Sell up or rent out?
Discussion
Retman said:
Please take your own professional advice on this, but don't worry just about the tax, your crystal ball on property prices is probably the key.
Fair point Andrew me old chum. People automatically assume they will make easy money on a property. From experience (oop North), it's just not that easy when you account for all the factors ch427 said:
Good advice there thanks.
I cant see the house prices rising dramatically, it is a refurbished large 3 bed terraced in south wales.
Its really a long term investment as i have no pension in place, at the age of 41 now i think it may be worth hanging on to for 15-20 years. Its difficult not to think of also just selling up and putting the £100k down now.
Well if it's tied up in property and it's on a repayment mortgage at least you can't spend it on cars and the like so you'll have an asset at the end. I have similar as part of my (meagre!) pension planning. Good luck with the new house whichever way you go.I cant see the house prices rising dramatically, it is a refurbished large 3 bed terraced in south wales.
Its really a long term investment as i have no pension in place, at the age of 41 now i think it may be worth hanging on to for 15-20 years. Its difficult not to think of also just selling up and putting the £100k down now.
Edited by ch427 on Tuesday 15th July 08:45
Retman said:
ch427 said:
Good advice there thanks.
I cant see the house prices rising dramatically, it is a refurbished large 3 bed terraced in south wales.
Its really a long term investment as i have no pension in place, at the age of 41 now i think it may be worth hanging on to for 15-20 years. Its difficult not to think of also just selling up and putting the £100k down now.
Well if it's tied up in property and it's on a repayment mortgage at least you can't spend it on cars and the like so you'll have an asset at the end. I have similar as part of my (meagre!) pension planning. Good luck with the new house whichever way you go.I cant see the house prices rising dramatically, it is a refurbished large 3 bed terraced in south wales.
Its really a long term investment as i have no pension in place, at the age of 41 now i think it may be worth hanging on to for 15-20 years. Its difficult not to think of also just selling up and putting the £100k down now.
Edited by ch427 on Tuesday 15th July 08:45
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