Unsure whether to rent or sell my property which is in negative equity

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Jamesdc97

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Joined: Wed Jul 30, 2014 8:49 pm
Post by Jamesdc97 » Wed Jul 30, 2014 8:49 pm
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I am unsure whether to rent or sell my property which is in negative equity and I would appreciate your advice on this matter.
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Foggy

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Location: United Kingdom
Post by Foggy » Wed Jul 30, 2014 9:03 pm
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The equity position can be put aside at the moment --- can you afford the mortgage repayment ? What are rent prices like in your area ?

Once off the property ladder it can prove extremely hard to get back on, especially with prices rising and incomes remaining stable (ie not increasing at the same rate as the prices).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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