Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To be unconvinced?

3 replies

MrsWhisker · 03/02/2020 16:24

Our house in the UK is currently rented out whilst we live abroad.

We're living abroad indefinitely with no plans to return.

The return in terms of rent isn't very good at all in terms of the size of the house. The house is mortgage free.

Dh wants to sell the house - it was our family home for five years - and with the proceeds buy several smaller buy to lets (and other types of investments) to give us a much better rate of return and a bit more of an income.

He wants this to become a business besides our current jobs.

I'm nervous about this. I don't know why because we'd still have property in the UK if we did his idea.

We rent abroad. We're very happy abroad. I'm not particularly attached to the house. The dcs are but they're also happy here where we are.

Aibu to feel negative about this when dh sees it as a great opportunity?

OP posts:
MT2017 · 03/02/2020 17:46

Do you think you feel like that because it was your family house?

flirtygirl · 03/02/2020 18:04

Whatever gives the highest rate of returns after costs and the greatest capital appreciation.

Really look at the figures and factor in the costs of selling and the stamp duty you will pay on the new properties (increased rate) plus the conveyancing costs and costs to make each property rentable, if any.

All of this may outweigh any increased monthly return.

Letsallscreamatthesistene · 03/02/2020 18:25

Id go for the option that chooses a higher rate of financial return, considering you have no plans to return.

New posts on this thread. Refresh page
Please create an account

To comment on this thread you need to create a Mumsnet account.

This thread is closed and is no longer accepting replies. Click here to start a new thread.