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Our new buyers situation - keeping his own property to rent it out

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Comments

  • septemberbaby
    septemberbaby Posts: 129 Forumite
    Eighth Anniversary 10 Posts Combo Breaker
    We did it last year. We left our old home and rented it to our son and purchased a new house.
    DH jokes that we left home rather than the kids....

    The downside is stamp duty, but thats your buyers concern not yours.

    Thank you for letting me know.

    did it delay in getting finances approved etc...
  • pulliptears
    pulliptears Posts: 14,583 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thank you for letting me know.

    did it delay in getting finances approved etc...


    No not at all. All done without any hassle. Helpfully the house we bought had no chain either so it was pretty much hassle free.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    If your buyer wasn't doing this but was selling would you be worried that their buyer wouldn't be able to get a mortgage? Or their buyers buyer? There's an endless number of things you can't control you can worry about. Try to pick something you can because you can fix that.
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