Should we sell our flat or borrow against it to buy a new home? | Money | guardian.co.uk
Q My husband and I owned a flat outright and a home with a mortgage. We decided to sell both to consolidate and trade up. We have now sold our house and have some equity from it – around £105,000 after clearing all other debt. We are having difficulty selling the flat which is valued at £260,000. We currently rent it out for £900 per month.
I would like to know it's possible to keep the flat tenanted and borrow against it and what the best approach for this would be and what we could expect to raise. Or is it better to stick with our original plan and consolidate? We are 44 and 50 with a combined income of £110,000 a year before tax
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment