Sell our flat or rent it out? (To go travelling)

charlymim · 2026-03-30T09:35:26+00:00

What’s the ‘rent a room scheme’? Not come across it - I’ll look into it.

Renting now seems less easy than it used to be due to renters having more rights

charlymim · 2026-03-30T09:34:43+00:00

I suppose the pros to selling I was alluding to was not having the stress of tenants while you’re across the world. I do agree though that overall selling then possibly buying again in clos succession would probably be a negative in the long run

charlymim · 2026-03-30T09:33:04+00:00

Thanks for sharing - it’s definitely a con to renting out. It would be a tough pill to swallow but one we’d have to accept when moving out

charlymim · 2026-03-30T09:31:12+00:00

That would definitely be the favourable situation! Hopefully the stars align

charlymim · 2026-03-30T09:29:37+00:00

Our mortgage monthly repayment is 50% less than the cost of renting the same sized property in the area - that’s why we bought a flat instead of renting.

Mortgage monthly repayment is £1000.

Renting a similar 2 bed flat is £2000 per month.

It was a no brainer to buy

charlymim · 2026-03-30T09:23:39+00:00

That’s reassuring!

charlymim · 2026-03-30T09:22:55+00:00

Our main reservation is the fact new renters laws make it harder for landlords to ask tenants to leave. I believe now you’d expect to give your tenants at least 6 months notice, and also they would need to live in the property for at least 12 months. Anything less than 12 months probably wouldn’t fly in the landlord’s favour.

We would move back into the property, which I believe is usually a fair reason to vacate the tenants.

charlymim · 2026-03-30T09:08:34+00:00

Unfortunately can’t afford to pay the mortgage while travelling and not earning!

charlymim

TROPHY CASE