpay. Seems an odd reason to move as it’s pretty common knowledge that you barely pay down capital in the first few years of a mortgage. This will be the case with any mortgage you get, on your current property or a new one.

You can usually take lodgers and students without consent from your lenders as they have,the lodgers have no statutory rights.

24 months into your mortgage will hardly make a dent to the outstanding balance. I thought tge same with my house,I took a 7 year interest only break. 5 years ago my repayments were a little over £100 per month so I paid off the balance in full. So 24 years with a 7 year break is doable.
Leave things as they are for now. If you're struggling, consider getting a lodger or Airbnb. A lot of medical practioners and specialist engineers need boarding ,usually on week days

Why do you want to move? Some people may be suspicious about the house if you’ve lived such a short time.

I agree. Consider renting it out even if it's just short term.

online valuation had my house at over 300k its not that at all

do you have to buy right now-and why have yourn payments not knocked anything off the mortgage do you have an interest only one

I didn't see a real dent in the mortgage amount left for about 10 years on my 35 year mortgage. Then it started to drop gradually each year. What made a huge difference was overpaying by £50 a month.
After only two years you're probably going to break even if you're lucky. Can you look to get consent to let from your lender and rent out?

We sold in March, we’d been there 2.5 years, zoopla said our house was worth £505k we sold for £475k so I wouldn’t get your hopes up about the online valuations. We also sold at a small loss, but we moved because of neighbours. As others have said stamp duty, estate agent (1% plus vat) solicitors, removals etc. in total I think we spent a good £15k moving!

Chances are you're going to break even on it, but considering you'd otherwise be £k down on renting, it was still good to buy.

But nobody here can really tell you about the value - I bought my house 2 years ago and it's gone down a little according to a couple of online websites, my friend brought elsewhere exactly the same time as me and recently sold for £40k up on a £280k property. She spent £12k on a kitchen but did nothing else. So it's just regional etc.