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complicated situation where i need to extended lease before selling so am waiting for the legislative changes to go through the lords to make that cheaper
It's going to have to get through the Commons as well - the government hasn't even published the White Paper for reforming lease extension costs yet...
https://commonslibrary.parliament.uk/leasehold-reform-in-england-and-wales/
Brommers
I’ll be hopefully renting out my flat soon, i’m not mortgaged to the hilt on it (40%LTV). complicated situation where i need to extended lease before selling so am waiting for the legislative changes to go through the lords to make that cheaper as well as sitting out the remaining 2 years of mortgage and not pay the big exit fees if i sell. proceeds of which will take a big chunk off new cohabitation property bought by partner come remortgage
i’ll not charge absolute top money and it will pay for itself over the next 2 years with a small surplus to cover any unexpected repairs or breakages.
from a professional landlord point of view it’s probably not enough yield but for us it makes sense and somebody gets a flat for 2 years with a new kitchen and bathroom and no damp/mould and everything works.
haters will still hate for being a landlord though.