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Some questions about potentially selling one bed flat
Comments
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In most markets it is best to buy when the market is cool and sell when the market is hot. Its very cool in london at the moment - not a great time to sell. It will come back at some point, that's the time to sell. Only sell in a cold market if you really have to. And presumably you don't have to sell.
Paying down the mortgage is a good sensible approach.
There will always be tenants in London wanting to rent which i would rather do than sell at a loss0 -
SmashedAvacado wrote: »In most markets it is best to buy when the market is cool and sell when the market is hot. Its very cool in london at the moment - not a great time to sell. It will come back at some point, that's the time to sell. Only sell in a cold market if you really have to. And presumably you don't have to sell.
Paying down the mortgage is a good sensible approach.
There will always be tenants in London wanting to rent which i would rather do than sell at a loss
You can't rent out a property with a HTB loan on it.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Precisely - can’t rent out with the HTB hence the question about paying it off.0
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Help The Bankers was only designed to do one thing, the clue is in the name.0
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You could also consider the rental potential as a reason why someone may purchase it from you in order to rent it out themselves.0
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https://www.ft.com/content/870ff6b8-c721-11e8-ba8f-ee390057b8c9
London global bubble only works with global interest rates at near zero, otherwise it blows up. Prepare to take a hit when you sell IMO.0
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