We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Rent or sell..then France. All thoughts welcome!
BP79
Posts: 3 Newbie
Hi all,
Looking for some advice as this is doing my head in!
We have a house that we are trying to sell. It has been on the market for about 6 months and with not much interest in it. We pay £8k ish a year on our mortgage of £109k. We own another house that we rent out that has a lot of equity in it and rents no problem. We are fortunate in our position in that we don’t have to sell our house. My partner and I are going to move to France in a house we own outright.
Is the best thing to sell our house (if we lower the price!) and use the approx £30k to invest into something else or keep the house and rent it out as well seeing that in the future the prices (should) go up again eventually and investing bricks and mortar is quite a safe option. We are both self employed so there is no guarantee of money coming in although we are financially secure, but we pay £100 to meet the mortgage on the house we rent and would need to pay about £200 for the current house if we rented it out, so adding approx £300 a month to our outgoings in France.
Any thoughts welcome!
Thanks in advance.
Looking for some advice as this is doing my head in!
We have a house that we are trying to sell. It has been on the market for about 6 months and with not much interest in it. We pay £8k ish a year on our mortgage of £109k. We own another house that we rent out that has a lot of equity in it and rents no problem. We are fortunate in our position in that we don’t have to sell our house. My partner and I are going to move to France in a house we own outright.
Is the best thing to sell our house (if we lower the price!) and use the approx £30k to invest into something else or keep the house and rent it out as well seeing that in the future the prices (should) go up again eventually and investing bricks and mortar is quite a safe option. We are both self employed so there is no guarantee of money coming in although we are financially secure, but we pay £100 to meet the mortgage on the house we rent and would need to pay about £200 for the current house if we rented it out, so adding approx £300 a month to our outgoings in France.
Any thoughts welcome!
Thanks in advance.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards