Sell my buy to let or keep?

meanmachine_2

Well at least you know your yield and understand opportunity cost.

I'd be amazed if 90% of recent BTLers knew either of these things.

Personally I wouldn't sell and buy "grotboxes". You're more likely to get problem tenants.

It's not a bad position to be in. The status quo or moving in for three years - both options have their benefits.

richgirl

Sell it !,

4.5% given the risks is rubbish !

You might as well pay off your mortgage and invest the rest in the stock market for better yields and potential growth for similar risk.

I.e. UU pays about 6.5% with potential for some cap gains and limited downside risk(relative to others).

jp99_3

how long would it take you to get back the fees if you were to sell that one, and then buy another ?

silvercar

You have decent tenants so keep them. What you are losing, by subsidising the mortgage / not being able to release your equity, you could gain back if you think house prices will go up.

I think you should be choosing between staying with this property or getting out of buy-to-lets. To get rid of a decent house with decent tenants to buy a grottier house with two sets of grotty tenants doesn't make sense.