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Help please - sell or rent

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Comments

  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Can I thank everyone for their thoughts and advice its really appericated :smiley: Just to throw another idea into the mix, if I was to pay off the outstanding mortgage balance and my daughter pay me back when the flat is sold? what are the implications etc etc 
    There are no implications. You are just lending her some money.

    Is she getting viewings?
    Has she had any offers or significant interest?
  • AdrianC said:
    Can I thank everyone for their thoughts and advice its really appericated :smiley: Just to throw another idea into the mix, if I was to pay off the outstanding mortgage balance and my daughter pay me back when the flat is sold? what are the implications etc etc 
    There are no implications. You are just lending her some money.

    Is she getting viewings?
    Has she had any offers or significant interest?
    We've had several viewings and some crazy offers like £70k, we had one offer of £89k accepted the offer but she turned out to be a dreamer. When lending her the money I thought  I might have to fill out money laundering forms etc etc a right pain. 
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AdrianC said:
    Can I thank everyone for their thoughts and advice its really appericated :smiley: Just to throw another idea into the mix, if I was to pay off the outstanding mortgage balance and my daughter pay me back when the flat is sold? what are the implications etc etc 
    There are no implications. You are just lending her some money.

    Is she getting viewings?
    Has she had any offers or significant interest?
    We've had several viewings and some crazy offers like £70k, we had one offer of £89k accepted the offer but she turned out to be a dreamer. When lending her the money I thought  I might have to fill out money laundering forms etc etc a right pain. 
    How much were you asking for?
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