I will try and keep this to the point so please bear with me ...
After a long time house hunting in an area of london where there is a significant lack of stock on the market, we have found a fantastic family home. I love it so much my heart was racing just minutes through the door. The asking price is under budget but because it is such a lovely house and there's a lack of stock it has attracted numerous offers - one of which is already over the asking price where the buyers are in the same position as us - chain free with a good mortgage deposit.
In order to have an excellent chance of securing this house against the competition I have the option to sell my buy- to-let property to release some more funds. Financially, our family is pretty secure in that my husband owns his own business, we have all the financial protection instruments in place in case of critical illness etc and also own a mortgage-free property abroad, but a little voice in my head says I should keep the buy to let as an additional asset to fall back on (eg as a pension pot one day).
Should I:
A) sell the buy- to-let to help fund our dream family home in our dream location
Or
B) keep the buy- to-let as an additional asset but buy a house in a less desirable area?
Thanks in advance x