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Should I wait to sell?
waribai
Posts: 157 Forumite
I have a leasehold first floor maisonette which has a ground rent of £100 a year. The service charges though have increased though from £250 a year to £500. There are 88 years left on the lease. I am thinking of selling. Should I sell now though while prices are quite high in our area or wait till the leasehold reforms come in, extend my lease to 990 years and potentially get a better price in a couple of years time having moved in with my partner and rented the flat out for a while...I know that nobody has a crystal ball but I would be interested in getting people's thoughts! Thank you for any advice in advance!
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Comments
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If mortgage rates get pushed up by all the financial shenanigans that are going on just now you won`t get a better price in a couple of years, IMO.0
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How long are you willing to wait for leasehold reforms?
Are you up for all the work that comes with becoming a landlord? A lot easier said than done.0 -
Thanks...hadn't thought of that..Crashy_Time said:If mortgage rates get pushed up by all the financial shenanigans that are going on just now you won`t get a better price in a couple of years, IMO.0 -
My understanding is that they were reasonably imminent.......I'm not sure about the landlord game. Haven't tried it!MaryNB said:How long are you willing to wait for leasehold reforms?
Are you up for all the work that comes with becoming a landlord? A lot easier said than done.0 -
There no indication at present when it will be introduced.waribai said:
My understanding is that they were reasonably imminent.......I'm not sure about the landlord game. Haven't tried it!MaryNB said:How long are you willing to wait for leasehold reforms?
Are you up for all the work that comes with becoming a landlord? A lot easier said than done.
From the guide at the top of this forum.
Post 7: New landlords (1):advice & information :see links in next post
Post 8: New landlords (2): Essential links for further information
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