Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
Bought these 14 flats approx. 8 years ago when the market was on the up with the idea of paying for the lease extensions through the increase in values over the following years. I paid around £80k each for them on interest only mortgages with a deposit of 15%. Now with only about 50 years remaining they are only worth about £50k (£75k with the extended lease).
I am looking for advise as to what other readers would do in my situation.
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