Hi there
I am thinking of renting my home out and moving to another part of England and using the rent towards buying a smaller place. I don't have a mortgage and I live on my own.
I spoke to an estate agent today who was quite gloomy about the property market post Brexit saying that it is very sluggish and will remain so for sometime.
At first I was inclined to sell as I have done a fair bit of work to the house to make it saleable but it seems that I will not recoup what I've paid so far and not for a good while, yet if ever.
I've read some real horror stories about renting houses out in that properties get destroyed which is not covered by the deposit.
Has anyone going through or has been through renting out either using a management company or gone it alone?
Has anyone rented their house out and bought another with the rent?
I cannot decide to stay and see what happens, rent it out or sell.I know it's my decision but just need to hear some other people's experiences, thoughts...