Quizzes & Puzzles6 mins ago
advice pleeeease
3 Answers
im in very lucky position to have bought a house 11 years ago just as the market turned. bought house for 30k, now worth approx 110K with 18k outstanding on the mortgage. ive been living with relatively new partner, of 2 yrs for approx 12 months in his house, very slowly doing mine up (not particularly to a high spec) with a view to renting it out. im in this for the long term, i dont particularly want to sell for a quick buck (ive got through the first 10 years of mortgage on my own, taking in all kinda lodgers to subsidise me and am very proud that im halfway through paying MY OWN mortgage), but are my emotions clouding my judgement? should I sell at a great profit, but if we split up i only have to buy into the current market..... any thoughts?
Answers
Best Answer
No best answer has yet been selected by mandimoo. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.if you sell now, where are you going to live? i think you should keep the house. it's more than likely if you sell,and rent another home, you will end up paying more rent than your present mortgage is. the money you get from the sale would dwindle away, then when you do want to buy again at some time in the future, the market will be beyond you.