Hi all,
Myself and partner bought the house in Nov 2006 for 325K with a 100% mortgage.
Its now worth about 300K, 3 bed terraced house, back garden.
Our circumstances unfortunately changed and we broke up, now we find ourselves with a house which will cost us cash to sell.
Should we rent the house? Should we sell the house, these are the questions we are mulling over.
Partner wants to stay in the house and rent 2 rooms (can you rent a box room?!!!) I think we should just finish furnishing the spare rooms and rent the whole place out. On the really bad days we consider selling it and cutting our losses.
Things are amicable between us and we can easily discuss these issues but I thought I would throw it out there and see what you thought?
regards
Myself and partner bought the house in Nov 2006 for 325K with a 100% mortgage.
Its now worth about 300K, 3 bed terraced house, back garden.
Our circumstances unfortunately changed and we broke up, now we find ourselves with a house which will cost us cash to sell.
Should we rent the house? Should we sell the house, these are the questions we are mulling over.
Partner wants to stay in the house and rent 2 rooms (can you rent a box room?!!!) I think we should just finish furnishing the spare rooms and rent the whole place out. On the really bad days we consider selling it and cutting our losses.
Things are amicable between us and we can easily discuss these issues but I thought I would throw it out there and see what you thought?
regards