to sell or to rent

[angrywoman]

I know I may find I have no choice anyway, the house may have no interest. Had it valued at 250000 in 2007 and then today at 230000. So seems to have gone down and not many are shifting at the moment. Houses like can be rented out for 1000 a month as it's a student area. First I would have to buy my ex out though at around 20000. But I have no job at the moment!!

COuld you buy your ex out, out of the rental money - ie £500 a month for 40 months, and rent something for yourself for the other £500? If not then you may have to bite the bullet and sell it for whatever you can get for it, pay off the ex's £20000 and buy whatever you can for yourself with the remainder. At least if yours has gone down, presumably the cost of whatever you want to buy will have reduced too?

Now that would work! Just need to get him to agree, suppose my solicitor would help with the finer points. Thanks for that idea!

Don't forget though that as a LL you have maintenance to pay for, insurance, and you also have to get permission to let from your mortgage provider. I let my place and am losing money at the moment.

Angry - is there no mortgage then?

Er, yes Princess, there is a mortgage. Another problem.