Moving to Ireland -- Sell or Let?

ukpobrien31

Morning All,

I'm actually after some advice for my sister. She is single and currently lives in a 3 bed terrace worth about £100k. Her current mortgage is approx. £76k.

After our visit to the Emerald Isle next month to see the folks, on her return she will set in motion her desire to move there permanently.

One of her work colleagues has expressed an interest in renting the house when she moves.

A couple of questions -- What is the best course of action? Does she sell? Does she rent? Does she negotiate with her current lender?

As ever, any and all help would be gratefully appreciated.

Kind Regards,

Patrick.

Mr_helpful

I would rent. Ireland is very nice but judging by the amount of Paddys in London the UK must have a lot to offer. If she stays over there she has a good investment here If she wants to come back she has a ready made home.
On the investment side of things its good to remember almost any country is a tax haven as long as you dont live there.
As far as her mortgage goes if no redemption remortgage to a B"L mortgage or if she has redemption ask permission to let from her lender

Gilchro1

It would depend on whether she was buying or renting over there but buying is scary. Prices are way beyond here and don't seem to be slowing down.