We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Moving to Ireland -- Sell or Let?

Options
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.

Comments

  • Mr_helpful
    Mr_helpful Posts: 3,233 Forumite
    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
    I like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)
  • Gilchro1
    Gilchro1 Posts: 13 Forumite
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.