Hi,
I "fell into" becoming a landlord simply because I was relocated abroad through work and I didn't want to sell my house just yet. I currently let out my house through a letting agency, and have done for nearly a year.
In the next 6 motnhs I will need to sell my house in England to buy in Scotland. I am currently trying to work out the best way to do this and was wondering if anyone could give some advice.
I think my options are:
1) give notice to the current tennants, wait 'till they move out, then put the house on the market. This could leave me paying a mortgage with no income on the house to cover it while the house sells.
2) sell my house as buy-to-let with the current tennants still in it. Is this possible in the UK?
3) dunno - any ieas?!
I will be doing the entire house sale from abroad so the easier the solution the better!
Any and all advice welcome!
Thanks,
littleIdiot
I "fell into" becoming a landlord simply because I was relocated abroad through work and I didn't want to sell my house just yet. I currently let out my house through a letting agency, and have done for nearly a year.
In the next 6 motnhs I will need to sell my house in England to buy in Scotland. I am currently trying to work out the best way to do this and was wondering if anyone could give some advice.
I think my options are:
1) give notice to the current tennants, wait 'till they move out, then put the house on the market. This could leave me paying a mortgage with no income on the house to cover it while the house sells.
2) sell my house as buy-to-let with the current tennants still in it. Is this possible in the UK?
3) dunno - any ieas?!
I will be doing the entire house sale from abroad so the easier the solution the better!
Any and all advice welcome!
Thanks,
littleIdiot
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