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Buying new build . When to sell current home?

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  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Interesting re solutions. I'd say that in my job, the "bleeding obvious" usually is the best solution, probably because of the KISS principle, where complex solutions usually bring about unexpected interactions and issues, to coin a phrase, the cure is worse than the disease.

    Anyway, having been a landlord, and breathed a sigh of relief when it stopped (even though financially I made good money) , i will advise you need to go into that with your eyes open as to the amount of work it entails. In your case the tax issues would i suspect also make it financially unviable, but bottom line, still seems to be cart before the horse, if you want to be a landlord start from that position, not because it's a route to buying a residential house.

    Good luck whatever you do.
  • Slinky
    Slinky Posts: 11,003 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    The other thing to consider is how the market moves whilst you are holding onto your current home. Great if it goes up, not so great if it drops.
    Make £2025 in 2025
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