What would you do?

Grumpy_chap

Keep it and rent it.

inkie1

mlz1413 said:

It's a bit of a close call for me, I immediately thought rent, but at £600pm less fees less tax it may well end up being the same as a high interest account. 

£90,000 less CGT (could it be in joint names to lessen that? I'm not a tax accountant I just think I've read that before)
At 4 -5% interest would be hassle free and 20k per tax year can go into an ISA so it's tax free interest.

But rental values go up every year and in 10 yrs that could be a good income if you retire in your 60s.

Also if you continue to own it might be worth selling in your 70s as it would give a nest egg to top up pensions.

If you want to do loads of travelling and buy a new car I'd sell and enjoy the money now.

If you can have a good lifestyle without a cash injection I'd probably keep it as a rental.

Definitely rent via an agent or to a guaranteed income scheme. Keep the property in good shape too, the spend with cut your taxes. 

Yes it jointly owned 50/50 between me and hubby, he's 40% taxpayer though!