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Should I sell my property?

1 reply

BigDecisionTime · 20/07/2010 10:56

We have a commercial property worth about £125k and business borrowings of about £85k. Would you let the property which would bring us in around £1,000 pm and continue to make the monthly payments of £2,100(which of course includes interest), or sell the property and pay off the debt?

Should I let go of this asset or hang on to it?

(Our income isn't an issue as we have another business).

OP posts:
slushy · 22/07/2010 09:54

Well personally I would look at it like this if you keep the house you get the 1,000 a month in value plus the 125k, but if you sell you only get the 125k so money wise it is better to keep it.

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