Renting out house in UK whilst in NZ
Hi All!
We are going through trying to sell our house at the minute and have noticed that the UK housing market has slowed up. We really wanted to get sold and complete before the end of the year but we think that's going to be a tall order :scared: So, we have looked at other options to try and get us through this issue, as we want to get over to NZ by the end of Jan 2006, and one option is to rent ours out whilst we are over in NZ. This seems like a good idea as we can pay the mortgage, etc., with the rent, whilst we rent in NZ. It would be useful to see if anybody else has done this, so can anyone help or give advice? :) Cheers Dave and Lyns |
Re: Renting out house in UK whilst in NZ
Originally Posted by Dave and Lyns
Hi All!
We are going through trying to sell our house at the minute and have noticed that the UK housing market has slowed up. We really wanted to get sold and complete before the end of the year but we think that's going to be a tall order :scared: So, we have looked at other options to try and get us through this issue, as we want to get over to NZ by the end of Jan 2006, and one option is to rent ours out whilst we are over in NZ. This seems like a good idea as we can pay the mortgage, etc., with the rent, whilst we rent in NZ. It would be useful to see if anybody else has done this, so can anyone help or give advice? :) Cheers Dave and Lyns Good luck what ever route you decide to take. |
Re: Renting out house in UK whilst in NZ
Originally Posted by Dave and Lyns
Hi All!
We are going through trying to sell our house at the minute and have noticed that the UK housing market has slowed up. We really wanted to get sold and complete before the end of the year but we think that's going to be a tall order :scared: So, we have looked at other options to try and get us through this issue, as we want to get over to NZ by the end of Jan 2006, and one option is to rent ours out whilst we are over in NZ. This seems like a good idea as we can pay the mortgage, etc., with the rent, whilst we rent in NZ. It would be useful to see if anybody else has done this, so can anyone help or give advice? :) Cheers Dave and Lyns I think we will always keep property in the UK, just simply because it's worth so much more than property here is. Btw, they are predicting a massive drop in sales and a huge rise in mortgagee sales here in NZ as the interest rate goes up again and people who have really stretched themselves come under the cosh even more. The banks are starting to offer 100% mortgages here which is a sure sign that sales of mortgages are slowing. So, in 12-18 months time, you may be able to buy some very reasonably priced houses! Something to bear in mind. |
Re: Renting out house in UK whilst in NZ
Hiya...
We have 2 houses in the UK still and rent them both out. Mines been rented out for a few years now, since I moved in with my partner. We use a Property Management company in Peterborough to handle everything for us. When we moved here we decided to rent my partners house out too so we get a small discount for the management company having both houses. The rent pays the mortgages but to be honest we dont really make much money on them.... we said we will rent in NZ for 2 years and then decide what we want to do just to give ourselves options and not dive into buying straight away. Speak to some Property Management companies and see what they can do for you...dont be scared to knock the management fee down too....haggle with them over it and they will come down if they want your property. Sarahb |
Re: Renting out house in UK whilst in NZ
There is an old guy who lives nearby, he owns property throughout NZ, shrewd business man he is. Was talking with him just at the weekend and he was talking about the interest rate going up soon.
He says he will be ready to purchase a few houses when folk have overstretched their budget and can no longer afford the high interest, he knows the score. :rolleyes: It may be worth holding off buying straight away in NZ at the moment if you can. You could end up with a bargain, unfortunately at someones loss though. |
Re: Renting out house in UK whilst in NZ
Originally Posted by Dave and Lyns
Hi All!
We are going through trying to sell our house at the minute and have noticed that the UK housing market has slowed up. We really wanted to get sold and complete before the end of the year but we think that's going to be a tall order :scared: So, we have looked at other options to try and get us through this issue, as we want to get over to NZ by the end of Jan 2006, and one option is to rent ours out whilst we are over in NZ. This seems like a good idea as we can pay the mortgage, etc., with the rent, whilst we rent in NZ. It would be useful to see if anybody else has done this, so can anyone help or give advice? :) Cheers Dave and Lyns |
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