chrismoug

Sell my house or sit it out?

I am currently going through a separation, amicable I hope. My question is what to do? I was expecting to live in this house till I died, we have a large mortgage on it, plus a secured loan. If I had to sell it would leve me nothing or at worst I would still be in debt. Negative equity was never a concern but now I am stuck. I am struggling financially but in 2 years time I will be a lot better off.. Sell now and take the hit or try and stay (possibly with a lodger?) and weather the storm?

Asked on Sep 7 2011, Home Finance in Cheltenham | Report content

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  HomeWhereT...

  I would weather the storm. If you will be in a better position in two years time, then you might be looking at an improvement in market conditions.

  Answered on Sep 8 2011, Report content

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  Pure Acqui...

  Personally, I would say stay and weather the storm, however it's a very personal situation for you and without knowing the full financial facts I can only give you an opinion.

  Answered on Sep 8 2011, Report content

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