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Sell or Rent
lemonhat
Posts: 1 Newbie
I've recently had four estate agents come to view my property and value it. It was bought for £115 in 2007.
The values have come in at 87.5k, 90k, 95k and 115k
I (not my wife) have a mortgage of £93k with 22 years left to run.
I have a deposit for my next house of £50k.
I have moved out of my existing property.
My wife is currently out of work. We are thinking of renting our property out as our current mortgage will allow us to do this for a small fee, but if we wanted to buy could someone let me know of the options? My current mortgage provider won't offer me a buy to let mortgage and I'm assuming I can't transfer the mortgage to my wife and take out another mortgage myself.
If I remortgage and the lowest of the three estimates are taken into account I won't have sufficient capital invested in the property to turn it into a buy to let without investing my current nest egg into it.
Three of the four estate agents compared our home to a studio flat, not a 1 bedroom flat with a study, which the fourth (highest) did. It's not a studio flat.
Oh and hello!
The values have come in at 87.5k, 90k, 95k and 115k
I (not my wife) have a mortgage of £93k with 22 years left to run.
I have a deposit for my next house of £50k.
I have moved out of my existing property.
My wife is currently out of work. We are thinking of renting our property out as our current mortgage will allow us to do this for a small fee, but if we wanted to buy could someone let me know of the options? My current mortgage provider won't offer me a buy to let mortgage and I'm assuming I can't transfer the mortgage to my wife and take out another mortgage myself.
If I remortgage and the lowest of the three estimates are taken into account I won't have sufficient capital invested in the property to turn it into a buy to let without investing my current nest egg into it.
Three of the four estate agents compared our home to a studio flat, not a 1 bedroom flat with a study, which the fourth (highest) did. It's not a studio flat.
Oh and hello!
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