He does not like it and we jointly bought a property nearby but I want to downsize in five yearsQ I own a house in Leeds, which I loved living in for several years. When I got together with my partner, however, he didn’t. So I let the house and he and I jointly bought an old house with a huge garden in a regeneration area nearby. We are very happy here and expect to be living here for the next five years. After then, I would like to downsize to somewhere more manageable – or go straight into an independent living setup for active older people.I am wondering if I should sell my buy to let when the current tenant, who has been happy there for 10 years, decides to leave. It yields me about £5,000 a year (after tax and charges), which tops up my personal pension of £17,000 a year. In two years’ time I will be eligible for the state pension. Continue reading…
Source : theguardian.com
Read more…My partner says selling the house I rent out would be a bad idea. Is it?
