Originally Posted by dwight-van-man (Post 10910633)

Couple of practical points:

1) if you keep it empty, your regular home insurance won't cover if its uninhabited for longer than 60 or 90 days
2) security considerations - an empty house is likely to be a target for burglary
3) if you rent it a good letting agent will minimise the chance of tenant damage and having the property occupied will prevent issue like frozen pipes
4) if you rent, its likely your mortgage will not allow you to rent without requesting 'Consent to Let' from Clydesdale. A regular mortgage contract will not allow you to rent the house without permission. Be prepared to pay a fee and possibly an interest rate loading for this.

Originally Posted by Tirytory (Post 10910647)

I know not all mortgage providers are the same but mine allowed permission to let without fee or mortgage interest rate change.

Leaving the country is a very reasonable reason to want to rent. Mine was under different circumstances.

Originally Posted by not2old (Post 10910656)

you know what & it happens a lot with folks that emigrate, they see the personal attachment to 'back home' & having the house allows them (so they think) the comfort level of 'well I can always go back' - instead of letting it go, move on to the new adventure. Besides, why leave money tied up in property 5000km away & have no control.

When one decides to emigrate they do it mainly for a better future or because they cannot get away fast enough from where they're at.

Liquidate & use the money to live your life in the new country IMO

That was a bit of a rant ... shakes head:eek:

Originally Posted by bats (Post 10910683)

If you are coming here as anything but PR then do not sell. If you do not have Permanent Residence your situation can change overnight and it woukd easier to go back if you still had the house.

Originally Posted by Amaresh (Post 10910663)

Yes. Letting go is always a problem...

Originally Posted by gryphea (Post 10910726)

If its empty for a long time your regular insurance won't cover you and after 6 months you have to pay some council tax

Originally Posted by JAJ (Post 10910841)

Discussed at:
http://britishexpats.com/wiki/House_in_UK-Keep_or_Sell

One aspect, often overlooked, involves the steps necessary to lose U.K. domicile and escape the Inheritance Tax. Keeping a house in the U.K. makes that more difficult, normally, for a variety of reasons. But every case is different.

Originally Posted by chiefmissile (Post 10912676)

If you become PR & tax resident in Canada, then you sell your UK home 5 years after you become non UK tax resident, HMRC are very unlikely to peruse any CGT. After 6 years they will not be interested at all.

Regards

Andrew