I’m planning to leave London and I’m thinking about renting out my property Q My family and I are planning to leave London and meander north. Ultimately we want to own a house in the residence we meander to,but we are planning on renting for the first year whilst we net established.
Ten years ago we bought a two-bedroom flat in East Dulwich on part-rent part-buy scheme for key workers. At the time we could afford to buy a 25% share of the flat which was valued at £240000. Later on, we purchased a further 50% when the value was £350000, or then bought the final 25% when the value was £415000. Our current mortgage loan stands at about £300000 and the flat is now valued at £500000.
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Source: guardian.co.uk