12:18 PM, 4th June 2014, About 7 years ago 21
Wrestling with a common dilemma whether to sell a good cashflowing flat on a low rate BoE tracker or sell to raise capital to reduce some unsecured debt and invest in another property.
Selling will raise £60K whereas the cashflow is c.6.5k pa. but a lease extension will be required in about 5 years which will have a capital cost and reduce appeal of the property unless extension is obtained. CGT will be minimal.
I feel rather reluctant to let go of the BoE tracker at 1.99% above base as such products are unlikely to be sourced in the future and are obviously ultra competitive to help rental cashflow.
Comments and observations welcome please.
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