We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
To sell or not to sell that is the question.
Comments
-
Alphatauri said:If you would sell once both your parents have sadly died then if they are unable to go home it makes sense to sell now, once you have the LPA’s. All the property is going to do is demand your time and energy and be a potential ongoing issue.
I think these two sum it up very well: and I'd just add that the ONLY reasons to consider letting IMO would be if it's practically ready to go, and a very desirable property in a highly desirable area to rent. And I'd only consider it if I was already well versed in the practicalities of being a landlord.RAS said:Even with your parents in a care home, you will have quite enough on your plates without the huge learning curve involved in becoming an LL.
Read up in the renting and selling forum. There is a list of things which invalidate an S21 notice; it's not entirely up to date but there are over 80 things you could get wrong, or forget to do within time in all the hustle and trouble of being responsible for elderly folk. Using an agency doesn't alter the fact that you would be legally responsible, just makes it more likely there will be a muck up.Signature removed for peace of mind0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards