We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Not sure what do
Comments
-
If you simply sold the old house, you could use as much of the capital as is required to update the new house and invest/save the balance.0
-
The idea is that the income generated will go toward updating the new house. There for no need to with draw savings.
That'll surely depend on how soon you want to do the work on the new house and whether it's regular small amounts in line with the rent or big one-off bills. The latter seems more likely.
When you bought your share of the joint house, didn't you have to pay the additional rate SDLT? You should be able to reclaim this if you sell your old house, so that should be factored into your decision.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards