I've been in my new property for about two months now, and I am happy with the property, but I've realised recently that I want to be able to move quickly, should I get a job elsewhere, or even go to study further abroad.
Now as far as I can tell, I have the option of either letting my property, with which I own about 65%, and the remainder is on the mortgage, and trying to obtain a Consent-to-Lease, and the whole palava of letting agents etc, or I could just sell the house, and face the maximum early repayment charge of £3,000 (I'm not sure if I could pay this with the proceeds from the sale of the property, or whether I would required to pay this before the money was released to me).
I know this sounds pretty stupid, but I want to know what my options are. When I decided to buy a place all I was hearing from people was the positives.
Can anyone confirm these are the only options? I am with Co-operative Bank.
If I let the property, surely this would be subject to income tax also?
Thankyou.
Now as far as I can tell, I have the option of either letting my property, with which I own about 65%, and the remainder is on the mortgage, and trying to obtain a Consent-to-Lease, and the whole palava of letting agents etc, or I could just sell the house, and face the maximum early repayment charge of £3,000 (I'm not sure if I could pay this with the proceeds from the sale of the property, or whether I would required to pay this before the money was released to me).
I know this sounds pretty stupid, but I want to know what my options are. When I decided to buy a place all I was hearing from people was the positives.
Can anyone confirm these are the only options? I am with Co-operative Bank.
If I let the property, surely this would be subject to income tax also?
Thankyou.