To sell my home after 2 years

[Pontoon10]

Have paid the required mortgage payment every month for the last 24 months, 35 year term however because of the interest I've only actually paid off about 1k of the total balance which is disappointing..
My deposit was 15%, flat was bought for a very low price. It needs a couple of window repairs, it's a very old property and there are two windows which do not open, I need to get this sorted beforehand, it also needs a new oven.
Other than this the property is in good condition and is in a nice area and quiet. Not had an official valuation yet but according to the online one it's gone up at least 10k since I bought it.

I know nobody can tell me for sure on here but based on what I've said, would I even make a few thousand on it? I'm planning to sell as a chain to buy something with my partner, it's the only way I can raise a deposit.

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

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 💍

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.

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

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.

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.

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.

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!

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?

I'm not looking to sell anymore. Thanks for all the info

Are you ok?

Has something happened with your partner?

x

Yeah I am thanks and no nothing, it was just a bad idea to post on here because ultimately only the estate agents really know, nobody on here can say what will happen

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

best wishes for whatever you decide to do going forward 😊

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.

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.