You're moving on, but should you sell or keep your old home?

Keep or sell?

So, you have outgrown your lovely home & you’re ready to upgrade to the new mansion.

There is an overriding rule in property “never, never sell”, and if you look back on any property you’ve owned you’ll see why, but does it make sense in your current circumstances? What should you do – sell or keep your first home? The answer lies in a number of factors & carefully talking through your options with your advisers, as the answer is different for each person.

If you have worked hard to pay off the loan on your old home – and you need to borrow to buy your new home – your new home loan will obviously be larger, as will your new repayments.