u/Economy_Seat_7250

England

I overpaid for a flat in 2022 (the market was mad at the time) and then probably spent too much on a renovation for it.

I'm also in the process of a lease extension, so another £6-10k on top 🎉

Now there's an identical one on the same estate, going for £30k less than I paid for mine originally, though in need of full renovation and with a 90 year lease.

The key difference is that the other flat is immediately next to a noisy pub, and my partner insists that this is why the other flat is not selling and losing value.

I was planning on selling in the next few months so we can buy a house together.

Do I just need to take it on the chin that I'm going to lose a lot of money if I sell now due to the other flat lingering on the market? Like somewhere in the region of 20-30k

The alternative is keep living here and hope the market improves, or become a landlord to try and claw some money back before selling further down the line...

I'm 36 and suspect I may be paranoid, but I'm put off from buying a lot of branded clothing for fear of looking like I'm wearing a younger man's clothes.

Are there brands you simply won't go near for this reason or am I over thinking it?

England

Hi folks,

My partner and I each own our respective flats. I own mine outright, they have a mortgage.

They're planning on selling soon and we were going to buy a house together.

I basically have a bobbins income and wouldn't be able to get a mortgage but they have a good income - enough to buy a modest house themselves that would tick most of our boxes.

Wondering about the implications of buying together first of all: could we go 50/50 if I sell my flat, without me needing to be on the mortgage?

Alternatively if they bought alone and I rented mine out, is it a smart move or a silly one? I caught the headline about an 'accidental landlord' whose tenants had huge arrears. I hear people saying it's better to invest in isa's etc.

My key concern about selling right now is that I might lose money, but I'm not sure that justifies the headache of becoming a landlord.