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    • Magfrank
    • By Magfrank 12th Jul 17, 10:59 AM
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    Magfrank
    Renting or selling parental home
    • #1
    • 12th Jul 17, 10:59 AM
    Renting or selling parental home 12th Jul 17 at 10:59 AM
    I am currently clearing out my parents' house. We planned to rent it out (being quoted to get between £1000 - 1200 a month not including letting fees), but I wondered if it may be a better option to sell the house and invest the money in a high interest account - as the lump sum would not be needed for a while. The house has been valued roughly as £400-425K if we sold it. Does anyone have any advice on whether renting or selling would be the better option? And if selling is the better option, any ideas on where to invest the money?
    Many many tnanks!
    (PS I thought I had already posted this query yesterday on this forum but can't find it anywhere - my apologies if I have replicated it!).
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    • 00ec25
    • By 00ec25 12th Jul 17, 11:10 AM
    • 5,572 Posts
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    00ec25
    • #2
    • 12th Jul 17, 11:10 AM
    • #2
    • 12th Jul 17, 11:10 AM
    you did post it yesterday, it has 2 replies

    http://forums.moneysavingexpert.com/showthread.php?t=5677806
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