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Moving abroad - sell or rent out our house?

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rexmedorum
rexmedorum Posts: 782 Forumite
Part of the Furniture 500 Posts Name Dropper Combo Breaker
in House buying, renting & selling
We're considering moving abroad and I'm wondering if it would make more sense to sell or rent out our house.

We would have to pay an early repayment charge if we sold up (around £2k). Also cash in savings isn't the best as it's taxed in the other country (the full savings, not just not the interest!)

In the other country we'd most likely rent at least initially and have enough additional savings even now for another deposit if we were to buy..

I guess what I'm really after is: would it be easier to sell or rent out (fully managed by an agent) and what do people think house prices will do in the sort/long term?

Comments

  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 19 August 2018 at 7:22PM
    Not sure if anyone can answer if house prices will do in the sort/long term. Are you likely to move back in the future whether its 2 months or 2 years for whatever reason ?
    Why not rent out the house
  • Marvel1
    Marvel1 Posts: 7,436 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Do you know the law of being a landlord and what you must follow? Even more yourself loving aboard in regards to tax?

    What rights a tenant has?
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Self evidently it would be easier to sell than let it out.
  • Red-Squirrel_2
    Red-Squirrel_2 Posts: 4,341 Forumite
    Selling is always easier.

    Are you ever planning to move back and live in the house?
  • rexmedorum
    rexmedorum Posts: 782 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Red-Squirrel wrote: »
    Selling is always easier.

    Are you ever planning to move back and live in the house?
    I'm actually originally from there but my wife is not (also from elsewhere originally). We're now British citizens (dual) so at least we can come back if she hates it there, however not really the intention.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    If you want to know people's views on what house prices will do then head to the Debate House Prices and the Economy board.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Does the place you are going tax all your assets or just your cash savings?
  • rexmedorum
    rexmedorum Posts: 782 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    getmore4less wrote: »
    Does the place you are going tax all your assets or just your cash savings?
    Property too but EU based property is taxed in the country it sits in (may all change of course)
  • capital0ne
    capital0ne Posts: 872 Forumite
    500 Posts Second Anniversary
    cjdavies wrote: »
    Do you know the law of being a landlord and what you must follow? Even more yourself loving aboard in regards to tax?

    What rights a tenant has?
    What does loving himself matter as regards tax? :rotfl:
  • capital0ne
    capital0ne Posts: 872 Forumite
    500 Posts Second Anniversary
    rexmedorum wrote: »
    ....(fully managed by an agent) ....
    Don't expect too much, any problems will be yours as the landlord, the agent hjust collects the rent, takes their 15% and passes the rest on to you.

    If the tenant causes damage, refuses to leave, etc, its down to you.....

    Good luck:)
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