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I love my flat. Should I sell it, rent it or just wait?

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Name Dropper
    edited 24 January at 5:59PM
    Flugelhorn said:
    [Deleted User] said:
    Don't become a landlord, is immoral.
    why? not everyone can by a house so need to rent - also if you move to work somewhere you can't always buy quickly enough.
    Your can't buy quickly enough because of all the buy to let cash buyers you can't compete with, and the solution is to rent from those same people.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 24 January at 5:59PM
    [Deleted User] said:
    Flugelhorn said:
    [Deleted User] said:
    Don't become a landlord, is immoral.
    why? not everyone can by a house so need to rent - also if you move to work somewhere you can't always buy quickly enough.
    Your can't buy quickly enough because of all the buy to let cash buyers you can't compete with, and the solution is to rent from those same people.
    How about all the people that don't want to buy and would prefer to rent instead?
    I'm one of those people and know plenty of others as well...

  • markin
    markin Posts: 3,860 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 24 January at 5:59PM
    [Deleted User] said:
    Flugelhorn said:
    [Deleted User] said:
    Don't become a landlord, is immoral.
    why? not everyone can by a house so need to rent - also if you move to work somewhere you can't always buy quickly enough.
    Your can't buy quickly enough because of all the buy to let cash buyers you can't compete with, and the solution is to rent from those same people.
    Just the Buying processes is around 3-6 months, no good when you need to start the new job and school in weeks.
    "from 2 to 4 weeks to receive a mortgage offer, around 16 weeks for conveyancing including signing and exchanging contracts and then from 2 to 4 weeks to complete the sale"

  • Flugelhorn
    Flugelhorn Posts: 7,395 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 24 January at 5:59PM
    [Deleted User] said:
    Flugelhorn said:
    [Deleted User] said:
    Don't become a landlord, is immoral.
    why? not everyone can by a house so need to rent - also if you move to work somewhere you can't always buy quickly enough.
    Your can't buy quickly enough because of all the buy to let cash buyers you can't compete with, and the solution is to rent from those same people.
    I have been   a cash buyer but  it still takes time to get the process done.   

    If not going to be in an area for long it is not worth buying so need to rent - have one child working in area for 1 year , have rented rather than bought - glad that someone is still able to let property


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