Updating post from Reddit.

1
Posted by AcanthaceaeFalse6685 1 day ago
Does it make sense (BTL)

I purchased my property for £105,000 years ago, mortgage remaining is 60k and property valued at £165,000. Have bought another place and have paid 7k stamp duty (before it was raised), not sure if its worth renting old property out or reclaiming the stamp duty and I would not be liable for the capital gains if I sold within 3 years

Can be rented for 900

Ground rent 110

Management fee 80

Insurance 25

Mortgage 4.25% (can get consent to let)

Have family who can do electric and gas checks.

Appreciate feedback

0