Moving Home

[lipsticklady]

I have a mortgage on a property worth �100,000. It is getting really run down and me and my husband can not afford to 'do it up'. We wont get a bigger mortgage because we are on low wages. I am thinking a selling to one of these companies that pay cash. I know this will be alot less than the market value but i cant put it on the market. I am thinking of renting as all the property maintence will be taken care of. But I no the rent will be more than the mortgage but I hope i will get help towards that. Any advice would be sooooo appreciated xxx

[CheekyChops]

Why can't you put it on the market? You would still probably get more than you would from one of those companies that buy properties for cash.

You may not get help with your rent, is there any equity in your property - would you be left with any money if you sold it?

You don't say how old you are, could you be entitled to any grants to get your house done up? My parents got new central heating, new windows, the house rewired and more and they just had to contribute c�1000.

Can't you buy a smaller property once you sell yours, or look into shared ownership?

[chazza]

You could look into selling your home to an investor and paying rent to them, therefore releasing the equity.

This will mean that the landlord will be responsible for the upkeep of the property